In case you don’t read emails from your jet card company, here is our recap changes programs have been making in recent months
As private jet flying has reached record levels, capacity is being stretched. Providers are trying to line up more capacity. However, jet card rates, which in the past hadn’t changed for years at a time, have been on the rise. The midyear timing speaks to what’s happening in the market.
Backed by record demand and with no letup in sight, operators from NetJets to niche brokers are announcing ambitious fleet growth targets
Private jet fleet capacity has become one of the industry’s hottest issues. Demand for private aircraft, owned, via charters, jet cards, and fractional shares, continues to surge to record levels. Charter and jet card flights tracking 30% higher than 2019 pre-pandemic levels combined with owners flying their jets more is putting a strain on the system. Supply chain and labor issues impacting the greater economy are impacting the private aviation industry. It’s creating a new reality for private jet flyers.
Piaggeo P.180 jet card provider AeroVanti is adding a limited guaranteed availability option offering 150 hours per year as it plans fleet expansion
AeroVanti is on the verge of acquiring a Part 135 operator that will add seven turboprops, light, and midsize jets to its current fleet of five Piaggio P.180s. It is also planning an order for up to 72 new aircraft from Piaggio and is launching a Top Gun guaranteed availability tier with limited availability. The 2021 start-up is boosting customer service as it seeks to keep up with the demand that is five-fold higher than anticipated.
On the surface, Annapolis, Maryland-based AeroVanti, turns the clock back to 2013. That’s when Kenny Dichter launched the Beechcraft King Air into a mainstream private aviation charter solution using huge stars like Tom Brady and Serena Williams climbing aboard the turboprop and selling memberships through Costco. It also resurrects the aircraft that Avantair popularized before its 2014 bankruptcy. Serial entrepreneur Patrick Britton-Harr hopes his new venture will follow the former than the latter. With an hourly rate of just $1,995 plus 7.5% Federal Excise Tax, like Dichter, he wants to move first-timers from the airlines to fly privately.