The time to talk to your broker, operator or jet card provider about COVID-19 related cancellations is before you sign the contract
One problem in life is most consumers don’t read the fine print in contracts they sign until there’s a problem. That was a key point from panelists, including a private jet charter operator, a major charter broker, and executives of the National Air Transportation Association (NATA), during a webinar yesterday.
Despite consolidation, the 25 largest Part 135 and 91K operators account for only 25% of the U.S. private jet market
Why you won’t find Wheels Up when you look at lists of private aviation operators
Sizing the U.S. private jet market between Part 91, Part 91K fractional and Part 135 charter operators
8 of the 10 largest companies are led by the founder or family member
Here’s a big difference between the private jet market and the airlines. Just 10 airlines account for 90% of the domestic market for scheduled passenger traffic. Four companies – Delta Airlines, American Airlines, United Airlines, and Southwest Airlines – are responsible for two-thirds of U.S. flights.
Despite consolidation, business aviation remains fragmented. An analysis by Private Jet Card Comparisons of various reports from Argus TRAQPak and other data shows the 25 largest operators of charter and fractional fleets together account for just 25% of all U.S. flying.
A week after the parent of Flexjet and Sentient Jet debuted a new U.S. on-demand charter brand, PrivateFly is bringing the company’s first fixed-rate, guaranteed availability private jet membership to Europe
Buoyed by requests from ad hoc charter customers and newcomers to private aviation, PrivateFly is launching a fixed-rate, guaranteed availability jet card.
For parent Directional Aviation, it now joins NetJets, Vista Global’s VistaJet and XO, Air Partner, and Air Charter Service with fixed-rate card programs on both sides of the Atlantic.
The jet card broker has added the luxury villa rental agency as a preferred partner
With demand for private jets increasing as consumers seek to avoid COVID-19 exposure, Air Charter Service has partnered with Villas of Distinction.
As airlines reduce flights, it will become more difficult to position pilots on short notice
Like with the airlines, drop in demand due to Coronavirus restrictions is leading some private jet operators to ground aircraft
Both London City Airport and London Heliport have closed for normal private aviation flights
NetJets, VistaJet affirm continued operations in Europe and worldwide
Booking a private jet charter flight in Europe may become more difficult in the coming weeks, especially on short notice. That’s the consensus of several executives from private jet operators and charter brokers who spoke to us. The silver lining is, it’s not a problem yet.
A story last week in Aviation International News was headlined, “BBGA Expects Full Bizav Fleet Grounding Soon in UK.”