Private jet charter flights set a record high in March

private jet in flight

Part 135 private jet charter operators recorded 104,000 flights in March, a record high, according to Argus Traqpak

March came in like a lion and left with a roar for North American private jet charter operators.

Fractional Ownership 2020 numbers show NetJets, Flexjet control 85% of the market

NetJets Flexjet

Private jet fractional ownership continues to be dominated by NetJets and Flexjet

Argus TRAQPak’s annual business review of private jet fractional ownership operators in North America shows from the handful of players, NetJets and Flexjet continue to dominate. Together, the top two players control 85.8% of the market based on flight hours.

Private jet travel to lag pre-COVID levels through April 2021

Argus

While private jet flight numbers are expected to show impressive year-over-year gains from March 2021 onwards, they will still fall short of pre-pandemic levels, according to the latest Argus TRAQPak forecast

Argus TRAQPak’s forecast for the first four months is good news, relatively speaking. North American private jet flight hours are projected to increase by 21.6% in March 2021 on a year-over-year basis. In April 2021, Argus expects flight hours to surge by 194.9%

Charter and fractional private jet operators lead November results

Argus

Part 135 charter operators saw November year-over-year totals off by just 6.4% while fractional operators were down 14.5% and Part 91 flying was 24.1% below 2019

Argus TRAQPak analysts predict a year-over-year drop in private jet flights of 18.5% during December

The latest Argus TRAQPak monthly report shows Part 135 charter operators are continuing to see the strongest recovery.

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