Private Jet Card Comparisons - Know Before You Buy
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There’s a reason for optimism in Ohio this weekend. The state is home to NetJets and Directional Aviation’s Flexjet and Flight Options, which combined account for 85% of North American fractional flight activity.
Headwinds for business aviation are expected to be even more fierce than predicted just last week. Back then, Argus TRAQPak predicted the private aviation flights in April would be between 40% and 60%.
In an update just released today, its analysts now expect a 67.3% decline this month.
A just-published white paper from Argus TRAQPak shows the dramatic drop in private aviation flights. It also paints a difficult picture looking forward.
If there was an early March surge in private jet travel, it was lost and more by the end of the month. Argus TRAQPak is expecting flights to drop by 27.8%.
NetJets and Flexjet, the two largest players in the fractional ownership market, both recorded strong performances in 2019, measured by flight hours.
According to data released by Argus Traqpak, for the total fractional market, flights and flight hours grew 5.9% and 7.9% respectively, when compared to 2018.
