Tag: ARGUS

Private jet charter flights set a record high in March

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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.

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NetJets drops Marquis Jet brand

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Jet card brand Marquis Jet has been retired by NetJets. It was acquired when it bought Marquis Jet Partners in 2010

The jet card world is losing another iconic brand. After Wheels Up dropped the Delta Private Jets brand in February, NetJets has retired the Marquis Jet brand. It had been using the mark for its jet cards.

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January private jet charter flight slip into the black

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January 2021 private jet activity report

While Part 91 and 91k fractional private jet operators remained in the red, Part 135 charter operators eked out a 0.3% gain over 2020 January flight activity

Part 135 private jet charter operators saw black in January as the rest of the industry remained looking at red numbers, according to Argus TRAQPak.

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Biggest Private Jet Operators of 2020 led by NetJets, Flexjet, Wheels Up and Vista Global

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NetJets Flexjet

NetJets stayed firmly in the top spot among U.S. private jet operators as Wheels Up zoomed from 11th to 3rd place, while Flexjet, Vista Global, and Jet Linx each made gains

Charter (Part 135) and Fractional Operator (Part 91k) flights accounted for 52.5% of total U.S. private aviation flight hours, pushing Part 91 flying below the half-century mark for the first time, according to Argus TRAQPak data dating back to 2007

The 10 largest U.S. charter and fractional operators accounted for 44.3% of Part 91k/135 activity and 23.2% of total business aviation flight hours

TRAQPak’s 2021 forecast indicates full recovery tilted towards second-half

The takeaways from the 2020 Argus TRAQPak annual review of private jet activity in the U.S. underscores two key trends: Consolidation and acceleration of what has a nearly decade-long move from full private jet ownership to fractional shares, leases, jet cards, and on-demand charter. Looking ahead, Argus analysts don’t expect the total industry to return to pre-COVID-19 numbers until the second half of 2021.

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