NetJets, Flexjet, Wheels Up, Vista Global hold serve as four largest North American Part 135/Part 91k private jet operators for 2021; FlyExclusive leaps to 5th
The 10 largest private jet companies increased their share of Part 135/91k flight hours to 45.1% from 44.3% in 2020
Solairus (89.3%), Airshare (77.1%), FlyExclusive (76.3%), NetJets (61.4%), Jet Edge (59.9%), and Wheels Up (55.0%) record biggest percentage growth
Read our detailed 2021 Year-in-Review for each of the 10 largest private aviation providers, including flight hour activity since 2019
There was no change among the top four North American private jet holding companies, based on combined Part 135 and Part 91k flight hours. However, Argus TraqPak data shows a new player in the 5th spot. FlyExclusive moved from 10th in 2019 to 8th in 2020. The table below provides a company-by-company ranking for the 30 largest private jet companies in 2021, including flight hours and market share.
Continue reading “2021’s 30 Biggest Charter/Fractional Private Jet Companies Ranked (Full Year)”
FlyExclusive, Solairus, Airshare, Nicholas Air gain on Top 135/91K operators list
NetJets, Flexjet, Wheels Up, Vista Global, and Jet Linx continue at the top of the leaderboard as FlyExclusive jumps from #8 to #5
Analyzing the latest data from Argus TraqPak from the first six months of 2021, there is no change in ranking the four largest private jet providers.
Continue reading “2021’s 30 Biggest Private Jet Companies”
Kenny Dichter and Wheels Up doled out less than $100 million in cash to build the second-largest private jet operator with a $2 billion valuation
When Wheels Up’s acquired 5th-biggest Part 135 charter operator Mountain Aviation in January, it pushed the group past Directional Aviation’s Flexjet as the second-largest for-hire private aircraft operator in the U.S. For Wheels Up founder and CEO Kenny Dichter, it was a day at the beach compared to another cold New York winter morning in early 2019. At that point, Wheels Up didn’t operate a single aircraft. Founded in 2013, its owned and leased fleet was outsourced to Gama Aviation Signature. Wheels Up was a big brand. Yet, it was merely a marketing organization selling memberships onto what was then mainly a fleet of King Air 350i turboprops.
Continue reading “Here’s how much Wheels Up paid for each of its 5 acquisitions”
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.
Continue reading “Biggest Private Jet Operators of 2020 led by NetJets, Flexjet, Wheels Up and Vista Global”