Part 135 charter and Part 91K fractional flying surged to 54.3% of all North American private aviation flight hours during the first half of 2021
The share of flight hours operated under Part 91 – non-commercial flights conducted for the aircraft owner – continued its decade-long decline during the first half of 2021.
Over the past month, subscribers looking to buy 75 + hours of jet card time have doubled as companies expand the use of private aviation
The percentage of Private Jet Card Comparisons’ subscribers looking to buy at least 75 hours of private jet flight time has doubled during the past month. During the past four weeks, 22% of subscribers using the buyer’s guides’ JET CARD DECIDER service sought 75 hours or more of jet card time, compared to 11% over the previous two months.
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.
The CEO of the National Business Aviation Association says a post-COVID business travel recovery, new customers and increased availability of sustainable aviation fuel offers a positive outlook for private aviation
Crediting the CARES Act for “helping companies survive and general aviation airports to have operating money,” National Business Aviation Association CEO Ed Bolen last week told the Asset Insight podcast business aviation is well-positioned.