European private jet flight activity increases 5% to 9,875 week-to-week despite a global 3% dip
While global private jet flight activity was lower for the second week in a row, down 3% from Week 9, European private jet flights saw 5% week-to-week growth.
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.
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.
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.