High-volume jet card buyers surge as companies hit the skies

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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.

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

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.

2020 Private Jet Flights by State, Region and Quarter

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Florida bypassed California and Texas to take the top spot for private jet departures in 2020

New Jersey dropped from 4th to 9th place as flights at Teterboro Airport plummeted by 50%

2020 U.S. private aviation flight activity declined 23.9% from 2019, according to Argus TRAQPak 

After a 48.9% drop in Q2, private jet flights were just 15.2% below pre-COVID levels in Q4

In a year ravaged by COVID-19 negative growth, Florida had the most private jet departures. It jumped past last year’s leader California and second-place Texas despite a 7% drop in activity. That still compares favorably to the overall market. U.S. private aviation flight activity declined 23.9% from 2019, according to Argus TRAQPak.

NBAA’s Bolen says private jets set for a sustainable rebound in 2021

sustainable aviation fuels

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.

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