Private jet charter brokers must offer refunds when not disclosing operator

private jet at airport

If your jet charter broker doesn’t provide the operator when you sign the charter contract, you are entitled to a refund when that information is given

The U.S. Transportation Department has clarified the now two-year-old rules covering disclosures required by private jet charter brokers. The response to an inquiry by the National Business Aviation Association underscores consumer rights. At the same time, it affirms brokers are allowed to contract with consumers before securing an operator.

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.

Cheap private jet flights: 11 big mistakes private flight buyers make

cheap private jets

Don’t believe articles that technology is lowering private jet prices. Promises of cheap private jet travel are often based on misleading press releases and a lack of knowledge

Promises of cheap private jet flights invoking Uber analogies and claiming technology breakthroughs that lower charter costs are common themes of uninformed coverage. The articles are wrong. Apps don’t impact how much you will pay. In fact, most online pricing tools for private jets don’t even give you hard quotes. They are simply tools to capture your contact information so sales reps can follow-up.

Much of the charter rates you see online are estimates. And for every slick app, you’ll find if you aren’t familiar with the industry’s ins and outs, it’s easy to make big mistakes when buying private flights. With COVID-19 causing more consumers to shop for private aviation options, if you are serious, buyer beware.

Private jet charter brokers unconcerned by operators going direct-to-consumer

CJI Americas 2020

Three charter brokers will tell attendees at Corporate Jet Investor Americas 2020 this week they are not concerned by the increase in operators launching jet memberships

The bosses at Air Partner, B2 Aviation, and Magellan Jets will tell attendees at the Corporate Jet Investor Americas 2020 conference that brokers do it better during the virtual event starting tomorrow.

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