JetSuite grounds fleet amid COVID-19 Coronavirus crisis

JetSuite

Private jet charter operator JetSuite has grounded its fleet of Embraer Phenom 300s and 100s

Sister JSX is continuing a reduced schedule of flights between private jet terminals

Private jet charter operator JetSuite, which sells Phenom 300 jet cards, is halting operations. The move reflects a steep dive in private travel from the COVID-19 Coronavirus pandemic. Closure of many hotels and resorts has meant aside from second homes and emergencies, there are few places to travel.

XOJET says Q1 brokerage revenue jumped 39.5%

XOJET XO

Following re-launching and expanding its jet cards, the operator and broker is also planning to add new private jets in 2018

 

XOJET is planning to add “three or four aircraft” to its fleet of 41 Challenger 300s and Citations Xs, according to an interview in Aviation International News.

LunaJets wins Bilan’s top employer award

The Switzerland-based charter broker takes good care of its workers, according to the leading financial magazine

Geneva-based LunaJets was awarded last week the top prize for “Best Employer 2018” for companies under 50 employees, by Bilan magazine, the business and economic reference in French-speaking Switzerland. It’s the 10th year the financial magazine has published its choice of companies for best HR practices. 

Europe: Charter, Jet Cards Power 4.5% Private Aviation Growth in February

Private jet safety

February private aviation flying in Europe hit 57,037 flights marking a 4.5% increase in year-over-year (YOY) activity

 

Business jet departures were up by 3%, with a decline in private flight missions, owners flying in their own private jets, offset by 5% gains in charter and Jet Card activity, according to WingX, a consulting firm. Western and Central Europe saw healthy growth in flight activity, although flat in the UK and modest in Italy. Germany had the strongest growth, mainly growth in turborop activity. Spain had the largest growth in private jet activity at +9%. 

Charter Broker Victor Attracts $18 Million In New Investment; Forms Alyssum Group To Foster General Aviation Acquisitions

WingX April 2019 private jet activity

On-demand private jet charter broker Victor has raised $18 million from BBA Aviation, BP Ventures and existing shareholders

 

Following Victor’s BP Ventures-led Series B investment round of $20 million in September the company is back raising more money, including the creation of a new corporate umbrella that will be known as Alyssum Group Ltd. Victor said it will now which pursue an “acquisitive strategy within general aviation sector,” according to a press release received by Private Jet Card Comparisons. It said this new money signals closure of the Series B process as Alyssum Group gears up for planned Series C investment round in mid-2018. Victor Founder & CEO Clive Jackson appointed Group Chief Executive of Alyssum Group. 

How Davos, Super Bowl, NBA and NHL All-Star Games Impact Your Private Jet Trip

Private jet safety

Big events like the Academy Awards, Super Bowl, All-Star Games and holidays take the newest and nicest private jets out of the On-Demand Charter inventory

 

A string of high profile events beginning this week with the World Economic Forum (WEF) in Davos, the 60th Annual Grammy Awards this Sunday, Super Bowl LII on February 4, then New York Fashion Week (Feb. 8 to 18), the Winter Olympics in South Korea from Feb 9 to 25, Paris Fashion Week, starting Feb. 27, and the 90th Academy Awards on March 4 are putting extra demand on private jet inventory. In addition, there is Valentine’s Day, the Miami Boat Show, the NBA All-Star Game Feb. 18 in Los Angeles and the upcoming NHL All-Star Weekend in Tampa. And don’t forget Spring Training for Major League Baseball starts in Florida and Arizona on Feb. 23. Oh, and of course, lots of folks escaping the cold to beach destinations or looking for some powder on the ski slopes.

November Was Another Strong Growth Month For European Business Aviation

November was another growth month for business aviation in Europe, with 61,837 flight departures, up 6.1% YOY, taking the YTD growth trend to 4.2%. Activity in November 2017 was still 10.5% behind the pre-crisis peak back in November-2007, reports WINGX. 

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