A look back at who received CARES Act Payroll Support Payments

CARES Act private aviation recipients

The Payroll Support Program under Division A, Title IV, Subtitle B of the CARES Act provided payroll support to passenger air carriers, cargo air carriers, and certain contractors for the continuation of payment of employee wages, salaries, and benefits. Here’s who got how much

It’s uncertain when there will be more government for the airline industry, and if so, will it extend to the private aviation side?

While the CARES Act payments have been widely credited for helping business jet operators get back on their feet quickly, they also have detractors, including NetJets, the largest private jets operator.

Let’s make a deal. The private jet M&A market is hot, but not without risks

Private aviation M&A

Vista Global’s deal yesterday with Red Wing that brings it 15 light jets to XOJET is the latest and doesn’t look to be the last

In just over 3 years, we’ve tracked over 50 deals, fundraises, launches, and bankruptcies

(Updated Jan. 11, 2021) The COVID-19 crisis may be bringing the already simmering mergers and acquisitions market for private jet operators and brokers back to a boil.

Clay Lacy adds four private jets to its charter and jet card fleet

Clay Lacy private jet charter

Van Nuys-based Clay Lacy, which offers an as available jet card program, has added a Gulfstream GV, G450, GIV-SP and Citation CJ3

Clay Lacy Aviation has added a 14-passenger Gulfstream GV, a 14-passenger Gulfstream G450, an 11-passenger Gulfstream GIV-SP, and a seven-passenger Citation CJ3 to its nationwide charter fleet of managed business jets. Its as-available jet card program offers roundtrip pricing.

Clay Lacy awarded FBO lease at Orange County’s John Wayne Airport

Clay Lacy FBO Orange County John Wayne Airport

The Part 135 private jet charter operator offers an as available jet card program

The Orange County Board of Supervisors has awarded Clay Lacy Aviation a 35-year lease at John Wayne Airport (KSNA) to build and operate a Fixed Base Operation (FBO) that will serve as a business gateway for Orange County and contribute to the general aviation ecosystem at the airport.

Wheels Up gets $74 million in CARES Act funds

Wheels up

Wheels Up Partners Holdings LLC incorporates Wheels Up, Gama Aviation Signature, Delta Private Jets, TMC Jets, and Avianis

If it’s Friday night, it’s a good time to check the Treasury Department’s website for updates about CARES Act awards. Tonight’s reveal showed on June 10 a payroll support agreement providing $74.2 was executed with Wheels Up Partners Holdings LLC.

Clay Lacy awards 26 aviation scholarships

The grants support studies by future business aviation professionals

Clay Lacy Aviation, which offers a roundtrip pricing, as available jet card program under Clay Lacy Preferred, is continuing to assist the next generation of aviation professionals.

NBAA, NATA take CNBC to task for Clay Lacy and CARES Act coverage

Clay Lacy

Two private jet trade groups are accusing the cable network of misrepresenting Clay Lacy and the importance of business aviation

A letter issued yesterday by the top executives of the National Business Aviation Association and National Air Transport Association said CNBC coverage of the CARES Act distorted the impact of Covid-19 on business aviation.

A post on NBAA’s website was titled, “CNBC Distorts Pandemic’s Impact on Business Aviation, Specifically Charter Company Clay Lacy.”

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