Global aviation services and private jet charter group Air Partner saw its pre-tax profit nearly trip to £11.5 million by group and freight charter flights related to the COVID pandemic
Analyst Canaccord Genuity restores “buy” recommendation for Air Partner
Air Partner said it is announcing today an update to shareholders, including details of its dividend policy. The move reaffirms its previously reported update from January. That called for a profit before tax of no less than £11.5 million for the year ended 31 January 2021. That compares to £4.2 million from the previous year, a 173% gain.
Despite the drop in private jet travel, VistaJet says it is providing flights to those who need its services
Last month VistaJet, a unit of Vista Global Holdings, announced it would offer short-term month-to-month leases as a response to COVID-Coronavirus pandemic.
Private jet companies say the COVID-19 Coronavirus pandemic has generated first-time customers. They may return due to health safety concerns…
It’s not just avoiding fellow passengers in confined spaces of airport terminals and airplanes
A CBC report found nearly half of the surfaces swabbed on airline flights contained levels of bacteria or yeast and mold that could put a person at risk for infection
With no cure or vaccine for the COVID-19 Coronavirus, the private jet industry is expecting (or hoping for) an influx of new customers when the stay-at-home orders expire and hotels and resorts reopen.
Right now many private jet users are grounded with no place to go. However, they apparently want to get back in the air. Research by Private Jet Card Comparisons shows only 3% of subscribers have canceled summer vacations with no plans to reschedule. It’s also expected those who can afford it, will want to maximize their social distancing while traveling for the foreseeable future.
According to Thrillist, “Airplanes are notorious for being giant flying petri dishes. The rush to turn flights around in mere moments, day in and day out, makes them akin to a bath towel you always air-dry but never wash.”
Private aviation is forecast to be down close to 70% this month. Still, that number cloaks a significant portion of flying since the COVID-19 outbreak has been by new customers relocating to second homes or evacuating family members.
Through the first 29 days of March, flying dropped 29.4%
That’s after private flights were only off 5% in the first 10 days of the month
A just-published white paper from Argus TRAQPak shows the dramatic drop in private aviation flights. It also paints a difficult picture looking forward.
