Demand levels for private jets could spike 150%, says Wheels Up’s CEO

Kenny Dichter Wheels Up

Private aviation could see record demand in the coming months, says Wheels Up’s Kenny Dichter

Speaking on Dow Jones Marketwatch, Wheels Up’s Kenny Dichter says he thinks “when business travel and traditional vacation come back online, you may see 125%, 150% sort of demand levels.”

Air Partner flies COVID-19 relief charters to 173% profit gain

blue and yellow graph on stock market monitor

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.

Biden, Buttigieg urged not to hamstring private jets amid reports of domestic COVID travel restrictions

covid travel restrictions

The National Air Transportation Association wrote the President and Transportation Secretary, “We cannot afford to shackle an industry that not only empowers countless businesses across the country and offers essential services”

In a letter to President Joseph Biden and Transportation Secretary Peter Buttigieg, National Air Transportation Association CEO Timothy Obitts warned that if domestic travel restrictions are extended to private aviation, it will hamstring the economy.

NBAA urges Yellen to expedite payroll support for private jet operators

private jet payroll support

While major airlines have already received Payroll Support Program (PSP) commitments, private aviation operators are still waiting

The National Business Aviation Association has joined the Helicopter Association International, National Air Carrier Association, National Air Transportation Association, and the Regional Airline Association, urging U.S. Treasury Secretary Janet Yellen to expedite assistance for commercial general aviation and regional air carrier operators.

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