A leading association executive warns the private jet rebound may not be sustainable
As the warm days of summer move the crisp weather of fall, at least one association boss is warning that the private jet rebound could be set to stall.
David Edwards, CEO of the Air Charter Association, a European trade group representing over 250 brokers and operators, said he is concerned about members hyping the nascent private aviation rebound. He pointed specifically to companies talking up increases in call volume to actual purchase levels of private flights.
Both existing and new private aviation users are expected to boost the recovery of business aviation. However, they are facing a myriad of new Coronavirus induced issues to deal with
There are signs that private jets will be on the leading edge of business recovery.
Speaking at Corporate Jet Investor’sweekly town hall meeting, Andrew Collins, CEO of Directional Aviation’s Sentient Jet said bookings to cancelations are now running about 10-to-1. It’s a sea change from earlier this month when daily cancelations were outstripping new reservations.
Business aviation executives say private jet rentals and jet memberships will lead the industry’s recovery
During a Corporate Jet Investorwebinar business aviation executives were extremely bullish on one segment. Charters of private jets on-demand or via jet cards and memberships will be at the leading edge of the recovery, they said.
I’m not getting back on a commercial aircraft until they get a vaccine
– Brad Harris, Dallas Jet
“The charter market will be very strong,” said Steve Fasano, CEO of The Jet Business.
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.
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.
Other trends include the pilot shortage, struggle of on-demand brokers to offer instant, guaranteed pricing, and desires of jet card buyers for high-touch, high-level service
While a shortage of pilots in business aviation has been pushing up crew salaries by as much as 20%, buyers of jet cards and on-demand charter can look forward to continued favorable pricing, according to executives attending Corporate Jet Investor’s annual Dealmakers Conference being held this week at the Fontainebleau Miami Beach.