Wheels Up eyes $1 billion sales mark for 2021

Wheels Up awards

Wheels Up CEO Kenny Dichter says he expects the private aviation provider to hit $1 billion in revenues in 2021 as he eyes future expansion into other luxury goods and services

After acquiring three of the nine largest Part 135 operators and tech platform Avianis, Wheels Up has seen flight activity rebound to pre-COVID-19 levels and is readying for the next chapter to take it beyond aviation, CEO and founder Kenny Dichter told attendees at Corporate Jet Investor Americas 2020 today.

NetJets predicts return to 2019 flight levels by 2021 as private aviation bosses offer a bullish outlook

NetJets, Wheels Up, and Sentient Jet execs tell attendees at Corporate Jet Investor Americas 2020 they expect the private jet recovery to continue through next year

Wheels Up, with the second-largest for-hire fleet behind NetJets, says flying is already at pre-COVID levels. Jet card leader Sentient Jet recently restored pre-pandemic budget levels

Airline CEOs continue to say it could take until 2024 or beyond to recover from the COVID-19 downturn. In a parallel universe, the heads of private aviation’s biggest players painted a far different picture. Bosses at NetJets, Wheels Up, and Sentient Jet each offered bullish 2021 forecasts. They were all speaking at Corporate Jet Investor Americas 2020.

Private jet charter brokers unconcerned by operators going direct-to-consumer

CJI Americas 2020

Three charter brokers will tell attendees at Corporate Jet Investor Americas 2020 this week they are not concerned by the increase in operators launching jet memberships

The bosses at Air Partner, B2 Aviation, and Magellan Jets will tell attendees at the Corporate Jet Investor Americas 2020 conference that brokers do it better during the virtual event starting tomorrow.

More pets are flying on private jets as business travelers stay grounded

PrivateFly Adam Twidell

Driven by a surge in new customers and a focus on leisure travel, pets with wealthy owners are increasingly finding themselves flying privately

The number of private jets flights with pets has doubled since the outset of the COVID-19 pandemic. That’s according to Adam Twidell, CEO of jet card and on-demand charter broker PrivateFly.

Private Jet execs bullish on recovery, near-term and into next year

private jet trends August 2020

45% of business aviation executives expect to finish 2020 in a stronger position, compared to just 16% who predict a decline. 92% are very/fairly optimistic about 2021

Major airlines warn that a full recovery may now take into 2024. Business aviation executives say that’s not the case for private jet travel.

A poll of more than 500 attendees at Corporate Jet Investor’s weekly Town Hall meeting showed a confident outlook about the future.

Storm clouds for the private jet rebound?

August 2020 private jet trends

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.

Illegal charters, instability face private jet buyers in a shaky COVID-19 travel world

Coronavirus spurs private jet 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’s weekly 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.

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