From SPACs to COVID, Brexit and lawsuits, a Bear’s view of private jet trends

Corporate Jet Investor Town Hall

The former CEO of the Air Charter Association says rosy talk about a private jet boom doesn’t match reality

If you work in private aviation, you might want to leave that bottle of champagne on ice. Former Air Charter Association boss David Edwards says it’s too early to pop the cork despite the tsunami of positive media reports and press releases.

Private jet charter brokers face shortages, educating new customers

private jet shortage

The combination of new customers and a return of pre-COVID private aviation users could push private jet charter prices higher by the summer

There could be a shortage of private jets available for the charter market by summer. That’s according to the boss of a leading private jet charter and jet card brokerage. Simultaneously, the industry is faced with the welcome but time-consuming task of educating new consumers about the ins and outs of on-demand charter and jet cards.

Wheels Up eyes $1 billion sales mark for 2021

Wheels Up

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.

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