Don’t believe articles that technology is lowering private jet prices. Promises of cheap private jet travel are often based on misleading press releases and a lack of knowledge
Promises of cheap private jet flights invoking Uber analogies and claiming technology breakthroughs that lower charter costs are common themes of uninformed coverage. The articles are wrong. Apps don’t impact how much you will pay. In fact, most online pricing tools for private jets don’t even give you hard quotes. They are simply tools to capture your contact information so sales reps can follow-up.
Much of the charter rates you see online are estimates. And for every slick app, you’ll find if you aren’t familiar with the industry’s ins and outs, it’s easy to make big mistakes when buying private flights. With COVID-19 causing more consumers to shop for private aviation options, if you are serious, buyer beware.
An untapped market of consumers who can afford private travel, a safer way to fly, and a robust rebound seem to be setting up private jet travel providers for a continuing recovery
Private aviation has been tracking to better than 80% of pre-COVID-19 levels for nearly three months. In October, jet card and on-demand charter flights were at nearly 95% of 2019 activity, and fractional fleet operators were 89%.
Data from Argus and WingX shows private jet charters drew within 10% of pre-COVID-19 levels for the first time last month
Data from Argus shows Part 135 private jet charters continued to push the recovery of business aviation last month. In October, there were 802,054 flights, 8.7% below 2019 levels. That includes 14 days in which traffic was higher than the same date last year.
Tracking by JSSI shows an 87% spike in private jet flight hours, bringing activity to within 22% of 2019 levels
Average flight hours of private jets tracked by JSSI rebounded by 87% in the third quarter, although they remain 22% behind 2019 numbers.
The medical transport and security membership provider has added Costa Rica to its service area
As of November 1, 2020, Costa Rica will open its borders to U.S. travelers and no longer require a negative COVID-19 test result to enter the country.
New research from Tuvoli shows how COVID-19 has altered the travel patterns of private jet users
An analysis of FAA flight data by Tuvoli, a platform that expedites payments between private jet charter brokers and operators, reveals how COVID-19 is impacting where America’s most affluent folks are hanging out, or at least those that use private jets.
Hint: It’s not the big city!
The latest WingX weekly tracking report shows private jet travel continues to hold onto its recovery despite the resurgence of COVID-19 and fewer UHNW events
Global business aviation activity is down by 15% through most of October 2020 compared to the same period in 2019. However, 15% down is the new up if you are in a travel-related business, for sure.