Despite the drop in private jet travel, VistaJet says it is providing flights to those who need its services
Last month VistaJet, a unit of Vista Global Holdings, announced it would offer short-term month-to-month leases as a response to COVID-Coronavirus pandemic.
“Very weak” private jet charters expected to see “some improvement” in the second quarter
U.K.-based Air Partner offered its third COVID-19 Coronavirus update this morning with news of a £6m profit before tax covering February, March, and April, its fiscal first quarter.
On the news, its stock (LON: AIR) was trading at GBX 49.40 midday in London, down from its 52-week high GBX 102.90, but up considerably from a low last month of just GBX 15.33.
The Berkshire Hathaway fractional jet operator affirmed it does not need government aid
In a letter to NetJets owners sent earlier today, its president Patrick Gallagher outlined company plans due to the COVID-19 Coronavirus pandemic. He said business has been “down significantly.”
Gallagher told customers via email, “…This pandemic is affecting our business to a greater extent than any event since we were founded in May 1964.”
The private jet charter broker has launched a no-deposit charter membership
Long Island, New York-based private jet charter broker Luxury Aircraft Solutions is addressing the COVID-19 Coronavirus pandemic with a completely revamped jet card program.
Argus TRAQPak has revised its previous estimate expecting a 40% to 60% decline downwards
Data from Private Jet Card Comparisons in April shows an increased interest in private aviation membership programs
Signs indicate private aviation may attract new fliers who previously didn’t see the value, but now want to reduce exposure to COVID-19 Coronavirus
Headwinds for business aviation are expected to be even more fierce than predicted just last week. Back then, Argus TRAQPak predicted the private aviation flights in April would be between 40% and 60%.
In an update just released today, its analysts now expect a 67.3% decline this month.