Through the first 29 days of March, flying dropped 29.4%
That’s after private flights were only off 5% in the first 10 days of the month
A just-published white paper from Argus TRAQPak shows the dramatic drop in private aviation flights. It also paints a difficult picture looking forward.
As airlines reduce flights, it will become more difficult to position pilots on short notice
Like with the airlines, drop in demand due to Coronavirus restrictions is leading some private jet operators to ground aircraft
Both London City Airport and London Heliport have closed for normal private aviation flights
NetJets, VistaJet affirm continued operations in Europe and worldwide
Booking a private jet charter flight in Europe may become more difficult in the coming weeks, especially on short notice. That’s the consensus of several executives from private jet operators and charter brokers who spoke to us. The silver lining is, it’s not a problem yet.
A story last week in Aviation International News was headlined, “BBGA Expects Full Bizav Fleet Grounding Soon in UK.”
The Covid-19 Coronavirus rescue package rescinds 7.5% Federal Excise Tax (FET) for on-demand charters and jet cards
On-demand and jet card charter customers won’t have to pay FET for flights through the end of 2020
Jet card and on-demand charter customers should review invoices to ensure they aren’t being charged the FET
Business aviation in the U.S. is getting some relief as part of the CARES (Coronavirus Aid, Relief, and Economic Security) Act, passed last week by both houses of Congress and signed by President Donald J. Trump.
For consumers, the most noticeable impact is that Part 135 operators (and you) don’t have to pay the 7.5% Federal Excise Tax. The levy applies for domestic flights or flights to and from the U.S. beginning or ending within 225 miles of the border with several exceptions.
The European operator of private jets is cutting back on the countries it is operating to as more governments impose travel restrictions
GlobeAir announced it is restricting operations to United Kingdom, France, Switzerland, Austria, Germany, The Netherlands, Spain, Belgium, and Luxembourg.
Leases start at just one-month instead of the typical 36 months for VistaJet’s Program, its version of a jet card
Many airlines have totally cut or drastically reduced international flights. VistaJet specializes in long-haul and intercontinental private jet flights
The high-end luxury private jet operator is also launching a humanitarian relief plan
VistaJet is launching Dynamic Jet Lease, a new short-term option providing guaranteed access.
Many airlines have been drastically cutting international flights, including grounding all international operations. In other cases, routes that previously had multiple daily nonstop flights are now served only a couple times per week.
VistaJet says the new program offers a short-term lease over one, two or three months. You get a dedicated aircraft and crew positioned at the nearest possible airport to you.