Don’t believe that technology is lowering private jet prices. Promises of cheap private jet travel are often based on press releases and lack of knowledge
Cheap private jet flights based on technology that lowers private jet costs is a common theme of the private aviation segment’s coverage by uniformed lifestyle media. The articles are wrong. Apps don’t impact how much you will pay. But it’s easier to pay more than you have to. It’s also 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.
Charter and jet card flights are powering private aviation through a new wave of COVID-19 lockdowns and restrictions, according to WingX
Global business aviation activity is trending down by 19% this November compared to last November, slightly weaker than the October YOY trend, according to WingX.
This month’s trend is in line with the overall decline in the last six months. Private aviation is still holding up much better than scheduled airlines where the activity is down by 62% YOY for the same period.
Despite the increase from 70% to 80% of 2019 activity from June to July, the U.S. recovery is hitting headwinds due to Coronavirus related closures
In the world of private aviation or business aviation, as it is often called, most veterans will tell you, “If things are going great, wait a day or two.”
That may or may not be the case, however, aviation analyst WingX says as Europe’s rebound is getting more pronounced, the U.S. is hitting headwinds.
WingX’s Global Market Tracker shows private jet flights in Europe rebounded to 85% of 2019 levels so far in July
Who needs the Americans? Not Europe’s private aviation segment, at least not at the moment.
With borders opening across the continent earlier this month, WingX’s weekly Global Market Tracker reports private jet flights in Europe to rebound to 85% of 2019 activity.
Star Jets International is the latest private aviation provider to report record results as consumers seek to avoid airlines
New York-based Star Jets International said it started its second quarter with a record of over $1 million in private jet charter bookings in the first half of July.