Private jets’ share of global fixed-wing flight activity has increased to 19% this year compared to 12% prior to 2020, according to WingX
Private aviation accounted for 19% of all fixed-wing activity so far this year compared with 12% for the same period in 2020, according to WingX. That’s despite a year-to-date decline of 8% for private flying comparing with a 24% dive last year. It also reflects the continued swoon for scheduled airlines.
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.
Wing-X’s Global Market Tracker shows the impact of the polar weather on private jet travel trends
Private jet activity in the U.S. reached 93% of 2020 levels during the first three weeks of a weather impacted February.
Analyst Canaccord Genuity restores “buy” recommendation for Air Partner
Air Partner said it is announcing today an update to shareholders, including details of its dividend policy. The move reaffirms its previously reported update from January. That called for a profit before tax of no less than £11.5 million for the year ended 31 January 2021. That compares to £4.2 million from the previous year, a 173% gain.