Backed by record demand and with no letup in sight, operators from NetJets to niche brokers are announcing ambitious fleet growth targets
Private jet fleet capacity has become one of the industry’s hottest issues. Demand for private aircraft, owned, via charters, jet cards, and fractional shares, continues to surge to record levels. Charter and jet card flights tracking 30% higher than 2019 pre-pandemic levels combined with owners flying their jets more is putting a strain on the system. Supply chain and labor issues impacting the greater economy are impacting the private aviation industry. It’s creating a new reality for private jet flyers.
The addition of the Challenger 350s will double Airshare’s fractional fleet as it eyes expansion into the Northeastern U.S.
Phenom light jet operator Airshare moves into the super-midsize aircraft category, announcing a firm order for three Bombardier Challenger 350s. It adds options for 17 more, meaning it will add as many as 20 new aircraft. Based on Conklin & De Decker’s estimated price of $27 million per unit, the deal is worth $540 million. Airshare currently operates a fleet of 20 Phenom 300s and 100s for its fractional share and jet card program. Additionally, it manages 26 aircraft for owners.
Lenexa, Kansas-based Airshare, has a message for Wheels Up. It’s not democratizing private jet travel. It’s not a platform, and it’s not busy going public. Its message to prospects, however, is clear. It is focused on business travelers, particularly those who are making multiple stops on same-day and overnight trips.
Phenom 300 private jet charter operator GrandView Aviation added bases in Scottsdale and Chicago in 2020
Denver is becoming a hot spot for expansion among private jet operators. Maryland-based GrandView Aviation said it would open a base at Centennial Airport on Feb. 1. It’s the company’s sixth base. In recent years, the Embraer Phenom 300 operator has added Atlanta, Austin, Chicago, and Scottsdale.