Executive Jet Management joins NetJets halting jet card sales

The third-largest Part 135 operator, EJM has joined NetJets, creating a waitlist for its Ascend membership as demand spikes

Days after NetJets said it was suspending jet card sales across the board, its aircraft management arm Executive Jet Management, known as EJM, is now following suit. Both are owned by Berkshire Hathaway.

NetJets predicts record flight levels as it unveils plans to hire 150 pilots

NetJets safety

After suspending hiring due to COVID, NetJets will now add 150 pilots to support 39 new private jets

NetJets is hiring pilots again. The news came in a joint communication by NetJets’ management and its pilots’ union – NJASAP. The company said it is expecting to reach record flight levels by October. March was a record for North American Part 135 flight activity.

NetJets’ earnings fall on a 27% decline in flight hours

NetJets

Berkshire Hathaway’s Service group, which houses NetJets and Flight Safety, saw revenues drop by $1.15 billion (8.5%) in 2020 compared to 2019. Pre-tax earnings decreased $81 million (4.8%)

The world’s largest private jet operator, NetJets, Inc., saw a drop in flight hours and pre-tax earnings, according to Berkshire Hathaway’s 2020 annual report, released today.

Biggest Private Jet Operators of 2020 led by NetJets, Flexjet, Wheels Up and Vista Global

NetJets Flexjet

NetJets stayed firmly in the top spot among U.S. private jet operators as Wheels Up zoomed from 11th to 3rd place, while Flexjet, Vista Global, and Jet Linx each made gains

Charter (Part 135) and Fractional Operator (Part 91k) flights accounted for 52.5% of total U.S. private aviation flight hours, pushing Part 91 flying below the half-century mark for the first time, according to Argus TRAQPak data dating back to 2007

The 10 largest U.S. charter and fractional operators accounted for 44.3% of Part 91k/135 activity and 23.2% of total business aviation flight hours

TRAQPak’s 2021 forecast indicates full recovery tilted towards second-half

The takeaways from the 2020 Argus TRAQPak annual review of private jet activity in the U.S. underscores two key trends: Consolidation and acceleration of what has a nearly decade-long move from full private jet ownership to fractional shares, leases, jet cards, and on-demand charter. Looking ahead, Argus analysts don’t expect the total industry to return to pre-COVID-19 numbers until the second half of 2021.

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