Major private jet operators apply for Payroll Support Program Extension Payments

psp support

The Consolidated Appropriations Act, 2021, authorizes the Treasury Department to provide up to $16 billion of payroll support to aviation providers. So far over 500 have applied

The U.S. Treasury Department has revealed the list of aviation providers who have applied for the $16 billion allocated for industry workers’ payroll support.

CARES Act 2: New COVID relief should be open to private aviation

CARES Act 2 private aviation

Private jet operators should be able to tap into the estimated in $15 billion in air carrier support

The newest legislation to provide ongoing COVID-19 relief is estimated to have $15 billion for the airlines. According to a spokesperson for the National Business Aviation Association, that should incorporate Part 135 private jet operators and other companies related to business aviation.

(Updated Dec. 22 @ 7:22 am – A full copy of the HR 133 –  Consolidated Appropriations Act, 2021, can be downloaded at the end of this story.)

FlyExclusive extends FET exempt jet card options

FlyExclusive

The Part 135 charter operator is part of a growing number of jet card sellers extending the 7.5% tax exemption into 2021 and beyond

Add flyExclusive, number nine on our list of largest Part 135/91k operators, to the list of jet card sellers that are providing a carrot to buy a jet card before year’s end.

flyExclusive appoints Yates as COO

FlyExclusive

The private jet operator has appointed Air Force veteran Col. Donn Yates to its leadership team

flyExclusive today announced that it is expanding its leadership team with the addition of Col. Donn Yates to the role of Chief Operating Officer. Yates will use his experience from more than 28 years in the United States Air Force to optimize fleet operations and logistics for flyExclusive as the company continues its growth as one of the largest private charter operators in the U.S., according to a press release.

NetJets, Wheels Up, Flexjet, and Vista Global’s XOJET lead the list of Biggest U.S. Private Jet Operators

Largest Private Jet Airlines

Despite consolidation, the 25 largest Part 135 and 91K operators account for only 25% of the U.S. private jet market

Why you won’t find Wheels Up when you look at lists of private aviation operators

Sizing the U.S. private jet market between Part 91, Part 91K fractional and Part 135 charter operators

8 of the 10 largest companies are led by the founder or family member

Here’s a big difference between the private jet market and the airlines. Just 10 airlines account for 90% of the domestic market for scheduled passenger traffic. Four companies – Delta Airlines, American Airlines, United Airlines, and Southwest Airlines – are responsible for two-thirds of U.S. flights.

Despite consolidation, business aviation remains fragmented. An analysis by Private Jet Card Comparisons of various reports from Argus TRAQPak and other data shows the 25 largest operators of charter and fractional fleets together account for just 25% of all U.S. flying.

FlyExclusive adds Europe, Hawaii, and Alaska

FlyExclusive

After launching a Jet Card program in April, the company is now adding a long-haul Gulfstream GIV-SP on-demand charter option

Plans call for a large-cabin, fixed-rate Jet Card program by year’s end

LGM Enterprises, the parent company of flyExclusive, said it has launched flyExclusive International. The move adds on-demand, long-range global service to its growing portfolio private jet charter and jet card options.

Flyers can now travel to Europe, Hawaii, Alaska, and other points. Customers will have access to Gulfstream GIV-SP aircraft with seating capacity for up to 16 passengers.

Memorial Day weekend fractional and charter private jet flights surged to 58% of 2019 levels

While airline passenger counts stayed at just 12% of last year’s holiday weekend, the private jet travel rebound continued

From the Wednesday prior to Memorial Day through Tuesday, the number of passengers who passed through TSA checkpoints hovered at just 12% of 2019 levels.

During the same period, fractional and charter operator flights surged to 58% of 2019 levels, continuing an upward trek. The data from Argus affirmed the rebound for private jet operators, which just last month had seen flying drop to just 20% of last year’s level as the Covid-19 stay-at-home orders ground travel to a virtual halt.

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