Business aviation’s winning streak of monthly gains ended in June with a slight downturn despite a double-digit increase in jet card and on-demand charter of large jets
TRAQPak’s review of flight activity from June 2018 compared June 2017 shows a decrease of 0.1%. The results by operational category were all red – meaning down – with Fractional activity showing the largest yearly decline, down 0.7% year over year. Part 91 activity followed with a drop of 0.1% while Part 135 activity recorded just six fewer flights than 2017 to remain flat, 0.0%. The aircraft categories were mixed with large jets posting the largest gain from 2017, up 1.5%. Mid-size jets posted an increase of 1.4%, while light jets posted a 0.5% year over year decrease. The turboprop segment posted a decline of 1.9%. Large jet Part 135 traffic was the best performer of June with 11.5% growth while fractional flying of large jets fell 21%
Flexjet offers jet cards featuring the Phenom 300 and Challenger 300, however, it also operates long-range aircraft such as the Gulfstream G650
Fractional private jet and jet card operator Flexjet has issued a list of their most popular destinations, both domestically and in Europe, where their customers are headed for the 4th of July vacation week. The big news is they are increasingly selecting mountain locations over ocean venues.
The fractional jet card and ownership seller continues to be busy on the lifestyle front with luxury travel and real estate partnerships
Yesterday and today we had two separate releases from NetJets, one announcing a new partnership, and a second extending one launched just last year. In the case of the newest addition, it comes within the family of parent Berkshire Hathaway as Berkshire Hathaway HomeServices New England, New York and Westchester Properties saying “agents and their clients will have access to NetJets benefits.”
The Kansas-based fractional jet card seller will use the up and coming hometown quarterback to build awareness a week after opening a base in Denver, home of the archrival Broncos
While last week Executive AirShare announced it was expanding west with a Denver base, today the company announced a multiyear partnership agreement with Kansas City Chiefs quarterback Patrick Mahomes. The agreement follows the recent announcement of a long-term partnership between the private aircraft services provider and the Chiefs. We won’t tell Broncos fans.
With jet fuel prices rising, fuel surcharges may become a factor in choosing a jet card or at least in making sure you know what pricing will be on your monthly invoice after you fly
One of the over 65 variables paid subscribers can compare to more than 250 programs is fuel surcharges. While fuel surcharges that fluctuate monthly are a standard part of fractional ownership and also fractional jet cards, other jet card providers split on fuel surcharges. Some programs have them – others don’t. Those jet card providers generally guarantee the fixed one-way rates they offer for a period of time – generally at least a year.