Private jet flights are expected to eclipse the 3 million level for third straight year in 2019

There were over 3 million private jet flights in the US in 2018

In 2018 business aircraft flight activity increased just 0.9% after 4.8% and 8.1% growth in 2017 and 2016

In a classic glass half full or half empty analysis, TRAQPak’s 2018 Business Aviation Review noted that while private jet flights are set to exceed the three million mark in 2019 for the third straight year, growth last year was markedly slower. Business aircraft flight activity inched up nine-tenths of a percent, far below the 4.8% growth the industry saw in 2017 and 8.1% gains the previous year. On the negative side, the second half of the year saw declines after positive growth during the first six months.

NetJets compared to Wheels Up 2019

NetJets compared to Wheels Up

The two most searched private aviation companies are surprisingly different

Each month there are over 50,000 unique online searches for both NetJets and Wheels Up. While each play in the consumer solutions sector of the private aviation space, their differences underline something that is often surprising to many, and that is there are significant differences between the various providers.

Executive AirShare rebrands as Airshare with eyes towards Chicago, Nashville and Teterboro

The Kansas-based regional fractional share, lease and jet card company plans to focus on building its Phenom 100 and 300/300E fleet, increase management contracts and enter major markets

 

Executive AirShare is now Airshare, rebranding for what the company calls a “new era of providing the most cost-effective option in private aviation for both business and leisure customers.” In a press release, the company said, “The new name represents the company’s desire to aggressively expand their client base by attracting more leisure customers, in addition to increasing recall among their core business targets. The evolution of the brand reaffirms Airshare’s commitment to shareowners in delivering greater productivity at a lower cost per hour the more they fly.”