Private Jet Card Comparisons - Know Before You Buy
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The news continues to be good for the business aviation sector. Last week WingX and Argus reported U.S. private jet travel was approaching 70% of pre-COVID-19 coronavirus levels.
In a letter to NetJets owners sent earlier today, its president Patrick Gallagher outlined company plans due to the COVID-19 Coronavirus pandemic. He said business has been “down significantly.”
Gallagher told customers via email, “…This pandemic is affecting our business to a greater extent than any event since we were founded in May 1964.”
During a Corporate Jet Investor webinar business aviation executives were extremely bullish on one segment. Charters of private jets on-demand or via jet cards and memberships will be at the leading edge of the recovery, they said.
I’m not getting back on a commercial aircraft until they get a vaccine
– Brad Harris, Dallas Jet
“The charter market will be very strong,” said Steve Fasano, CEO of The Jet Business.
With no cure or vaccine for the COVID-19 Coronavirus, the private jet industry is expecting (or hoping for) an influx of new customers when the stay-at-home orders expire and hotels and resorts reopen.
Right now many private jet users are grounded with no place to go. However, they apparently want to get back in the air. Research by Private Jet Card Comparisons shows only 3% of subscribers have canceled summer vacations with no plans to reschedule. It’s also expected those who can afford it, will want to maximize their social distancing while traveling for the foreseeable future.
Private aviation is forecast to be down close to 70% this month. Still, that number cloaks a significant portion of flying since the COVID-19 outbreak has been by new customers relocating to second homes or evacuating family members.
Headwinds for business aviation are expected to be even more fierce than predicted just last week. Back then, Argus TRAQPak predicted the private aviation flights in April would be between 40% and 60%.
In an update just released today, its analysts now expect a 67.3% decline this month.
