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.
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.
If money is not an object, you can choose between full and fractional ownership, jet cards or on-demand charter
Having bought my Mega Millions tickets last night, and then checking that my lump sum payout would have been nearly $700 million after taxes, of course, I started to think about what would be the best private aviation solution for my needs. And that’s the most important advice I can give anyone who is shopping for new or used aircraft, fractional shares, and leases, jet cards or just thinking about chartering. There isn’t a one size fits all solution, so writing out where you anticipate flying, with how many people and when is a good start. My second point is perhaps 50% of private aviation users have at least two solutions so don’t fret, you may not find one provider that meets all of your needs.
Over the past two years, the Cleveland-based subsidiary of Directional Aviation has purchased U.K.-based operator Flairjet and jet card and on-demand charter broker PrivateFly
One thing is for sure. Flexjet is growing internationally and Europe is a key focus. Speaking to Guy Johnson and Vonnie Quinn on Bloomberg Markets: European Close on October 12th Flexjet CEO Michael Silvestro noted that Brexit isn’t dampening the Cleveland-based fractional share, lease and jet card provider’s outlook on Europe.
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.”