Business aviation executives say private jet rentals and jet memberships will lead the industry’s recovery
During a Corporate Jet Investorwebinar 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.
Private jet companies say the COVID-19 Coronavirus pandemic has generated first-time customers. They may return due to health safety concerns…
It’s not just avoiding fellow passengers in confined spaces of airport terminals and airplanes
A CBC report found nearly half of the surfaces swabbed on airline flights contained levels of bacteria or yeast and mold that could put a person at risk for infection
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.
Argus TRAQPak has revised its previous estimate expecting a 40% to 60% decline downwards
Data from Private Jet Card Comparisons in April shows an increased interest in private aviation membership programs
Signs indicate private aviation may attract new fliers who previously didn’t see the value, but now want to reduce exposure to COVID-19 Coronavirus
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.