For the first seven days of June Part 135 flights reached 68% of 2019 levels while fractional flying was at 65%; Airline passengers rebounded to 15% of last year’s totals
The most recent data from Argus and the TSA shows private jet travel’s strong rebound while passenger counts for airline flights remained at just 15% of 2019 levels, although also gaining.
While airline passenger counts stayed at just 12% of last year’s holiday weekend, the private jet travel rebound continued
From the Wednesday prior to Memorial Day through Tuesday, the number of passengers who passed through TSA checkpoints hovered at just 12% of 2019 levels.
During the same period, fractional and charter operator flights surged to 58% of 2019 levels, continuing an upward trek. The data from Argus affirmed the rebound for private jet operators, which just last month had seen flying drop to just 20% of last year’s level as the Covid-19 stay-at-home orders ground travel to a virtual halt.
The midsize private jet is the first in Flexjet’s $1.4 billion order made in October
Flexjet said it has taken delivery of its first Embraer Praetor 500. It is part of a $1.4 billion order announced in October with Embraer Executive Jets. The order includes the Praetor 500 and 600 aircraft and Phenom 300 light jets.
Flexjet is the fleet launch customer for the Praetor 500, expanding its fleet of midsized aircraft. It is also the North American launch customer for the Gulfstream G700.
Fractional ownership or leasing of a private jet is a big decision. We give you a comprehensive overview of factors that will guide your decision
Fractional ownership and leases sit between full ownership and jet cards or on-demand charter in the hierarchy of private aviation solutions
How does it work, what are the costs, and when you should consider fractional ownership and leases?
What can you negotiate?
Having read and reviewed dozens of articles that cover fractional aircraft ownership, I find many of them somewhat misinformed. The typical approach is to espouse fractional ownership as the ideal solution if your annual flying ranges between 50 and 400 hours.
Said articles recommend full ownership if you fly more than 400 hours, jet cards for 25 to 50 hours, and on-demand charter for less than 25 hours of flying.
I don’t want to say these generalizations are wrong. They’re just overly simplistic and can lead you to make a decision that might not be the best fit.