The two largest players in fractional ownership of private jets saw significant growth in 2019
NetJets and Flexjet, the two largest players in the fractional ownership market, both recorded strong performances in 2019, measured by flight hours.
According to data released by Argus Traqpak, for the total fractional market, flights and flight hours grew 5.9% and 7.9% respectively, when compared to 2018.
Business Jet delivers reached their highest total since 2009, according to the General Aviation Manufacturers Association
Many of the new aircraft will find their way to both fleet and fractional operators providing access to shareowners and jet card customers
Glory days, well, they’ll pass you by
Glory days, in the wink of a young girl’s eye– Bruce Springstein
No doubt, many of those involved in manufacturing private jets recall fondly 2008. That’s when the industry delivered 1,317 new business jets. It was an increase from 2007’s then-record mark of 1,137 new private jets delivered. That busted the 2006 numbers, also a then-record of 887 units delivered.
With the Great Recession, deliveries of new private jets dropped to 874 units in 2009, even more to 767 in 2010, then 696 in 2011, before bottoming out in 2012 at 672 aircraft.
The global non-ownership private jet provider is extending its partnership for a second year
Ever active in its marketing, VistaJet announced it will continue its partnership with Scuderia Ferrari for a second year as official supplier of private jet travel.
In a press release, the private jet fleet operator said, “With the ever-demanding race calendar and often only days between Grands Prix, the team faces challenging timelines. VistaJet will support the team to optimize their travel and transfer times throughout the 2020 Formula One season.”
Adam Twidell, boss of Directional Aviation OneSky’s on-demand private jet charter broker, sees business aviation making headlines next year
Adam Twidell, CEO of digitally forward private jet broker PrivateFly, recently had his crystal ball out for a look at 2020’s biggest bizav headlines.
Speaking of the past 12 months closer to home, he says, “It’s been an eventful and exciting year here at PrivateFly. Under OneSky, 2019 has seen us double our global presence and start to evolve to reap the benefits of being part of a wider group for our clients, suppliers, and partners.
With a range of 7,700 nautical miles and eight sleeping berths, VistaJet says the Global 7500 is a game-changer
The ultra-long-range private jet retails for $73 million
VistaJet is offering guaranteed availability and fixed rates without ownership via its Program membership
NetJets will introduce its version of the Global 7500 to the fractional market in 2021
Last month VistaJet announced its first Bombardier Global Express is available for customers to charter beginning in January. It also said it may have six in the fleet by the end of 2020 and could add six more by 2021.
The timing gives it at least a year’s headstart over rival NetJets, the largest operator of private jets in the world.
Now VistaJet is releasing more details on cabin configuration, both daytime and for sleeping,