Private Jet execs bullish on recovery, near-term and into next year

private jet trends August 2020

45% of business aviation executives expect to finish 2020 in a stronger position, compared to just 16% who predict a decline. 92% are very/fairly optimistic about 2021

Major airlines warn that a full recovery may now take into 2024. Business aviation executives say that’s not the case for private jet travel.

A poll of more than 500 attendees at Corporate Jet Investor’s weekly Town Hall meeting showed a confident outlook about the future.

COVID-19 raises illegal charter concerns a year after Sala’s deadly plane crash

are private jets safe

As private jet travel attracts price-sensitive newcomers, illegal charters with unqualified pilots and aircraft are creating new dangers

“We’ve just got done with a case..The PIC (Pilot-in-Charge) was not typed in the aircraft and the SIC (Second Officer-in-Charge) was a student pilot with less than 50 hours. That’s one of the most unsafe things I’ve seen. This stuff goes on. It happens.”

– FAA Inspector

Back in 2016, I was visiting the headquarters of Jet Linx Aviation in Omaha, Nebraska. Walking with its CEO Jamie Walker between a series of meetings, he suggested I write about illegal charters. He said it was a subject he didn’t think was getting enough attention.

Pilots in deadly 2018 illegal charter crash were unqualified

Illegal charter

The Falcon 50 accident killed both pilots and seriously injured the two passengers after overrunning the runway in Greenville, South Carolina

Neither pilot flying the ill-fated Dassault Falcon 50 than overran the runway at Greenville Downtown Airport (GMU) in September 2018 were qualified to operate the flight as a Part 135 charter, according to a final report from the National Transportation Safety Board (NTSB).

FAA clears Jem Air Holdings of illegal charter allegations

Illegal charter

After proposing a $220,000 fine against the Part 135 charter operator in April, the Federal Aviation Administration has said its actions are “no longer warranted”

The Federal Aviation Administration has cleared Raleigh, North Carolina-based Jem Air Holdings, LLC. The update comes just weeks after alleging it operated multiple illegal charters.

Illegal charters, instability face private jet buyers in a shaky COVID-19 travel world

Coronavirus spurs private jet flights

Both existing and new private aviation users are expected to boost the recovery of business aviation. However, they are facing a myriad of new Coronavirus induced issues to deal with

There are signs that private jets will be on the leading edge of business recovery.

Speaking at Corporate Jet Investor’s weekly town hall meeting, Andrew Collins, CEO of Directional Aviation’s Sentient Jet said bookings to cancelations are now running about 10-to-1. It’s a sea change from earlier this month when daily cancelations were outstripping new reservations.

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