Both the Coronavirus pandemic and the CARES Act waiving the 7.5% Federal Excise Tax are impacting jet membership costs and terms
To say the past month and a half has been a roller coaster for private aviation would be an understatement.
March started with high hopes. A spike in requests from first-timers who wanted to get to second homes or relocate family members kept activity close to normal.
Argus Traqpak has published its list of the largest private jet rental operators in the U.S. based on 2019 flight activity
Part 135 flights declined 0.6% while flight hours fell by 1.4% in 2019
The report highlights the fragmented nature of private jet charter with the top 25 companies only accounting for one-third of flight hours
Gama Aviation Signature remains the dominant player in Part 135 private jet charter, according to a recap of 2019 activity by Argus Traqpak.
With 103,096 flight hours, it saw a 13% increase compared to 2018, despite an overall decline in the market for commercial private aircraft charter rentals.
Overall, Part 135 flying decreased by 0.6% in flights and 1.4% by flight hours on a year-over-year basis.
The U.K.-based on-demand charter and jet card broker sees strong growth for the U.S. and across many of its sectors
Air Partner is somewhat unique in the field of more than 55
jet card providers we track. It’s publicly traded, albeit in the U.K.
There are other jet card suppliers located within publicly traded companies – Delta Private Jets until its acquisition by Wheels Up, NetJets is owned by Berkshire Hathaway, and Jet Aviation by General Dynamics. However, results aren’t broken out in financials as they are with Air Partner.
Another difference is the diversity of the services it offers, from private and large group charters to freight, fatigue risk management, compliance and safety performance, bird control and wildlife management for airports, plus crisis emergency planning and evacuation.
Jet card and charter operator Jet Aviation has signed a long-term deal with GE Aviation for a safety and fleet modernization program covering the private jets it manages
During the National Business Aviation Association’s annual
convention in Las Vegas, Jet Aviation and GE Aviation said they have signed a
long-term agreement for a comprehensive safety and fleet modernization project
The program covers Jet Aviation’s global fleet of some 300 aircraft, including those from Airbus, Boeing BBJ, Bombardier, Dassault, and Gulfstream. The Jet Aviation managed fleet is split between Part 135 and Part 91.
The lead time to book flights with a jet card varies
(Updated Oct 10, 2019) For those of you that plan in advance, you may not need access to a private jet on short notice, but all things being equal it never hurts. Sometimes, life happens and you need to get from where you are to some other place quickly. Or sometimes, you may need to fly a business colleague or family member on short notice. If you are using your jet card for business, shorter windows can be an advantage.