Health concerns and lower lead price points through private jet membership programs may help boost business aviation
FBOs (private jet terminals) are seeing business down as much as 95%. The overall flight industry was tracking at 80% below 2019 levels in the first two weeks of April. Surprisingly, many in the industry are bullish about recovery.
The two most searched private aviation companies are surprisingly different
Each month there are over 50,000 unique online searches for both NetJets and Wheels Up. While each play in the consumer solutions sector of the private aviation space, their differences underline something that is often surprising to many, and that is there are significant differences between the various providers.
There are over 50 different brands selling private jet memberships. Here’s a look at who’s behind these providers.
Since the Great Recession, the number of jet card sellers has more than doubled. During the same period, annual deliveries of new jets remain about 40% below record levels. The number of national fractional share providers is down to just two, NetJets and Flexjet, both selling jet cards too. In Jet Card Buyer’s Tip #1, we look at the breadth of companies selling jet cards.
While there are reasons to use jet cards and on-demand charter, there are a number of key selling points for jet cards
The age-old question of jet cards versus on-demand charter sees advocates of each dig their heels in. While many jet card providers also sell on-demand charter, many brokers only sell ad-hoc charters and don’t offer a jet card membership option. Their main arguments against jet cards are tying up your money with six-figure deposits and the promise of better pricing. They rightfully point out you need to do due diligence about the financial stability of the company you are giving that money to, or at least make sure there is an escrow account. At the same time, consumers have lost money through bankruptcies of on-demand charter operators.