Charter brokers are navigating new rules of engagement for sourcing your private charter flights. It impacts what you pay and how you fly
Brokers who sell on-demand private jet charter flights say it’s not just availability and price that’s an issue. Record demand has changed the ways jet owners and the operators who manage their aircraft and sell charter flights are working.
Here’s our comparison of on-demand charter pricing to jet cards with fixed or capped rates and guaranteed availability
In the never-ending question about how to fly privately as cheaply as possible, the scale is now seemingly tilted to jet cards. That’s despite price recent increases. In 25 of the 30 examples, we analyzed, flying with a jet card would cost less. The average savings per flight was $5,693.
Hourly rates for guaranteed availability jet cards with fixed pricing increased just 0.1% since May
With record demand and tight supply, jet cards with fixed rates and guaranteed availability could prove more attractive to those of you who charter on a flight-by-flight basis.
NetJets stayed firmly in the top spot among U.S. private jet operators as Wheels Up zoomed from 11th to 3rd place, while Flexjet, Vista Global, and Jet Linx each made gains
Charter (Part 135) and Fractional Operator (Part 91k) flights accounted for 52.5% of total U.S. private aviation flight hours, pushing Part 91 flying below the half-century mark for the first time, according to Argus TRAQPak data dating back to 2007
The 10 largest U.S. charter and fractional operators accounted for 44.3% of Part 91k/135 activity and 23.2% of total business aviation flight hours
TRAQPak’s 2021 forecast indicates full recovery tilted towards second-half
The takeaways from the 2020 Argus TRAQPak annual review of private jet activity in the U.S. underscores two key trends: Consolidation and acceleration of what has a nearly decade-long move from full private jet ownership to fractional shares, leases, jet cards, and on-demand charter. Looking ahead, Argus analysts don’t expect the total industry to return to pre-COVID-19 numbers until the second half of 2021.