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.
Private jet charter broker PrivateFly says the average number of passengers on private jet flights is increasing while the booking window is falling
Private jet travel has been rebounding since hitting its bottom in mid-April, and while there have been lots of anecdotal stories about who is flying, PrivateFly’s Private Jet Charter Trends report covering the April to June period provide deeper insights.
“The allegations…are spurious claims which we emphatically deny,” says Clive Jackson, CEO of the U.K. based private jet broker
In its response, Victor provided bank records of over two dozen payments it says were made to the plaintiff as well as its notice to terminate the agreement dating from 2018.
Defendant Don’t Look Media had claimed to have not received any monies.
(Editor’s Note: Clyde & Co. says it did not issue a statement originally attributed to it in this article. In fact, the statement was provided by Alyssum, a client that Clyde & Co. represents in this litigation.)
Online private jet charter broker Fly Victor, its parent company, Alyssum, and CEO Clive Jackson are hitting back at Don’t Look Media, seeking dismissal of its $30 million RICO lawsuit filed in June over the website URL http://www.privatejet.com.
“Don’t Look Media and (its attorney) Farrow Law are shamelessly exploiting the judicial system to extort monies from Alyssum. This is a despicable act carried out by those that not only wish to damage our company but whose actions can only bring disrepute on the entire private industry,” Jackson told Private Jet Card Comparisons.
While a one-off short flight on a light jet might be had for as little as $5,000, you can also buy a new $70 million ultra-long-haul private jet. We look at the options, including full ownership, fractional shares and leases, jet cards and on-demand charter
The cost of a private jet varies widely, from owning an entire aircraft to chartering on-demand. But what are the options?
Fractional ownership and leases and jet cards have become a popular middle ground, providing convenience and consistent experience in many ways offering the best of either full ownership or on-demand charter.
However, figuring out the right solution isn’t necessarily based only on flight hours. Current U.S. tax benefits of full or fractional ownership can tilt the scale in their favor, particularly if most of your flying is for business.