Despite consolidation, the 25 largest Part 135 and 91K operators account for only 25% of the U.S. private jet market
Why you won’t find Wheels Up when you look at lists of private aviation operators
Sizing the U.S. private jet market between Part 91, Part 91K fractional and Part 135 charter operators
8 of the 10 largest companies are led by the founder or family member
Here’s a big difference between the private jet market and the airlines. Just 10 airlines account for 90% of the domestic market for scheduled passenger traffic. Four companies – Delta Airlines, American Airlines, United Airlines, and Southwest Airlines – are responsible for two-thirds of U.S. flights.
Despite consolidation, business aviation remains fragmented. An analysis by Private Jet Card Comparisons of various reports from Argus TRAQPak and other data shows the 25 largest operators of charter and fractional fleets together account for just 25% of all U.S. flying.
Jet Edge’s deal for JetSelect brings an 85 strong fleet mainly focused on large-cabin and super-midsize private jets
The merger may mean better terms for large cabin and super-midsize jet card offerings
The old year ended with Delta Air Lines announcing it was merging Delta Private Jets into Wheels Up. When the deal closes, it becomes Wheels Up’s largest shareholder creating a fleet of over 180 aircraft, mainly King Air, light and midsize aircraft.
The new year begins with Jet Edge International, a major player in large-cabin private jets, acquiring JetSelect Aviation. The deal creates a fleet of 85 aircraft.
Last February, Jet Edge announced it had raised $60 million to fund expansion and acquisitions.
Jet Edge, which specializes in the management of large and super-midsize aircraft, says it will use the funds for “a number of strategic initiatives.”
Jet Edge, a major player in the management of super-midsize and large-cabin private jets, said it has secured a $60 million investment from Solace Capital Partners to support its continued growth. The company said it has “grown significantly over the past several years.” It now has a fleet of 50 large-cabin and super-midsize aircraft, including Bombardier, Dassault, Embraer, and Gulfstream jets in its managed fleet with 425 employees.
Goodbye free empty legs and shared flights. JetSmarter 2.0 is a very different but potentially appealing proposition. Will there be a jet card in its future?
JetSmarter’s CEO and founder Sergey Petrossov might debate using the word evolution and certainly feels criticism, including from this reporter, has been unfair. Whether or not the appraisals have been correct is probably one of those YMMV type things. Either way, what’s clear to me is that JetSmarter today and even more so a year from now will be very different than when it took flight in 2013. Back then, you paid a membership fee and then indulged in free seats on shuttles that JetSmarter scheduled. There were also free empty legs where you got the entire plane for as many friends as it could fit. For aspiring private travelers, it was like being a kid in an all you can eat candy store.