Let’s make a deal. The private jet M&A market is hot, but not without risks

Private aviation M&A

Vista Global’s deal yesterday with Red Wing that brings it 15 light jets to XOJET is the latest and doesn’t look to be the last

In just over 3 years, we’ve tracked over 50 deals, fundraises, launches, and bankruptcies

The COVID-19 crisis may be bringing the already simmering mergers and acquisitions market for private jet operators and brokers back to a boil.

Private aviation provider XO adds more discounted luxury travel packages

XOJET luxury private jet vacations

The unit of Vista Global is tapping into the increased demand of affluent consumers to fly by private jet beyond their own residences

What goes together like kike rama lama lama ka dinga da dinga dong? Lately, it seems private jet providers and luxury resorts and retreats. Leading private aviation provider XO (a merger of the former XOJET and JetSmarter last year after its acquisition by Vista Global), is continuing to expand its value-added offers who its jet membership and on-demand private jet customers.

NetJets, Wheels Up, Flexjet, and Vista Global’s XOJET lead the list of Biggest U.S. Private Jet Operators

Largest Private Jet Airlines

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.

NBAA, NATA take CNBC to task for Clay Lacy and CARES Act coverage

Clay Lacy

Two private jet trade groups are accusing the cable network of misrepresenting Clay Lacy and the importance of business aviation

A letter issued yesterday by the top executives of the National Business Aviation Association and National Air Transport Association said CNBC coverage of the CARES Act distorted the impact of Covid-19 on business aviation.

A post on NBAA’s website was titled, “CNBC Distorts Pandemic’s Impact on Business Aviation, Specifically Charter Company Clay Lacy.”

XO (formerly XOJET) posts COVID-19 Coronavirus safety responses

XOJET

All flights performed by XOJET Aviation now require a health questionnaire form completed by each passenger at least 24 hours prior to departure

In certain cases, its private jet passengers may be asked to submit to temperature checks before departure

Jet sharing flights from New York to South Florida are priced as low as $1,390 per seat

Vista Global Holdings (VGH) has posted COVID-19 Coronavirus protocols for both XO and XOJET Aviation, the two halves of the former XOJET.

XOJET customer form

VistaJet renews Scuderia Ferrari partnership

VistaJet Ferrari partnership

The global non-ownership private jet provider is extending its partnership for a second year

Ever active in its marketing, VistaJet announced it will continue its partnership with Scuderia Ferrari for a second year as official supplier of private jet travel.

In a press release, the private jet fleet operator said, “With the ever-demanding race calendar and often only days between Grands Prix, the team faces challenging timelines. VistaJet will support the team to optimize their travel and transfer times throughout the 2020 Formula One season.”

XOJET Aviation relocates to South Florida

XOJET XO

The charter operator was part of last year’s purchase of XOJET Aviation by Dubai-based Vista Global Holdings

XOJET Aviation, which operates the former XOJET fleet of over 40 super-midsize jets is moving to South Florida. It had been based in Northern California since its inception in 2006.

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