Private jet charter operators ripe for mergers and consolidation

private aviation mergers

Expect more mergers and consolidation with Part 135 private jet charter operators, says one investment bank

The Part 135 private jet charter market is ripe for consolidation and outside investment. That’s according to Brooks Crenshaw, managing director of Balmoral Advisors.

Wheels Up gets $74 million in CARES Act funds

Wheels up CARES Act

Wheels Up Partners Holdings LLC incorporates Wheels Up, Gama Aviation Signature, Delta Private Jets, TMC Jets, and Avianis

If it’s Friday night, it’s a good time to check the Treasury Department’s website for updates about CARES Act awards. Tonight’s reveal showed on June 10 a payroll support agreement providing $74.2 was executed with Wheels Up Partners Holdings LLC.

Argus reveals top Part 135 private jet charter operators for 2019

biggest private jet charter companies

Argus Traqpak has published its list of the largest private jet rental operators in the U.S. based on 2019 flight activity

Part 135 flights declined 0.6% while flight hours fell by 1.4% in 2019

The report highlights the fragmented nature of private jet charter with the top 25 companies only accounting for one-third of flight hours

Gama Aviation Signature remains the dominant player in Part 135 private jet charter, according to a recap of 2019 activity by Argus Traqpak.

With 103,096 flight hours, it saw a 13% increase compared to 2018, despite an overall decline in the market for commercial private aircraft charter rentals.

Overall, Part 135 flying decreased by 0.6% in flights and 1.4% by flight hours on a year-over-year basis.

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