Wheels Up Aircraft Sales enables the private aviation provider to offer one-stop shopping
Jet sharing, empty legs, on-demand charter, fixed-rate jet cards, aircraft management, MRO services, and now full aircraft sales brokering are under the Wheels Up brand
With a powerful digital presence and brand recognition only matched by market leader NetJets, Wheels Up is once again showing it intends to be a driving force in private aviation.
This morning’s announcement of Wheels Up Aircraft Sales puts the company into aircraft brokerage, acquisition, trade, and advisory services.
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.
The new private jets replace previous offerings for the Falcon 2000 and Citation X
Last month we reported NetJets restructured its jet card program eliminating fuel surcharges and cutting prices.
It also added jet cards with the Cessna Citation Latitude and Bombardier’s Challenger 350 and 650 in both its Classic Card (nee Marquis Jet) and Elite Card formats.
Private jet charter operator JetSuite has grounded its fleet of Embraer Phenom 300s and 100s
Sister JSX is continuing a reduced schedule of flights between private jet terminals
Private jet charter operator JetSuite, which sells Phenom 300 jet cards, is halting operations. The move reflects a steep dive in private travel from the COVID-19 Coronavirus pandemic. Closure of many hotels and resorts has meant aside from second homes and emergencies, there are few places to travel.
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.