Business aviation executives say private jet rentals and jet memberships will lead the industry’s recovery
During a Corporate Jet Investor webinar business aviation executives were extremely bullish on one segment. Charters of private jets on-demand or via jet cards and memberships will be at the leading edge of the recovery, they said.
I’m not getting back on a commercial aircraft until they get a vaccine– Brad Harris, Dallas Jet
“The charter market will be very strong,” said Steve Fasano, CEO of The Jet Business.
Association of private jet brokers IADA reports 54 used aircraft transactions so far in March despite the Covid-19 Coronavirus crisis
Members of the International Aircraft Dealers Association (IADA) said members completed 54 transactions between for the month as of March 20th. Additionally, there are over 120 aircraft, under contract, subject to closing.
The news comes as the Covid-19 Coronavirus pandemic is playing havoc on the world stock markets with demand for travel in general plummeting.
“The next three weeks will really be busy,” says its CEO Brian Proctor
Mente Group’s business outlook regarding pre-owned business
jet sales and purchases for the remainder of 2019 is active, according to a
Mente Group is a leading broad-based consulting firm that
specializes in used aircraft transactions.
“With more aircraft on the market recently, buyers and
sellers are seeking to make deals before the end of the year to hedge against
the economic, political and tax uncertainties that 2020 might bring,” says
Mente group president and CEO Brian Proctor.