Flexjet officially launches its fractional share program in Europe by taking delivery of its first super-midsize Embraer Praetor 600
Flexjet’s European arm has officially launched its fractional ownership program there. This week it is taking delivery of its first Praetor 600 super-midsize private jet. It is part of a US $1.4 billion order for Embraer Executive Jets that was announced in October 2019.
The Payroll Support Program under Division A, Title IV, Subtitle B of the CARES Act provided payroll support to passenger air carriers, cargo air carriers, and certain contractors for the continuation of payment of employee wages, salaries, and benefits. Here’s who got how much
It’s uncertain when there will be more government for the airline industry, and if so, will it extend to the private aviation side?
While the CARES Act payments have been widely credited for helping business jet operators get back on their feet quickly, they also have detractors, including NetJets, the largest private jets operator.
NetJets may be better known for fractional ownership; however, for the second straight year, it is the top-ranked jet card and membership provider in Business Jet Traveler’s 10th Annual Reader Survey awards
Last year, NetJets won five of six categories in Business Jet Traveler’s Annual Reader Survey awards. This year it went six for six.
NetJets, Wheels Up, and Sentient Jet execs tell attendees at Corporate Jet Investor Americas 2020 they expect the private jet recovery to continue through next year
Wheels Up, with the second-largest for-hire fleet behind NetJets, says flying is already at pre-COVID levels. Jet card leader Sentient Jet recently restored pre-pandemic budget levels
Airline CEOs continue to say it could take until 2024 or beyond to recover from the COVID-19 downturn. In a parallel universe, the heads of private aviation’s biggest players painted a far different picture. Bosses at NetJets, Wheels Up, and Sentient Jet each offered bullish 2021 forecasts. They were all speaking at Corporate Jet Investor Americas 2020.
An untapped market of consumers who can afford private travel, a safer way to fly, and a robust rebound seem to be setting up private jet travel providers for a continuing recovery
Private aviation has been tracking to better than 80% of pre-COVID-19 levels for nearly three months. In October, jet card and on-demand charter flights were at nearly 95% of 2019 activity, and fractional fleet operators were 89%.
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.
NetJets achieved a three-fold rise in new customers for the year as Berkshire Hathaway reports a 14.3% “aggregate” revenue drop for NetJets and Flight Safety year-to-date
While it’s hard to decipher NetJets‘ financial performance from Berkshire Hathaway’s quarterly reports and other filings, it appears the world’s largest private aviation provider is weathering this recession much better than the last one.