NetJets stayed firmly in the top spot among U.S. private jet operators as Wheels Up zoomed from 11th to 3rd place, while Flexjet, Vista Global, and Jet Linx each made gains
Charter (Part 135) and Fractional Operator (Part 91k) flights accounted for 52.5% of total U.S. private aviation flight hours, pushing Part 91 flying below the half-century mark for the first time, according to Argus TRAQPak data dating back to 2007
The 10 largest U.S. charter and fractional operators accounted for 44.3% of Part 91k/135 activity and 23.2% of total business aviation flight hours
TRAQPak’s 2021 forecast indicates full recovery tilted towards second-half
The takeaways from the 2020 Argus TRAQPak annual review of private jet activity in the U.S. underscores two key trends: Consolidation and acceleration of what has a nearly decade-long move from full private jet ownership to fractional shares, leases, jet cards, and on-demand charter. Looking ahead, Argus analysts don’t expect the total industry to return to pre-COVID-19 numbers until the second half of 2021.
After doubling its fleet over the past five years, Nicholas Air says it plans more measured expansion this year
Don’t look for Nicholas Air to make a billion-dollar order with deliveries stretching over six or seven years. The Oxford, Mississippi-based private jet operator and management company will follow up its addition of two new Phenom 300 light jets added directly from Embraer last year. However, it expects to buy for near term needs, head of marketing Peder Von Harten tells Private Jet Card Comparisons.
A top executive from the National Business Aviation Association says don’t expect the Federal Excise Tax holiday to be extended
Congressional leaders in Washington D.C. are still trying to work out additional relief for companies and individuals impacted by the COVID-19 pandemic. Don’t expect an extension of the holiday for the 7.5% Federal Excise Tax (FET).
Let’s make a deal. The M&A market for private jet operators is hot. Over 50 deals, fundraises, launches, and bankruptcies detailed
(Updated Feb. 8, 2021) The COVID-19 crisis may be bringing the already simmering mergers and acquisitions market for private jet operators and brokers back to a boil.