The sister company to Flexjet and Sentient Jet offers on-demand charter and memberships that provide guaranteed one-way pricing
Skyjet today announced that its mobile application now accepts Google Pay, saying it is the first company in the industry to do so. Skyjet introduced Apple Pay to its mobile application in 2015, and according to a press release said the new capability “further cements Skyjet as a pioneer in the private aviation space and marks another milestone for the company surrounding the successful integration of digital currencies.” The release continued,”The new feature provides an added layer of simplicity and efficiency by offering customers another way to instantly book and pay for private jet travel online.”
Jet cards and on-demand charter continue to be the sweet spot of private aviation powered by a 15.1% increase in large jets
TRAQPak’s is reporting year over year flight activity (March 2018 vs. March 2017)
indicates that March 2018 recorded an increase of 2.6%. The results by
operational category were mixed with Part 135 activity, once again, producing
the largest yearly gain, up 7.7%. Fractional activity recorded a slight rise of 0.6%,
while Part 91 activity dipped into the red, down 0.4%. The aircraft categories
were all positive with large jets posting the largest gain from 2017, up 4.7%. Midsize jets followed with an increase of 4.4%, and light jets posted a 0.2% year over year increase. The turboprop segment posted an increase of 1.8%. For Part 135 which includes jet cards and on-demand charter, large jet activity increased 15.1%, followed by mid-size jets at 8.4% and turboprops with 6.4% growth. Light jet activity increased 4.4%
Changes in the private aviation market have blurred the lines between various solutions
Figuring out the best solution for private aviation isn’t necessarily easy or straightforward. It’s estimated up to 50% of users have multiple solutions, which makes sense. Think about owning a jet and using it for business, but you need to get your family to join you for the weekend at your vacation home when coming from a different direction. The likely solution is going to be on-demand charter or jet cards. Making it more complicated, the breadth of various solutions has been changing.
Jet Cards now start at 10 hours, go up to over 100 hours, and include turboprops to ultra-long-range private jets
Buying a Jet Card can be a significant expense running into the hundreds of thousands of dollars per year. Of course, it is less than fractional or full ownership, and you don’t have the same long-term commitment. Buying a Jet Card also frees you up from the time-consuming process of on-demand charter where for every trip you are likely dealing with multiple brokers, examining aircraft profiles, reviewing pricing, including all of the extras, many which are covered by various card programs and so forth. On departures day, if something happens, you need to hope your broker can find some type of backup if something goes wrong, and then you probably have to figure out last minute transfer of funds to the new operator.
The Private Jet Traveler Report 2018 seeks to explain the various private aviation options available to wealthy consumers from full and fractional ownership to Jet Cards, on-demand charter and commercial first class
Researcher Wealth-X and VistaJet, which offers a high-end Jet Card membership program, earlier this week released The Private Jet Traveler Report 2018, a global perspective on who flies privately and how. Since the research was based in part on the VistaJet clientele, I am not sure it represents the entire industry (VistaJet’s sweet spot is long-hauls and 3+ hour trips on SuperMid and Large Jets). However, it does provide some interesting insights into why folks fly privately, none of which may be a surprise to you as a regular user of private jet services, but does dispel a few champagne and caviar myths.