Charter, Fractional jet flights gain over private flying

private jet

Part 135 charter and Part 91K fractional flying surged to 54.3% of all North American private aviation flight hours during the first half of 2021

The share of flight hours operated under Part 91 – non-commercial flights conducted for the aircraft owner – continued its decade-long decline during the first half of 2021.

Biggest Private Jet Operators of 2020 led by NetJets, Flexjet, Wheels Up and Vista Global

NetJets Flexjet

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.

Possible optimism as forecasters predict private jet travel to drop 67% in April

NBAA cancels 2020 trade show and conference

Argus TRAQPak has revised its previous estimate expecting a 40% to 60% decline downwards

Data from Private Jet Card Comparisons in April shows an increased interest in private aviation membership programs

Signs indicate private aviation may attract new fliers who previously didn’t see the value, but now want to reduce exposure to COVID-19 Coronavirus

Headwinds for business aviation are expected to be even more fierce than predicted just last week. Back then, Argus TRAQPak predicted the private aviation flights in April would be between 40% and 60%.

In an update just released today, its analysts now expect a 67.3% decline this month.

Fractional activity posts strong first-half gains as Part 135 dips

Private jet flying by fractional fleet operators posted a 6.2% gain while on-demand charter and jet card flights dipped 2.2% as the market overall gained 0.3%

Flight activity for the first half of 2019 was up 0.3% compared to the same period in 2018, however, it was a varied report when it came to where the gains came from. Flight hours were up 0.7% during the same period.

private jet activity first half 2019
Private aviation flight activity was up 0.3% in the first half of 2019, according to Traqpak

Flying by fractional fleet operators was the star in the first half of 2019, according to an analysis of private aviation flying by Traqpak. Fractional activity reported the strongest mid-year gain, up 6.2% during the first six months of 2019. Part 91 flight activity was up 0.7%, while Part 135 flight activity, which represents on-demand charter and jet cards, was down 2.2% for the period.

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