You might be running an illegal charter (and not know it)

Illegal charter

A $100 million lawsuit your insurance won’t cover could be one accident away

If you are successful enough to own your own private jet, it probably took long hours and lots of hard work.

Chances are, you bought your private jet – or turboprop – because it was a business tool, allowing you to go to multiple locations and out of the way places more efficiently.

Fractional share activity pushes a .07% increase in private jet activity in January

NetJets, Flexjet and the fractional category powered January 2019 business aviation gains

Amid fears of slipping to negative growth, business aviation activity saw a slight gain year-over-year in January

ARGUS TRAQPak’s review of year-over-year flight activity indicates that January 2019 recorded an increase of 0.7%. The results by operational category were mixed with fractional operator activity, again, posting the largest yearly increase, up 4.9% year over year. NetJets and Flexjet make up about 80% of all fractional private jet flights. Part 91 activity posted an increase of 1.0%, while Part 135 activity declined for the eighth straight month, down 0.9%.

Slow Labor Day private jet travel and Hurricane Florence dip private flying 5.2% during September

The strong growth trend for private flying hit a speed bump in September

 

It was a September not to remember, at least for business aviation, according to TRAQPak’s review of year over year flight activity which revealed a 5.2% year over year decline. According to a press release, the results by operational category were mixed with fractional activity providing the only yearly increase, up 1.1% year over year. Part 135 activity (on-demand charter and jet cards) posted a large drop of 10.0%, while Part 91 activity recorded a decline of 3.1% for the period. The aircraft categories were all negative with light jets posting the largest decline from 2017, down 8.1%. Large jets posted a decrease of 6.8%, while mid-size jets posted a 2.5% year over year decrease. Turboprops decreased 4.7%. 

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