TRAQPak analysts estimate there will be a 3.8% increase in overall flight activity year over year in February 2018
After having its best year since 2008 with over three million private aviation flights in North America during 2017, 2018 is off to a flying start.
Year over year flight activity (August 2017 vs. August 2016) from TRAQPak data indicates that August 2017 posted a significant increase, up 5.2%. The results by operational category were all positive with Part 135 recording a substantial yearly change, up 10.9%, Fractional activity recorded a rise of 7.0% and Part 91 activity increased 0.9%. The aircraft categories were all positive as well with large & light jets posting the largest gains, up 7.2% & 5.5% respectively. Mid-size jets and turboprops recorded gains of 4.8% & 4.5% in that order.
XOJET and JetSuite have the busiest fleets of any private jet membership programs
The Top 20 Part 135 charter operators by blight hours averaged 448 hours of flying per aircraft compared to the 3,000 to 4,000 hours per year commercial airliners fly, based on the 2016 hours flown and fleet size as reported by ARGUS.
With a big 13.5 % increase in private aviation flight activity from February to March, forecaster TRAQPak is predicting a 4.8% increase in overall flight activity year over year in April 2017.