Tag: Part 91 activity

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

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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.

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

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

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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%.

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

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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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