The Pilatus PC-24 light jet and Gulfstream G700 ultra-long-range large-cabin private jet are drawing the most interest from aircraft buyers when asked about their next purchase
Big is beautiful and small is stunning. That seems to be the message from the latest research by JetNet IQ.
From long-range private jets to single-engine turboprops, new data reveals the most-used private aircraft for 2019
The most popular private jet in the U.S. for 2019 wasn’t a jet.
The Swiss-made Pilatus PC-12 single-engine turboprop was the most popular private aircraft clocking 244,217 flights in 2019, according to Argus Traqpak.
Business Jet delivers reached their highest total since 2009, according to the General Aviation Manufacturers Association
Many of the new aircraft will find their way to both fleet and fractional operators providing access to shareowners and jet card customers
Glory days, well, they’ll pass you by
Glory days, in the wink of a young girl’s eye– Bruce Springstein
No doubt, many of those involved in manufacturing private jets recall fondly 2008. That’s when the industry delivered 1,317 new business jets. It was an increase from 2007’s then-record mark of 1,137 new private jets delivered. That busted the 2006 numbers, also a then-record of 887 units delivered.
With the Great Recession, deliveries of new private jets dropped to 874 units in 2009, even more to 767 in 2010, then 696 in 2011, before bottoming out in 2012 at 672 aircraft.
Fractional ownership or leasing of a private jet is a big decision. We give you a comprehensive overview of factors that will guide your decision
Fractional ownership and leases sit between full ownership and jet cards or on-demand charter in the hierarchy of private aviation solutions
How does it work, what are the costs, and when you should consider fractional ownership and leases?
What can you negotiate?
Having read and reviewed dozens of articles that cover fractional aircraft ownership, I find many of them somewhat misinformed. The typical approach is to espouse fractional ownership as the ideal solution if your annual flying ranges between 50 and 400 hours.
Said articles recommend full ownership if you fly more than 400 hours, jet cards for 25 to 50 hours, and on-demand charter for less than 25 hours of flying.
I don’t want to say these generalizations are wrong. They’re just overly simplistic and can lead you to make a decision that might not be the best fit.
The fractional operator sells shares on its Pilatus PC-12
and now expanding PC-24 fleet
While most people would probably know the nation’s two biggest fractional operators are NetJets and Flexjet, they might be hard-pressed to name number three. That would be New Hampshire-based PlaneSense. And while the two leaders battle it out with Gulfstream G650s and the Global Express, PlaneSense continues to pursue the short to mid-range flight market. Today it announced it has taken delivery of its third Pilatus PC-24, a twin-jet with a range of 2,000 nautical miles, and a takeoff distance of just 2,930 feet, including gravel and grass runways.
The third largest
fractional share provider is putting a push into the jet age
While the popular single-engine Pilatus PC-12 has powered PlaneSense to a position as the third largest fractional share and lease operator in North America, its twin jet brother the PC-24 will likely push the company’s primary service area further west, probably at some point the Pacific Ocean. That day is likely getting loser with the arrival of its second PC-24 which the company said was delivered today.
PlaneSense is launching its first jet fractional share program, but here’s why there will be no jet cards
While New Hampshire based fractional share provider PlaneSense recently moved into the jet age by taking delivery of its first Pilatus PC-24 twin-engine jet, don’t expect the company to begin offering jet cards. Last year, PlaneSense added four Nextant 400XTi jets as a prelude to its first jet fractional program that is being built around the six PC-24s coming online by the end of next year.