Vista Global’s deal yesterday with Red Wing that brings it 15 light jets to XOJET is the latest and doesn’t look to be the last
In just over 3 years, we’ve tracked over 50 deals, fundraises, launches, and bankruptcies
(Updated Jan. 11, 2021) The COVID-19 crisis may be bringing the already simmering mergers and acquisitions market for private jet operators and brokers back to a boil.
Despite consolidation, the 25 largest Part 135 and 91K operators account for only 25% of the U.S. private jet market
Why you won’t find Wheels Up when you look at lists of private aviation operators
Sizing the U.S. private jet market between Part 91, Part 91K fractional and Part 135 charter operators
8 of the 10 largest companies are led by the founder or family member
Here’s a big difference between the private jet market and the airlines. Just 10 airlines account for 90% of the domestic market for scheduled passenger traffic. Four companies – Delta Airlines, American Airlines, United Airlines, and Southwest Airlines – are responsible for two-thirds of U.S. flights.
Despite consolidation, business aviation remains fragmented. An analysis by Private Jet Card Comparisons of various reports from Argus TRAQPak and other data shows the 25 largest operators of charter and fractional fleets together account for just 25% of all U.S. flying.
Top 25 private jet charter operator Dumont Aviation is the latest jet card provider to get payroll support
Updated: Our Private Jet Operator CARES Act Relief Scorecard shows how much the 25 largest U.S. fractional and charter operators received in payroll support
Delaware-based Dumont Aviation has received just under $3 million in payroll support as part of the CARES Act. The operator of owned and managed private jets ranks 24th for flight hours in the U.S. among Part 135 and 91k operators, according to Argus data (table below).
The private jet charter operator is part of Vista Global Holdings, which includes VistaJet and brokerage arm XO
Our Private Jet Operator CARES Act Relief Scorecard shows how much the 25 largest U.S. operators received in payroll support
Ft. Lauderdale-based XOJET Aviation is the latest of the major private jet charter and fractional share players to have signed an agreement to receive funds as part of the CARES Act. It entered into an agreement with the Treasury Department last month providing $13.1 million.
While airline passenger counts stayed at just 12% of last year’s holiday weekend, the private jet travel rebound continued
From the Wednesday prior to Memorial Day through Tuesday, the number of passengers who passed through TSA checkpoints hovered at just 12% of 2019 levels.
During the same period, fractional and charter operator flights surged to 58% of 2019 levels, continuing an upward trek. The data from Argus affirmed the rebound for private jet operators, which just last month had seen flying drop to just 20% of last year’s level as the Covid-19 stay-at-home orders ground travel to a virtual halt.
NetJets and Directional’s Flexjet and Flight Options account for 85% of fractional fleet flying, according to Argus Traqpak
There’s a reason for optimism in Ohio this weekend. The state is home to NetJets and Directional Aviation’s Flexjet and Flight Options, which combined account for 85% of North American fractional flight activity.
The two largest players in fractional ownership of private jets saw significant growth in 2019
NetJets and Flexjet, the two largest players in the fractional ownership market, both recorded strong performances in 2019, measured by flight hours.
According to data released by Argus Traqpak, for the total fractional market, flights and flight hours grew 5.9% and 7.9% respectively, when compared to 2018.