A new study shows private aviation travelers brought $436 million while general aviation tenants generated an additional $635 million
A study conducted on behalf of the Tennessee Department of Transportation found no plane, no gain. Or, more specifically, attracting private jets is good for the economy.
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.
– 96% of new private jet travelers plan to continue after the pandemic
– 30% of respondents say domestic terror threats may increase their percentage of private flights away from the airlines
– 68% expect to travel internationally despite new COVID-19 requirements that include private jet travelers
A flash survey of subscribers to Private Jet Card Comparisons found nearly 30% may switch some airline flights to private aircraft amidst concerns about more domestic terror threats in the wake of the riots at the Capitol. The research also found despite the COVID-19 testing requirements for anyone entering the U.S., more than two-thirds expect to travel internationally. What’s more, 96% of respondents who had started or restarted flying privately due to the coronavirus say they plan to continue after the pandemic ends.
Private jet card and on-demand charter broker ACS expects a rebound of business travel, more bookings from travel agents, and instability for the private aviation sector
Air Charter Service has 27 worldwide offices, spanning all six major continents arranging private jet, commercial airliner, and cargo aircraft charters and onboard courier solutions arranging over 23,000 charter flights in a typical year. Recently, Andy Christie, group private jet director, shared his view on the private jet travel outlook in 2021. Below are some highlights.