New research shows more upside for private jets

private jet travel trends

The research from Strategic Vision closely mirrors an analysis by McKinsey showing private jet providers have a largely untapped market of affluent consumers

Strategic Vision’s 2021 Pulse of the Industry survey has good news for travel providers, and perhaps, particularly private aviation providers

Holiday flying brings private jet flights to 90% of pre-COVID levels

WingX private jet travel trends

WingX data shows off private aviation’s rebound is still being boosted by holidays and leisure flights

Global private aviation flights in 2020 were down 11% compared to December 2019, according to the latest tracking report from WingX. At its peak of just over 12,000 flights on December 23, the rolling 7-day average daily activity surpassed the previous post-March high point. By contrast, scheduled airline traffic was down by 48% for the month.

COVID-19 Private Jet Trends: More pets, kids, and shorter booking windows

PrivateFly

COVID-19 is not only driving new customers, but more pets, kids and shorter lead times for private jet charter bookings, according to PrivateFly

More new customers, more pets, more kids, and shorter lead times for booking private jet charters. The COVID-19 pandemic has had a major impact on who and where for the private jet market, according to PrivateFly’s annual Private Jet Charter Trends 2020 report.

Private jet travel to lag pre-COVID levels through April 2021

Argus

While private jet flight numbers are expected to show impressive year-over-year gains from March 2021 onwards, they will still fall short of pre-pandemic levels, according to the latest Argus TRAQPak forecast

Argus TRAQPak’s forecast for the first four months is good news, relatively speaking. North American private jet flight hours are projected to increase by 21.6% in March 2021 on a year-over-year basis. In April 2021, Argus expects flight hours to surge by 194.9%

WingX reports November headwinds for the private jet recovery

WingX private jet travel

In November, global private aviation is being hit by lockdowns in Europe and a post-election dip in the United States

Private aviation flights were off 20% year-over-year in the first half of November, according to business aviation tracker WingX. It’s a drop from the minus 15% activity level private flying had settled into since the summer.

NetJets predicts return to 2019 flight levels by 2021 as private aviation bosses offer a bullish outlook

NetJets, Wheels Up, and Sentient Jet execs tell attendees at Corporate Jet Investor Americas 2020 they expect the private jet recovery to continue through next year

Wheels Up, with the second-largest for-hire fleet behind NetJets, says flying is already at pre-COVID levels. Jet card leader Sentient Jet recently restored pre-pandemic budget levels

Airline CEOs continue to say it could take until 2024 or beyond to recover from the COVID-19 downturn. In a parallel universe, the heads of private aviation’s biggest players painted a far different picture. Bosses at NetJets, Wheels Up, and Sentient Jet each offered bullish 2021 forecasts. They were all speaking at Corporate Jet Investor Americas 2020.

Kenn Ricci’s Zanite Acquisition Corp. sets $200 million IPO

Flexjet Sentient Jet Flex Jet

Ricci, who leads Flexjet, Sentient Jets, PrivateFly, and FXAIR parent Directional Aviation, serves as co-CEO of Zanite

Zanite Acquisition Corp. announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit, or $200 million.

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