The unit of Vista Global is tapping into the increased demand of affluent consumers to fly by private jet beyond their own residences
What goes together like kike rama lama lama ka dinga da dinga dong? Lately, it seems private jet providers and luxury resorts and retreats. Leading private aviation provider XO (a merger of the former XOJET and JetSmarter last year after its acquisition by Vista Global), is continuing to expand its value-added offers who its jet membership and on-demand private jet customers.
Here’s how the U.S., U.K., Canada, Australia, Mexico and other top business aviation markets performed during the coronavirus pandemic
An analysis of private aviation departures from WingX data by Private Jet Card Comparisons reveals a wide disparity in how COVID-19 impacted private jet travel on a country-by-country basis.
There was only one country that saw departures increase during the period and at the bottom of the list, 10 countries saw flying less than 50% of 2019 totals.
Looking at the 50 countries and territories with the most private aviation departures between March and July 2020, Nigeria’s private flights are at 103% of 2019 levels, up 3%.
Still, it was a bumpy ride powered by a 57% increase in flights during July. During the five months of data reviewed, Nigeria’s private aviation departures were ahead of 2019 levels in four months, although April departures dropped 73%.
Argus TRAQPak has revised its previous estimate expecting a 40% to 60% decline downwards
Data from Private Jet Card Comparisons in April shows an increased interest in private aviation membership programs
Signs indicate private aviation may attract new fliers who previously didn’t see the value, but now want to reduce exposure to COVID-19 Coronavirus
Headwinds for business aviation are expected to be even more fierce than predicted just last week. Back then, Argus TRAQPak predicted the private aviation flights in April would be between 40% and 60%.
In an update just released today, its analysts now expect a 67.3% decline this month.