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.
What are the busiest days of the week and year for private
Traqpak’s most recent analysis of private jet flights for the first half of 2019 reveals both the busiest days of the week and busiest days so far this year.
Despite overall private flight activity growth of just 0.3%, for the first time ever one day averaged at least 10,000 flights per day.
Thursdays were the busiest day of the week average 10,124
flights. Second busiest were Fridays with 9,505 flights followed by Wednesdays
at 9,353 flights on average. Tuesdays averaged 8,744 private flights while
Mondays saw an average of 8,593 flights per day, perhaps indicating many
private fliers tart the week in the office.
While a one-off short flight on a light jet might be had for as little as $5,000, you can also buy a new $70 million ultra-long-haul private jet. We look at the options, including full ownership, fractional shares and leases, jet cards and on-demand charter
The cost of a private jet varies widely, from owning an entire aircraft to chartering on-demand. But what are the options?
Fractional ownership and leases and jet cards have become a popular middle ground, providing convenience and consistent experience in many ways offering the best of either full ownership or on-demand charter.
However, figuring out the right solution isn’t necessarily based only on flight hours. Current U.S. tax benefits of full or fractional ownership can tilt the scale in their favor, particularly if most of your flying is for business.
New delay data on major U.S. airports shows how private jets are an important business tool when traveling to or from big cities, accessing alternative airports that serve business aviation flights
New airport delay data from AirHelp shows that if you are coming or going to the big city and you absolutely have to be there and are traveling on a tight schedule, flying by commercial airlines is akin to playing Russian Roulette. The summary of the worst U.S. airport delays isn’t pretty. In the top 10, if you are traveling to or from Houston, Atlanta, Denver, Dallas and Chicago, plan on your flight being delayed about 20% of the time. Even worse, as each city is a major hub for airline connections, even if you were only planning to transit those airports, you are likely to arrive at your destination late, according to AirHelp.