From SPACs to COVID, Brexit and lawsuits, a Bear’s view of private jet trends

Corporate Jet Investor Town Hall

The former CEO of the Air Charter Association says rosy talk about a private jet boom doesn’t match reality

If you work in private aviation, you might want to leave that bottle of champagne on ice. Former Air Charter Association boss David Edwards says it’s too early to pop the cork despite the tsunami of positive media reports and press releases.

Vista Global buys charter broker Apollo Jets, private jet operator Talon Air

Thomas Flohr

XO and VistaJet parent Vista Global Holding is acquiring on-demand private jet charter broker Apollo Jets and Part 135 operator Talon Air

Talon Air is the 14th largest charter operator in the U.S. It expands Vista Global into aircraft management

In 2018, it bought XOJET. JetSmarter came in 2019. Last year Dubai-based holding company Vista Global Holding snapped up Red Wing Aviation. Now the parent of VistaJet is acquiring on-demand charter broker Apollo Jets. It is also gaining 49% of Apollo’s 70% interest in Part 135 operator and management company Talon Air. The latter is the 14th largest U.S. charter operator based on flight hours, according to Argus TRAQPak.

Florida private jet flights surge, Texas drops

Florida private jet flights surge in February 2020

Private jet activity in the U.S. reached 93% of 2020 levels during the first three weeks of a weather impacted February.

January private jet charter flight slip into the black

January 2021 private jet activity report

While Part 91 and 91k fractional private jet operators remained in the red, Part 135 charter operators eked out a 0.3% gain over 2020 January flight activity

Part 135 private jet charter operators saw black in January as the rest of the industry remained looking at red numbers, according to Argus TRAQPak.

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