NetJets and Directional’s Flexjet and Flight Options account for 85% of fractional fleet flying, according to Argus Traqpak
There’s a reason for optimism in Ohio this weekend. The state is home to NetJets and Directional Aviation’s Flexjet and Flight Options, which combined account for 85% of North American fractional flight activity.
After February private jet flights dipped, Argus TRAQPak is projecting numbers to plummet in March from COVID-19 Coronavirus
If there was an early March surge in private jet travel, it was lost and more by the end of the month. Argus TRAQPak is expecting flights to drop by 27.8%.
TRAQPak said the strong end to the year will be followed up with a 5.8% gain in January
TRAQPak’s review of year over year flight activity (December 2019 vs. December 2018) indicates that December 2019 recorded an increase of 6.9%. It reverses 2018’s negative trend.
The results by operational category were all positive for the period, with Fractional activity posting the largest increase, up 11.5% from 2018.
Part 135 flight activity (which includes Jet Card flights) saw a 7.1% increase from December 2018, and Part 91 activity reported a rise of 5.5%.
Despite the strong economy, business aviation saw tepid
growth so far this year, and a decline of 0.5% in June year-over-year
TRAQPak’s June report on private aviation flying reported a decrease
of 0.5% year-over-year as year-to-date flying showed tepid growth of 0.3%.
While new jet sales have remained tepid for years, flying activity had been on the rise until recently with its second year-over-year decline in three months
While fans of Ohio State may have been dismayed their beloved Buckeyes were not selected for the NCAA Football Championship Playoffs, the state’s two native son fractional ownership programs (Columbus-based NetJets and Cleveland-based Flexjet) provided November’s bright spot for private jet flying.