Florida bypassed California and Texas to take the top spot for private jet departures in 2020
New Jersey dropped from 4th to 9th place as flights at Teterboro Airport plummeted by 50%
2020 U.S. private aviation flight activity declined 23.9% from 2019, according to Argus TRAQPak
After a 48.9% drop in Q2, private jet flights were just 15.2% below pre-COVID levels in Q4
In a year ravaged by COVID-19 negative growth, Florida had the most private jet departures. It jumped past last year’s leader California and second-place Texas despite a 7% drop in activity. That still compares favorably to the overall market. U.S. private aviation flight activity declined 23.9% from 2019, according to Argus TRAQPak.
Tracking by JSSI shows an 87% spike in private jet flight hours, bringing activity to within 22% of 2019 levels
Average flight hours of private jets tracked by JSSI rebounded by 87% in the third quarter, although they remain 22% behind 2019 numbers.
WingX’s weekly Global Market Tracker is showing the glass may indeed be half full for business aviation
Private aviation, just 15% of the global flights at the start of March, now represents 33% of all departures
Pop the champagne! Global business aviation activity was down by 68% for the period April 1st through May 5th, according to WingX’s closely watched weekly Global Market Tracker survey.
A Bloomberg report shows how tracking your private jet by tail number can make it easy for competitors, spouses, and media to gain intelligence about your not so private flights. What should you do?
“The technology to track these aircraft is cheap and widely available” – David White, vice president of business development at Cirium
Among the many reasons private jets make sense for companies and high net worth individual, you can exclude keeping your travels private, at least if you own a private jet. And forget blocking. It is about to become much more difficult.
The ability to track tail numbers back to the owning company or individual can tip off competitors about possible mergers and acquisition activity you are pursuing. Tracking can also be used by spouses trying to suss out if their partner is having an affair. It is often used by reporters researching stories as well.
For example, Bloomberg this week reported, “In April, a stock research firm told clients that a Gulfstream V owned by Houston-based Occidental Petroleum Corp. had been spotted at an Omaha airport. The immediate speculation was that Occidental executives were negotiating with Buffett’s Berkshire Hathaway Inc. to get financial help in their $38 billion offer for rival Anadarko Petroleum Corp. Two days later, Buffett announced a $10 billion investment in Occidental.”