Island Express Helicopters and Jem Air Holdings received $603,838 and $158,775, respectively, from the Treasury Department
Island Express Helicopters, the operator of the charter flight that killed NBA legend Kobe Bryant and eight others, including the pilot, on Jan. 26, 2020, received $603,838 in funding as part of the CARES Act, according to a list published over the weekend by the Department of the Treasury.
Private jet charter operator JetSuite has grounded its fleet of Embraer Phenom 300s and 100s
Sister JSX is continuing a reduced schedule of flights between private jet terminals
Private jet charter operator JetSuite, which sells Phenom 300 jet cards, is halting operations. The move reflects a steep dive in private travel from the COVID-19 Coronavirus pandemic. Closure of many hotels and resorts has meant aside from second homes and emergencies, there are few places to travel.
The National Business Aviation Association in a letter to Congress is highlighting private aviation’s role as a lifeline to small communities and for emergency relief
Survival of some private jet operators may be at stake, according to trade associations
Potential domestic travel restrictions might cause “significant harm” to private aircraft operators
The National Business Aviation Association and several industry groups are urging Congress to preserve general aviation’s contribution to the economy. The move comes as the government considers a relief package to support the country during the COVID-19 pandemic.
With the majority of business aviation air carriers being private companies, their access to capital is more constrained. In the current environment, private equity markets are not able to provide financing, eliminating an important source of liquidity for the industry.”Letter to Congressional leaders from Private Aviation trade groups
Argus Traqpak has published its list of the largest private jet rental operators in the U.S. based on 2019 flight activity
Part 135 flights declined 0.6% while flight hours fell by 1.4% in 2019
The report highlights the fragmented nature of private jet charter with the top 25 companies only accounting for one-third of flight hours
Gama Aviation Signature remains the dominant player in Part 135 private jet charter, according to a recap of 2019 activity by Argus Traqpak.
With 103,096 flight hours, it saw a 13% increase compared to 2018, despite an overall decline in the market for commercial private aircraft charter rentals.
Overall, Part 135 flying decreased by 0.6% in flights and 1.4% by flight hours on a year-over-year basis.
The recent JetLux indictment alleging over $2 million in credit card fraud may have been enabled by bargain hunting customers
Private jet charter brokers are often harangued for not having to disclose their mark-ups. The assertion is they are charging whatever the market will support, and savvy customers can negotiate better deals.
Several websites have launched in recent years connecting consumers directly with jet operators, ostensibly cutting out the middleman or at least the commissions. They claim to offer wholesale pricing making money via membership fees.
Of course, if you use them, you need to be experienced enough to know what questions you should be asking the operators to ferret out the flowers from the weeds.