Private jet charter broker PrivateFly has released data on charter pricing, as well as preferred cabin size and jet models
While Brexit and some of Europe’s sputtering economies may be making headlines in the business press, Directional Aviation’s PrivateFly said it enjoyed a 26% jump for flights in Europe during the third quarter of 2019, compared to last year.
Adam Twidell, PrivateFly’s CEO said, “Demand growth was generated from new and existing PrivateFly clients, and from our extended OneSky family (and) Our market-leading pricing, including the certainty offered by our fixed-route City Pairs offer on the Nextant 400XTi and Legacy 600.”
The company also released data on charter pricing, as well as preferred cabin size, jet models, and demographics.
According to PrivateFly, the Top 10 destinations for its clients is led by London, followed by New York, Nice, Ibiza, Paris, Milan, Palma de Mallorca, Zurich, Olbia, and Cannes.
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, as well as 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.