Don’t believe that technology is lowering private jet prices. Promises of cheap private jet travel are often based on press releases and lack of knowledge
Cheap private jet flights based on technology that lowers private jet costs is a common theme of the private aviation segment’s coverage by uniformed lifestyle media. The articles are wrong. Apps don’t impact how much you will pay. But it’s easier to pay more than you have to. It’s also easy to make big mistakes when buying private flights. With COVID-19 causing more consumers to shop for private aviation options, if you are serious, buyer beware.
An untapped market of consumers who can afford private travel, a safer way to fly, and a robust rebound seem to be setting up private jet travel providers for a continuing recovery
Private aviation has been tracking to better than 80% of pre-COVID-19 levels for nearly three months. In October, jet card and on-demand charter flights were at nearly 95% of 2019 activity, and fractional fleet operators were 89%.
While COVID-19 and lacking airline schedules led many new private jet users to pull the trigger, many say they plan to continue after the pandemic recedes.
Over half of new and returning users to private aviation indicated they expect to continue their private jet travels after the current COVID-19 pandemic ends. That’s according to a preview from a just-completed survey of Private Jet Card Comparisons subscribers.
If flying privately makes travel safer and easier, figuring out private jet rental pricing can be confusing. We explain some of the variations
You want to charter a private jet from New York to Aspen and you want a large-cabin aircraft. A Gulfstream GIV or something similar sounds nice. You want the lowest price, and you notice checking around there is a big variance. Quotes for GIV and G450 types vary by as much as $25,000! You see other large-cabin jets with prices for much less, and then you see prices double your Gulfstream quotes.
65% of the upstart’s customers are new to private jet charter
During an interview on the Fox Business Channel, Andrew Collins, CEO of upstart FXAIR told the audience that two-thirds of its customers are new to the private jet charter market.
As private jet travel attracts price-sensitive newcomers, illegal charters with unqualified pilots and aircraft are creating new dangers
“We’ve just got done with a case..The PIC (Pilot-in-Charge) was not typed in the aircraft and the SIC (Second Officer-in-Charge) was a student pilot with less than 50 hours. That’s one of the most unsafe things I’ve seen. This stuff goes on. It happens.”
– FAA Inspector
Back in 2016, I was visiting the headquarters of Jet Linx Aviation in Omaha, Nebraska. Walking with its CEO Jamie Walker between a series of meetings, he suggested I write about illegal charters. He said it was a subject he didn’t think was getting enough attention.
While airline passenger counts remained 75% below last year’s levels, private jet flights increased 5% during America’s birthday Independence Day holiday in 2020
– The 50 Busiest Private Jet Airports during the holidays
– Airports with the biggest increases and decreases of private jets
– The most popular private jet routes for the July 4th holiday
As airline passenger levels remained 75% below last year, a detailed analysis by Private Jet Card Comparisons of data from WingX shows not only that private jet flights were up year-over-year by 5%, but where they were going.
Normally a niche segment, private jets are becoming more important to the travel and tourism industry, which before the COVID-19 pandemic supported 10% of worldwide jobs.