Despite consolidation, the 25 largest Part 135 and 91K operators account for only 25% of the U.S. private jet market
Why you won’t find Wheels Up when you look at lists of private aviation operators
Sizing the U.S. private jet market between Part 91, Part 91K fractional and Part 135 charter operators
8 of the 10 largest companies are led by the founder or family member
Here’s a big difference between the private jet market and the airlines. Just 10 airlines account for 90% of the domestic market for scheduled passenger traffic. Four companies – Delta Airlines, American Airlines, United Airlines, and Southwest Airlines – are responsible for two-thirds of U.S. flights.
Despite consolidation, business aviation remains fragmented. An analysis by Private Jet Card Comparisons of various reports from Argus TRAQPak and other data shows the 25 largest operators of charter and fractional fleets together account for just 25% of all U.S. flying.
The jet card broker has acquired the flight scheduling technology platform
Private Jet Services (PJS) Group, which earlier this month revamped its jet card program, said it has acquired The Flight Exchange (TFX), which it describes as “a cutting-edge technology platform that improves the private flight scheduling experience.”
As part of the acquisition, business aviation veteran Chris Early, TFX’s founder, has joined the executive team of PJS and vice president of sales in the Western U.S.
Private Jet Services (PJS) Group cut its teeth with corporate shuttles, touring rock stars, high octane IPO road shows and politicians whose plans change on a dime. Its relatively new Jet Card offerings are also impressive
New Hampshire-based Private Jet Services (PJS) Group has been around since 2003, but is relatively new to the Jet Card market, launching its program in 2014. Founded by its current CEO Greg Raiff, the company had long focused on live entertainment tours, political campaigns, corporate shuttles and roadshows as well as on-demand charter. Among its customers have been Fleetwood Mac, The Rolling Stones, Beyonce, Maroon 5, Guns N’ Roses and The Rolling Stones. Its sports clients have won 13 Stanley Cups, 10 World Series and eight NCAA Football Championships.