Part 135 jet card and on-demand charter flights reached 96% of pre-COVID levels in December as the overall market rebounded to 86% of 2019 totals
The latest report from Argus TRAQPak showed Part 135 flying – on-demand charters and jet cards – surged in December, just 3.8% off 2019 flight hours.
These companies launched jet cards and private jet memberships during 2020
Recently, Sentient Jet CEO Andrew Collins told Bloomberg that private jet cards and membership were having a “moment.” Judging by the number of new entrants, the trend is not going unnoticed.
COVID-19 is not only driving new customers, but more pets, kids and shorter lead times for private jet charter bookings, according to PrivateFly
More new customers, more pets, more kids, and shorter lead times for booking private jet charters. The COVID-19 pandemic has had a major impact on who and where for the private jet market, according to PrivateFly’s annual Private Jet Charter Trends 2020 report.
While private jet flight numbers are expected to show impressive year-over-year gains from March 2021 onwards, they will still fall short of pre-pandemic levels, according to the latest Argus TRAQPak forecast
Argus TRAQPak’s forecast for the first four months is good news, relatively speaking. North American private jet flight hours are projected to increase by 21.6% in March 2021 on a year-over-year basis. In April 2021, Argus expects flight hours to surge by 194.9%
Part 135 charter operators saw November year-over-year totals off by just 6.4% while fractional operators were down 14.5% and Part 91 flying was 24.1% below 2019
Argus TRAQPak analysts predict a year-over-year drop in private jet flights of 18.5% during December
The latest Argus TRAQPak monthly report shows Part 135 charter operators are continuing to see the strongest recovery.
Private jet cost and cabin comfort are taking a backseat to COVID-19. Coronavirus related health and safety concerns now top of the list of passenger priorities, according to new research presented by JetNet IQ. The industry has benefited from research showing less exposure risk on private jets compared to the airlines. Operators of private jets have been proactive in rolling out COVID protocols.
Don’t believe articles that technology is lowering private jet prices. Promises of cheap private jet travel are often based on misleading press releases and a lack of knowledge
Promises of cheap private jet flights invoking Uber analogies and claiming technology breakthroughs that lower charter costs are common themes of uninformed coverage. The articles are wrong. Apps don’t impact how much you will pay. In fact, most online pricing tools for private jets don’t even give you hard quotes. They are simply tools to capture your contact information so sales reps can follow-up.
Much of the charter rates you see online are estimates. And for every slick app, you’ll find if you aren’t familiar with the industry’s ins and outs, it’s 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.