A look back at who received CARES Act Payroll Support Payments

CARES Act private aviation recipients

The Payroll Support Program under Division A, Title IV, Subtitle B of the CARES Act provided payroll support to passenger air carriers, cargo air carriers, and certain contractors for the continuation of payment of employee wages, salaries, and benefits. Here’s who got how much

It’s uncertain when there will be more government for the airline industry, and if so, will it extend to the private aviation side?

While the CARES Act payments have been widely credited for helping business jet operators get back on their feet quickly, they also have detractors, including NetJets, the largest private jets operator.

NetJets sweeps all categories in Business Jet Traveler’s annual jet card and membership awards

NetJets reviews

NetJets may be better known for fractional ownership; however, for the second straight year, it is the top-ranked jet card and membership provider in Business Jet Traveler’s 10th Annual Reader Survey awards

Last year, NetJets won five of six categories in Business Jet Traveler’s Annual Reader Survey awards. This year it went six for six.

FXAIR adds FET-free membership option

FXAIR

Aviator + offers customers the ability to deposit unlimited funds that will be Federal Excise Tax-free until you fly through them

Add Directional Aviation’s FXAIR to the list of jet card and membership sellers that offer customers the ability to avoid the 7.5% Federal Excise Tax for 2021 and beyond. Sister brands Flexjet and Sentient Jet earlier announced similar deals.

NetJets predicts return to 2019 flight levels by 2021 as private aviation bosses offer a bullish outlook

NetJets, Wheels Up, and Sentient Jet execs tell attendees at Corporate Jet Investor Americas 2020 they expect the private jet recovery to continue through next year

Wheels Up, with the second-largest for-hire fleet behind NetJets, says flying is already at pre-COVID levels. Jet card leader Sentient Jet recently restored pre-pandemic budget levels

Airline CEOs continue to say it could take until 2024 or beyond to recover from the COVID-19 downturn. In a parallel universe, the heads of private aviation’s biggest players painted a far different picture. Bosses at NetJets, Wheels Up, and Sentient Jet each offered bullish 2021 forecasts. They were all speaking at Corporate Jet Investor Americas 2020.

Kenn Ricci’s Zanite Acquisition Corp. sets $200 million IPO

Flexjet Sentient Jet Flex Jet

Ricci, who leads Flexjet, Sentient Jets, PrivateFly, and FXAIR parent Directional Aviation, serves as co-CEO of Zanite

Zanite Acquisition Corp. announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit, or $200 million.

Let’s make a deal. The private jet M&A market is hot, but not without risks

Private aviation M&A

Vista Global’s deal yesterday with Red Wing that brings it 15 light jets to XOJET is the latest and doesn’t look to be the last

In just over 3 years, we’ve tracked over 50 deals, fundraises, launches, and bankruptcies

The COVID-19 crisis may be bringing the already simmering mergers and acquisitions market for private jet operators and brokers back to a boil.

Sentient Jet reports near doubling in sales as private jets become a ‘utility’

Sentient Jet sales soar

Monthly flight activity has returned to pre-COVID-19 levels, according to jet card broker Sentient Jet, in a television news report

A news report from CBS KPIX5, a San Francisco area affiliate, about the increased interest in private jet travel revealed that surge has continued after the summer.

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