Private Jet Card Comparisons - Know Before You Buy
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Argus TRAQPak’s annual business review of private jet fractional ownership operators in North America shows from the handful of players, NetJets and Flexjet continue to dominate. Together, the top two players control 85.8% of the market based on flight hours.
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%
TRAQPak’s review of year over year flight activity (December 2019 vs. December 2018) indicates that December 2019 recorded an increase of 6.9%. It reverses 2018’s negative trend.
The results by operational category were all positive for the period, with Fractional activity posting the largest increase, up 11.5% from 2018.
Part 135 flight activity (which includes Jet Card flights) saw a 7.1% increase from December 2018, and Part 91 activity reported a rise of 5.5%.
The TRAQPak forecast from Argus indicates a strong start for the new year, at least as it pertains to private aviation flying.
TRAQPak is predicting February to post a yearly gain of 5.9%, while Q1 2020 is anticipated to rise 4.2% year over year.