Fractional Ownership 2020 numbers show NetJets, Flexjet control 85% of the market

NetJets Flexjet

Private jet fractional ownership continues to be dominated by NetJets and Flexjet

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.

Private jet travel to lag pre-COVID levels through April 2021

Argus

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%

Private Jet flights jumped 6.9% in December

Traqpak private aircraft flight activity 2019

TRAQPak said the strong end to the year will be followed up with a 5.8% gain in January

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%.

Argus predicts 4.2% growth in private jet flights for Q1 2020

Busiest Private Jet Airports

Also, the busiest private jet airports for the holidays

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.

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