Private Jet Card Comparisons - Know Before You Buy
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According to TRAQPak’s review of the year over year flight activity for October 2018 versus October 2017, there was an increase of 0.9%. The results by operational category were mixed with fractional activity posting the largest yearly increase, up 4.4% year over year. Part 91 activity posted an increase of 1.8%, while Part 135 activity declined for the fifth straight month, down 1.7%.
While the economy is booming, it apparently won’t have much impact on how many folks will be taking a private jet home for the holidays or away for vacation this year according to the ARGUS TRAQPak 2018 Holiday Business Aircraft Activity Forecast. From December 22 to December 31 the expectation is a year over year decrease at 0.6%. Slightly more people will be flying during the Thanksgiving break with a thin increase of 1.1% over 2017 projected. The forecast comes after September business aviation flying dipped in September due to a slow Labor Day and Hurricane Florence.
It was a September not to remember, at least for business aviation, according to TRAQPak’s review of year over year flight activity which revealed a 5.2% year over year decline. According to a press release, the results by operational category were mixed with fractional activity providing the only yearly increase, up 1.1% year over year. Part 135 activity (on-demand charter and jet cards) posted a large drop of 10.0%, while Part 91 activity recorded a decline of 3.1% for the period. The aircraft categories were all negative with light jets posting the largest decline from 2017, down 8.1%. Large jets posted a decrease of 6.8%, while mid-size jets posted a 2.5% year over year decrease. Turboprops decreased 4.7%.
TRAQPak’s review of year over year flight activity (August 2018 vs. August 2017) indicates that August 2018 recorded an increase of 2.1%. The results by operational category were mixed with Part 91 activity providing the largest yearly increase, up 3.8% year over year. Part 135 activity followed with a gain of 0.4%, while Fractional activity recorded 4 fewer flights than 2017 to finish flat for the period. The aircraft categories were mostly positive with mid-size jets posting the largest gain from 2017, up 4.2%. Large jets posted an increase of 1.9%, while light jets posted a 1.6% year over year decrease. Turboprops increased 3.1%.
Bigger was better, at least when it came to on-demand and jet card charter in May as flight activity with large jets spiked 11% year-over-year. It was the opposite of fractional share flying where large jet activity plunged 21.9%, according to ARGUS TRAQPak.
