Young UHNWs and billionaires are powering sales of large private jets

billionaire private jets

Ultra-High Net Worth private aircraft buyers under the age of 50 favor large-cabin private jets by a margin of 31 percentage points

Young Ultra-High Net Worth buyers like it big when it comes to their private jets. That’s according to a just-published market outlook for pre-owned aircraft sales by broker Jetcraft. It found 81% of buyers under 50 take large-cabin private jets compared to just 50% of older customers.

Did a VistaJet client pay for private jet flights with a $21.6 million house?

VistaJet

VistaJet recently launched a program allowing clients to pay after they fly. A Bloomberg report suggests the private jet charter company will accept your house as payment

In addition to its fleet of silver bullet Bombardier Globals with distinctive red cheat lines that can be seen at airports from New York, London, and Geneva to Aspen, Bali, and countries whose capitals you probably can’t name for, say $21,6 million, VistaJet is known for its unabashed approach to the ultra-high net worth lifestyle and innovative marketing programs.

COVID-19 raises illegal charter concerns a year after Sala’s deadly plane crash

are private jets safe

As private jet travel attracts price-sensitive newcomers, illegal charters with unqualified pilots and aircraft are creating new dangers

“We’ve just got done with a case..The PIC (Pilot-in-Charge) was not typed in the aircraft and the SIC (Second Officer-in-Charge) was a student pilot with less than 50 hours. That’s one of the most unsafe things I’ve seen. This stuff goes on. It happens.”

– FAA Inspector

Back in 2016, I was visiting the headquarters of Jet Linx Aviation in Omaha, Nebraska. Walking with its CEO Jamie Walker between a series of meetings, he suggested I write about illegal charters. He said it was a subject he didn’t think was getting enough attention.

Wheels Up buys Gama Aviation Signature growing its fleet to over 300 private aircraft

Wheels Up

The acquisition follows the purchase of Delta Private Jets, Travel Management Company, and Avianis, and squares it up against NetJets

Wheels Up is looking to move closer to NetJets and pull away from Directional Aviation and Vista Global Holdings. Its acquisition of Gama Aviation LLC this morning gives it over 300 owned and managed aircraft.

Gama Aviation Signature, as it is known, already was managing the Wheels Up fleet of King Air 350i, Citation Excel/XLS, and Citation X aircraft.

It follows its acquisitions of Travel Management Company last June and Delta Private Jets, completed in January.

Should you charter a private jet online?

private jet rental

After years of claims about Uber for private jets instant booking technology, it’s finally arriving. Should you book a private jet online?

After years of claims about Uber for private jets instant booking technology, it’s finally arriving. But should you use it?

Many of the broker websites and apps promising online bookings were nothing more than electronic request forms.

But that’s changing, and increasingly, you may find yourself able to rent a private jet or turboprop digitally from a broker or platform, and without much human oversight, or at least human oversight looking after your interests.

VistaJet is using fine dining to highlight its high-quality approach to the market

A new Chairman’s Menu is being rolled out to help underscore that for a segment of the market private jet travel is not a commodity

 

Aldo Gucci of the famed fashion house once said, “The quality is remembered long after price is forgotten,” a phrase also attributed to Sir Frederick Henry Royce, co-founder of Rolls-Royce. The carmaker is also credited with the lesser known, “Take the best that exists and make it better. When it does not exist, design it. Accept nothing right or good enough.” Either would have fit in nicely at VistaJet, the global private jet operator which has carved a niche by targeting customers who want more than just a private jet. 

Guest Column: Private Aviation Offers A Solution To Laptop Ban

The UK and US have launched a new in-flight cabin ban on electronics such as laptops, iPads and more. For UK passengers these devices are banned from hand luggage on all inbound flights direct from Turkey, Qatar, Lebanon, Jordan, Egypt, Tunisia, Morocco, Kuwait, United Arab Emirates and Saudi Arabia. For the US the rules apply to all inbound flights from Jordan, Egypt, Turkey, Saudi Arabia, Kuwait, Morocco, Qatar and the UAE. Jeremy Palmer of private jet broker Hunt & Palmer tells how private aviation can help companies that are impacted. 

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