An untapped market of consumers who can afford private travel, a safer way to fly, and a robust rebound seem to be setting up private jet travel providers for a continuing recovery
Private aviation has been tracking to better than 80% of pre-COVID-19 levels for nearly three months. In October, jet card and on-demand charter flights were at nearly 95% of 2019 activity, and fractional fleet operators were 89%.
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.
Global private jet operator VistaJet says it has seen a 49% increase jump in interest from companies during the COVID-19 pandemic
Six months after launching VistaJet Dynamic Lease, the global private jet charter operator is betting on a business travel rebound. Its new Dynamic Corporate Membership, announced this morning, is a suite of services and policies customized for your company’s needs.
The two programs seek to send a clear message to CFOs and directors of aviation. Known for luxe cabin interiors, designer-uniformed cabin hostesses, gourmet menus, and VIP offerings for kids and even pets, VistaJet is not just for UHNWs and the board chairperson.
Global private jet operator VistaJet is highlighting that it hasn’t made any redundancies during the COVID-19 Coronavirus pandemic
It’s not news that the leading private jet operators often don’t miss an opportunity to get in some digs about competitors, particularly the industry’s biggest player, Berkshire Hathaway-owned NetJets.
Delta Private Jets and Wheels Up will have over 190 private aircraft
The deal is expected to close in early 2020, subject to closing conditions and required governmental and regulatory approvals
Delta will take an equity stake in Wheels Up becoming its largest shareholder
Financial terms of the transaction are not being disclosed
The transaction sets up a three-horse race with Directional Aviation and Vista Global as they battle market leader NetJets
Wheels Up’s busy 2019 included raising more money, acquiring light jet operator TMC Jets, tech platform Avianis, expanding its jet sharing membership, plus launching fixed-rate programs for light and super-midsize jets
Last week it announced a major revamp of its own jet membership programs
Is Wheels Up now poised for international expansion?
Wheels Up and Delta Air Lines this morning are announcing they have reached a definitive agreement to combine their private jet businesses.
“This groundbreaking partnership will democratize private aviation – making the convenience of private jet travel accessible to more consumers,” said Delta CEO Ed Bastian.
It’s the fourth King Air to be painted as part of philanthropic initiatives from Wheels Up Cares
Wheels Up yesterday unveiled a camouflage-painted Beechcraft
King Air 350i aircraft as part of its Wheels Up Cares philanthropic initiative.
The Wheels Up Camouflage Plane has a custom livery that was
created and painted by Textron Aviation Inc. and honors those in the military
who bravely served and continue to serve our country, while benefiting the
Tragedy Assistance Program for Survivors (TAPS), a non-profit organization that
offers compassionate care to those grieving the loss of a military loved one.
The Camouflage Beechcraft King Air 350i will remain
indefinitely in the Wheels Up fleet to serve as a flying symbol of TAPS’ mission.
XO plans to expand both fixed and dynamic pricing jet memberships to Europe by 2020
With the “heavy lifting” of the XOJET-JetSmarter integration behind it, Vista Global chairman Thomas Flohr tells Private Jet Card Comparisons the company will roll out memberships for its rebranded XO in Europe as early as second quarter 2020.
Additionally, the company is making a major change in how it sells both on-demand private jet charter as well as pricing options for its dynamic pricing jet card membership programs.