The Payroll Support Program under Division A, Title IV, Subtitle B of the CARES Act provided payroll support to passenger air carriers, cargo air carriers, and certain contractors for the continuation of payment of employee wages, salaries, and benefits. Here’s who got how much
It’s uncertain when there will be more government for the airline industry, and if so, will it extend to the private aviation side?
While the CARES Act payments have been widely credited for helping business jet operators get back on their feet quickly, they also have detractors, including NetJets, the largest private jets operator.
Breaking the speed of sound is the top desire for private jet travelers surveyed by Business Jet Traveler
Respondents to Business Jet Traveler’s Readers’ Choice 2020 Survey want to break the sound barrier.
In the publication’s annual poll, 29% of respondents said they are most interested in supersonic business jets. That could bode well for Flexjet, the launch fleet customer of Aerion’s supersonic private jet, currently under development.
NetJets may be better known for fractional ownership; however, for the second straight year, it is the top-ranked jet card and membership provider in Business Jet Traveler’s 10th Annual Reader Survey awards
Last year, NetJets won five of six categories in Business Jet Traveler’s Annual Reader Survey awards. This year it went six for six.
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.
Vista Global’s Florida-based XOJET Aviation unit is expanding beyond its fleet of 43 Challenger 300s and Citation Xs to bolster its U.S. owned fleet
XOJET Aviation has purchased a “controlling majority” stake in Red Wing Aviation Company
The big keep getting bigger as Vista Global adds 15 light jets to XO’s floating fleet of 43 super-midsize private jets. It expands the XO branded fleet to 58 aircraft. The Florida-based IS-BAO Stage 3 operator also flies 15 of VistaJet’s N-registered private jets. The new aircraft brings Vista Global’s overall fleet count to 130 aircraft, with 56% registered in the U.S.
VistaJet is offering a personalized and integrated approach to combining your private jet flights with yachts, suites, slopes, and estates
Over the past two years, VistaJet has been expanding its offerings beyond the private jet flight. It has announced collaborations with top travel advisors. It used its partnership with the Malta Tourist Board to private yacht access amid the various COVID-19 travel restrictions. More recently, it has been dripping out different luxury travel excursions, combined with flights on the VistaJet fleet.