XOJET Aviation rings up $13 million in CARES Act funds

XOJET XO

The private jet charter operator is part of Vista Global Holdings, which includes VistaJet and brokerage arm XO

Our Private Jet Operator CARES Act Relief Scorecard shows how much the 25 largest U.S. operators received in payroll support

Ft. Lauderdale-based XOJET Aviation is the latest of the major private jet charter and fractional share players to have signed an agreement to receive funds as part of the CARES Act. It entered into an agreement with the Treasury Department last month providing $13.1 million.

Memorial Day weekend fractional and charter private jet flights surged to 58% of 2019 levels

While airline passenger counts stayed at just 12% of last year’s holiday weekend, the private jet travel rebound continued

From the Wednesday prior to Memorial Day through Tuesday, the number of passengers who passed through TSA checkpoints hovered at just 12% of 2019 levels.

During the same period, fractional and charter operator flights surged to 58% of 2019 levels, continuing an upward trek. The data from Argus affirmed the rebound for private jet operators, which just last month had seen flying drop to just 20% of last year’s level as the Covid-19 stay-at-home orders ground travel to a virtual halt.

Wheels Up’s Meals Up hits 12 million meals donated

Wheels Up Meals Up

The private jet membership provider and largest Part 135 charter operator in the U.S. had targeted 10 million meals through Feeding America

The good news in recent days and weeks in the private jet segment has been multiple signs of recovery, both in terms of flying and influx of new customers.

Another positive has seen the philanthropic efforts of business aviation throughout the Covid-19 Coronavirus pandemic.

Jet Card programs make pricing and policy updates in response to COVID-19

compare jet cards 2020

Both the Coronavirus pandemic and the CARES Act waiving the 7.5% Federal Excise Tax are impacting jet membership costs and terms

To say the past month and a half has been a roller coaster for private aviation would be an understatement.

March started with high hopes. A spike in requests from first-timers who wanted to get to second homes or relocate family members kept activity close to normal.

XO offers inbound private jets to New York for medical supplies

XOJET XO

The unit of Vista Global Holdings joins VistaJet, which is offering empty legs for repatriations and emergency supplies

XO, the combination of XOJET and JetSmarter, and now part of Vista Global Holdings, is offering inbound flights to New York to transport medical supplies.

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