Private Jet

With the well documented issues in commercial flying more and more people have found reasons to turn to private aircraft.

There are a variety of options to consider. The starting point is how often you want to fly privately.

If you only fly a few hours a year then on demand aircraft charter is probably the best way to go. As your number of hours of private flying increases look at charter cards and fractional cards.

Once you reach about 50 hours of flying a year then fractional aircraft ownership can start to make sense and above 300 or so hours per year whole ownership is worth looking into. Here is some core information to help you understand the options.

All of the major providers have expanded over the last few years. Many now offer a wide range of products and solutions to meet the needs of various clients. If you're looking at the different options and would like a good general overview then download our free Guide to Private Aviation, which includes details on charter, jet cards and fractional ownership. For detailed side by side comparisons of the leading jet card and fractional providers, a directory of charter operators, and our Aircraft Buying Guide then sign up for membership

The latest news and research on private jets and aircraft is included below.

Fractional aircraft ownership continues to see growth as more individuals and businesses seek the benefits of private aviation without the full cost and responsibility of owning an entire aircraft.

Private aviation provider Magellan Jets has a new partnership with luxury travel club Inspirato. Magellan jet card customers will receive a complimentary Inspirato membership.

Private aviation provider flyExclusive has recently announced a partnership with luxury travel club Inspirato. Under the agreement, members of each organization receive access and special benefits in the partner company.

Volato, the largest HondaJet operator in the United States, added to its fleet in 2023 and plans to add even more aircraft in 2024. Here’s a look at the recent additions and program changes and the latest financial results from the company.

Wheels Up, one of the largest providers of on-demand private aviation in the U.S., has undergone a huge restructuring over the last year. This has included a new management team, new funding and ownership led by Delta Air Lines, a refocus on charter and membership and the opening of a new operations center. The recent year end financials reflected some of this refocus and house cleaning.

The top 25 largest private aircraft operators in the USA are ranked and discussed below, with the chart showing their 2023 total flight hours and also the 2022 hours for comparison. The list includes a mixture of fractional operators, charter operators and aircraft managers.

Jet card provider Sentient Jet shared some recent flight trends and released its 2024 Benefits Guide for card holders. This is Sentients 25th year of operation and the 11th year of the Benefits Guide.

The General Aviation Manufacturers Association (GAMA) reported global sales of 730 new private business jets in 2023. An increase from the 712 new jets sold in 2022. Sales of piston and turboprop airplanes also increased by an even larger percentage, as did sales of new helicopters. Overall new aircraft deliveries were valued at $27.8 billion, an increase of 3.6%.

Scottsdale , AZ headquartered Set Jet was founded in 2014 and launched its by-the-seat jet charter membership model in 2019. It had been aiming to go public via a SPAC deal, but when this new funding wasn’t consummated, it closed its doors and ceased operations.

Recent analysis from Avinode shows some interesting trends in the jet charter market for 2023. Avinode looked at data on jet charter prices, lead times for reserving an aircraft and also the use of older aircraft in the charter marketplace. They shared some graphs on these trends below.

Jet OUT is a relatively new provider in the co-ownership or fractional jet ownership space, although they have over a decade of private aviation experience behind them. They are building a fleet of Citation CJ4 and M2 jets, with some interesting elements to their model. SherpaReport recently talked to Joe Crivello, the CEO and founder, to discuss the program and future plans.

There are many reasons to use private jet travel and these apply whether you are flying internationally or domestically.

Any international travel brings a range of additional considerations compared to just domestic travel. Your private jet provider – whether it’s a good charter operator, or charter broker, or a jet card or fractional operator – will usually have an advisory, concierge service that can help, and will make sure you are fully prepared for your international flight. Items to consider include:

PlaneSense, a leading fractional aircraft ownership company, is extending its jet program to private flyers West of the Rockies. By the end of June 2024, “Out of Area” fees will be eliminated for the PlaneSense fractional jet program’s growing Pilatus PC-24 light jet fleet.

The total number of private aviation flights for 2023, compared to 2022, showed a drop of 3.3%. There were mixed results within the various sectors. Fractional had a strong 2023 and in particular higher flight numbers in large cabin fractional aircraft drove the overall large cabin sector to a positive result.

The large private jet operator became a public company today through its merger with EG Acquisition Corp. (NYSE:EGGF). The combined company now trades on the NYSE American under the symbol “FLYX”. It is projecting 2023 revenue of $323m and forecasts further significant growth in 2024.

Yes, OK, so it’s a bit of a “come on in” title, but it is also a valid new program from private jet operator Volato. Their new Vaunt app gives you access to all the empty legs and repositioning flights across their fleet. You can reserve the whole plane for any of these flights and the cost is just $1,000 for a years subscription to the app, with no additional costs when you fly.

Private jet operator Northern Jet merged with Florida based operator Speedbird, earlier this year. The enlarged company has recently launched new jet card and fractional jet ownership programs.

Private aviation company Volato has completed a business combination with PROOF Acquisition Corp I (NYSE: PACI). The new entity will operate under the Volato brand, with its common stock and warrants commencing trading today, December 4, 2023, on the New York Stock Exchange American (NYSE American) under the new ticker symbols “SOAR” and “SOAR.WS.” Volato has added $60m in funding as part of this overall deal.

VistaJet, a global private aviation company, has partnered with leading brands in the wellbeing and longevity space to introduce the VistaJet Wellness program. This new offering aims to transform a private flight from a potentially tiring experience into an energizing one, integrating onboard wellness facilities and services, and offers unique experiences at destinations with a focus on wellbeing.

The latest data for the preowned business aircraft market shows inventory continues to offer increased choice for buyers while transaction activity trends back to historical norms.

The latest SherpaReport Aircraft Buying Guide has been published. This updated book provides comprehensive and user-friendly guidance on all aspects of purchasing a private aircraft. The new edition of this one-of-a-kind guide, geared towards individuals and businesses, offers brand new sections as well as updated costs and enhanced information.

Private aviation operator flyExclusive has taken delivery of its first three Citation CJ3+ jets which will go into its new fractional fleet. This brings the total fleet size to over 100 aircraft, comprised of mainly Cessna Citation jets.