Wednesday, May 31, 2023
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Private Jets and Business Aircraft

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.

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Jet Linx, a leading private jet management and jet card membership company, has continued its expansion in the New York, New Jersey and Connecticut tri-state region by purchasing Meridian’s Aircraft Management and Air Charter business.

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Private aviation operator XOJET Aviation kept all its employees employed during the coronavirus downturn. They used the time to cross train staff and prepare for global growth.

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Private Aviation Company Magellan Jets is expanding its product portfolio with the launch of two new pay-as-you-go membership programs. In the age of coronavirus and uncertainty about commercial flying, these new offerings are partly aimed at new private flyers who are transitioning from commercial first- and business-class.

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As society takes careful steps to reopen after the COVID-19 pandemic closures, there are several indications that private jets and business aviation flights are increasing.

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Sentient Jet is among those private aviation companies seeing a surge of new business as a result of the global coronavirus pandemic. A recent study reveals that more than 50% of the company’s current business is from new clients. The findings reflect an industry-wide increase in demand for private aviation, due to broader concerns about the safety of commercial air travel.

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As COVID-19 travel restrictions begin to ease worldwide, private aviation provider Air Partner announced last week that it has seen a marked increase in bookings. According to the Fort Lauderdale-based company, requests for future flights booked during May 2020 showed a surge of 210% compared to flight requests in the same time period last year.

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As businesses consider reopening after the coronavirus shutdown, attention is turning to health and safety protocols. This roundup details the measures being taken by private aviation companies to provide a safer environment for passengers and crew alike. We will update it as more information becomes available and as circumstances change.

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In a letter shared with owners, employees and prospects, leading fractional operator NetJets set out the steps it has taken to adjust for a covid-19 world. Parts of its business have seen some layoffs and its core fractional business has reduced the number of new planes it plans to add this year.

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The large part 135 operator, flyExclusive, has been adding to its own fleet of aircraft. It just rolled out a newly redesigned Jet Club membership program and has made an offer to the members of JetSuite to help them recoup their lost memberships.

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The Dallas based jet membership company, through its operating entity, Superior Air Charter LLC, has just filed for Chapter 11 bankruptcy in Delaware.

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The jet membership and charter provider has grounded its whole fleet of light jets. Putting the blame squarely on the shoulders of the COVID-19 pandemic and the resulting state of emergency.

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The whole world has pretty much stopped traveling for any reason. You will have heard how commercial aviation companies such as Delta and United have significantly reduced their schedules. Private flights and business aviation are also way down from their normal level.

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This new short-term lease from VistaJet offers a dedicated aircraft and crew for one, two or three months. The fixed monthly cost includes up to 50 hours usage per month with additional hours available at a reduced rate.

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The large fractional private jet company is now using only its own aircraft to get its pilots and other crew members in place. This crew ferry program has been developed to limit the exposure of passengers and flight crews to COVID-19.

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As the Coronavirus, also known as Covid-19, leads to large-scale cancellations of vacations, school, conferences, and sporting events, a number of businesses are wondering how best to continue, while ensuring the safety of their employees. The privacy offered by private jets can be just the solution to some who still need to travel but wish to avoid crowds as much as possible.

We reached out to a few aviation providers to learn more about how they are handling operations in the wake of the Covid-19 outbreak.

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Wheels Up has continued its recent acquisition spree. It just acquired Gama Aviation Signature, a leading private aviation services company that provides aircraft management, private jet charter, and ancillary support for its managed aircraft. Gama Aviation Signature has been the exclusive operator of the Wheels Up fleet of King Air 350i, Citation Excel/XLS and Citation X aircraft since Wheels Up launched in 2013.

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SherpaReport talked to two experts in the field of fractional aircraft agreements to find out which terms are negotiable. Between them these advisors have seen hundreds of fractional contracts. Here’s a rundown on the areas to look at if you are buying a share in an aircraft.

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PrivateFly, a global private jet booking platform, has been arranging jet charters since 2008. They just looked back at 2019 to summarize the trends they saw across their bookings.

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Most articles that discuss the pros and cons of flying privately, as opposed to commercially, tend to focus only on the cost. While the dollar amount is definitely not to be ignored, there is another consideration that can be just as important – time. When it comes to private aviation, most flyers will tell you that their time savings are often more than worth the extra expense. But is that always the case? SherpaReport takes a look at some different situations and how time and cost both factor into the decision on whether to fly privately.

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Private aviation company Wheels Up has been on an acquisition spree over the last year, as it expands and scales up. Last week it acquired the private jet arm of Delta Air Lines, and Delta will now be a shareholder of Wheels Up. The deal is expected to close early in 2020 and it sounds as if there could be a lot of cross promotions between the two companies.

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With the latest jet sales forecasts released, it’s time for our annual summary of the state of the business jet industry. The articles compares the forecasts from Honeywell, Jetcraft and JETNET iQ.

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As the year draws to a close, there are some interesting special deals available from several jet card companies. Here are some of this year’s offers.

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