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.
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.
One of the world’s largest private aviation companies is becoming publicly traded in a SPAC deal. Fractional jet provider Flexjet, together with its fellow brands Sentient Jet, FX Air and Private Fly will be merging with the special purpose acquisition company Horizon Acquisition Corp II (ticker: HZON). The transaction implies a pro forma enterprise value for Flexjet of approximately $3.1 billion.
One would assume the world of private aircraft defines a kind of stability – but to those who look at the creation and evolution of the jet card, the fractional jet, and leasing, the blue-sky world is ever-evolving, sensitive to the changes in the world below.
NetJets, for example, has recently announced that it is once again welcoming new clients with a new NetJets 25-Hour Lease option, built for travelers who fly 25 hours or more per year. This has been available since earlier this year, to existing NetJets owners and those forbearing people who were on the NetJets wait list. But recently the NetJets 25-Hour Lease has been opened up for those outside the wait list.
Private aviation solution provider XO has reduced the number of membership tiers that it offers and no longer offers a fixed hourly rate, jet card type product. Flights booked under the new, single-level XO Membership are all dynamically priced ie are market based.
The lifeline of any high-end luxury business is how well guest services are both offered and conducted. Service for any affluent population is about quiet, unobtrusive, anticipatory service - the norm in any high-end private home or estate.
But on a private jet, exceptional customer service takes on a distinctive face as it has temporal boundaries: limited time, space restraints, and possible weather issues. This makes customer wellbeing in the private jet industry more complex yet more needful than in other hospitality sectors.
As private jet executives consider the post-pandemic journey as a whole, their thoughts are to make the customer feel the greatest degree of comfort, that include feeling safe, cared for, attended to, so that both want and need of the traveler are realized and valued. This is accomplished in a variety of ways.
When SherpaReport checked in with Clay Lacy Aviation last year, the company was experiencing some exciting post-pandemic growth. They were also in the midst of an environmental audit to measure the effectiveness of a wide range of new sustainability initiatives. One year later, we follow up to see how things are progressing as Clay Lacy continues to expand with a new FBO and sustainability awards.
Vista Global Holding (Vista), one of the world’s leading private aviation companies, reported record sales across Vista’s core subscription offerings. Vista says client demand continues to grow for both VistaJet and XO memberships.
Recent data from ARGUS TRAQPak shows a record setting pace for business aviation in North American and European markets for the first six months of 2022. In North America flight activity was up 15.8% from 2021, while European activity rose 58.3% from 2021 for the first half of the year. There are signs that the pace of growth is cooling.
Priester Aviation, one of the most experienced private aviation companies, specializing in aircraft management, jet charter and aviation consulting, has just relaunched its 25 hour Centerline Jet Card program. SherpaReport spoke to Andy Priester, Chairman and CEO of Priester Aviation, about the relaunch of their card program, and what it means for the company and their clients.