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.

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.