Prices for private aviation flights continue to rise. Several factors are adding to the increasing prices including record demand, increasing aviation fuel charges and a shortage of both planes and crews. This is driving prices across the board and is...
Read moreDue to the continuing record demand for private aviation flights, leading private jet operator NetJets has said it will not be selling jet cards in 2022. It is focusing on its fractional jet and lease…
Private aviation company Wheels Up saw revenue increase 24% year-over-year to $325.6 million in the first quarter of 2022. At the same time the number of Active Members grew 26% year-over-year to 12,424 and Live…
Data through April 2022 shows continuing record levels of business aviation flights. SherpaReport looked at data from ARGUS, FlightAware and Radarbox.
Inspirato, the luxury travel subscription company founded by Brent Handler and team, has expanded into multiple dimensions, with more travel experiences and options than ever before.
Read moreEquity Residences, the manager of luxury vacation residence funds, announced its third investment fund, Equity Platinum Fund 2. The new fund follows the success of earlier Equity Residences funds that…
Inspirato, the subscription-based travel and destination club, reported 2021 revenue of $235 million. The number of active subscribing members increased to a record 13,802, an increase of 2,075 or 18%…
The Calgary based equity destination club has recently issued a new share offering and also added a new home in Greece for use by its members.
Fractional and jet card provider NetJets recently shared a review of 2021 and predictions for 2022, commenting on the “unprecedented flight demand” which “fueled extreme growth and innovation” but also “caused a ripple of new challenges across the industry.” The company is currently operating at...
Read morePrivate jet company Jet Linx had temporarily suspended jet card sales in October, to ensure its promise of providing guaranteed services to its members during the peak travel season. It…
Private aviation company Air Partner has a new mobile app for members of its JetCard program. It is also increasing the notice period to request aircraft, is increasing the hourly…
In the first half of 2021, VistaJet sold over 8,000 new annual subscription hours, an increase of 67% on 2020 figures and a 41% rise over 2019 levels. XO Deposit…
Kansas based Airshare is the fourth largest fractional provider in North America, with a fleet of light and super-midsize jets. It also provides aircraft management, jet charter and jet cards. SherpaReport spoke to CEO John Owen about recent growth in the programs, current demand and...
Read morePrivate jet operator flyExclusive is launching flyExclusive Fractional. This new program gives private jet flyers a fractional aircraft ownership experience with additional access to the growing flyExclusive fleet. To support…
The fractional aircraft companies in North America flew over 760,000 hours in 2021. This was an increase of more than 50% compared to 2020, and up over 20% compared to…
One of the leading private aviation companies, Flexjet, is planning a 40% increase in the size of its fleet by the end of 2022. It is also growing its staff…
In March this year, SherpaReport looked at how the market for new business jets showed signs of a strong recovery, from a pandemic induced fall in 2020. In this article, we follow up by exploring the current, booming state of the market for pre-owned business...
Read moreThe Tax Cuts and Jobs Act (Trump’s Tax Reform Act) was passed in December of 2017 and includes some significant changes that impact anyone buying a plane.
It always amazes me just how many people are caught out when they make the decision to sell their aircraft, but when you look at the array of specialists offering…
Acquiring your own aircraft takes some thought and planning. If you know what you’re doing and have a good team to help you, the process can go fairly smoothly. But…