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, and a directory of charter operators, then sign up for membership.
The latest news and research on private jets and aircraft is included below.
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 most obvious in jet cards, where card providers have been increasing their hourly rates.
Due 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 programs and continuing to maintain the service levels to these owners.
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 Flight Legs increased 15% year-over-year to 17,626.
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 future plans.
Global business aviation company VistaJet just took delivery of its 10th ultra-long-range Global 7500. This was the 100th 7500 delivered by Bombardier and means VistaJet now owns 10% of the world’s Global 7500 fleet. SherpaReport reviewed the 7500 with VistaJet and how they are being used by its customers.
Private 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 launch of the program, flyExclusive has agreed to purchase up to 30 Cessna Citation CJ3+ aircraft over the next three years.
March 28, 2022, was an average day for most people, but for the many in Wichita, Kansas, it was a day of wistfulness, remembrance, bordering on a tangible, unshakeable sadness, as Learjet, the iconic business jet manufacturer, delivered its final aircraft to Northern Jet Management, bringing some 60 years of production to a close.
Private aviation and fractional ownership pioneer NetJets continues to innovate with its recent announcement of a partnership with German company Lilium, manufacturer of electric vertical takeoff and landing (eVTOL) jets. NetJets reported that it has signed a “right to purchase” agreement with Lilium for up to 150 eVTOLs.