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.
SherpaReport recently spoke to the founder and CEO of Vista Global, Thomas Flohr. It’s been a busy year for Vista Global. The company was founded just last year as an enhancement to VistaJet, the global aviation company, that Flohr started in 2004. The aim was to become the worldwide leading provider in business flight solutions. Over the course of the last 12 months the company has already acquired XOJet and more recently Jet Smarter, and has just combined them into XO.
Air Partner jet card holders have always been able to use their US card balance for flights in Europe, and European card holders can use their cards in the North America. But for flights between the two, they had to pay variable charter rates. Air Partner now offers the first fixed price transatlantic jet card.
Massachusetts-based Magellan Jets has recently restructured their membership program to launch a new jet card. Named Elevate, the program is designed with complete flexibility and customer satisfaction in mind. And to prove their goal of pleasing customers, Magellan is offering a 30-day satisfaction guarantee. If the program doesn’t suit you, you can receive a refund of all remaining funds within 30 days of your first flight.
Wheels Up has been adding lots of features to its membership programs over the last few months. To supplement the overall programs it just acquired TMC, the largest wholesale-focused light jet operator in the U.S. TMC operates an owned and leased fleet of Hawker 400XP aircraft in North America.
The latest data from the General Aviation Manufacturers Association (GAMA) shows unit business jet deliveries increased last year. The annual databook reported 703 new business jets sold worldwide in 2018 compared to (a slightly revised) 677 unit sales in 2017. The increase was helped by several recent model introductions. Here are some of the highlights and the sales by manufacturer.
Frequent flyers based in Europe can own a share in a Pilatus PC-12 through Jetfly’s fractional ownership program. This article offers an overview of the program’s benefits and features, as well as some background about Jetfly.
The National Business Aviation Association (NBAA) conducted research last year to find “How companies use their private planes.” The findings of the survey are based on interviews with both business aircraft pilots and passengers. The results provide insights into business aviation, including the types of aircraft owned and the reasons for which the aircraft are used.
Two people had recently asked me about buying a private jet. Neither of them had owned one before but they had both been given a similar pitch. In each case, the broad offer was: buy a plane, take 100% depreciation, charter it out and have 30-40 hours of free use. So, here’s a look at how viable this concept is.