The U.S. business jet charter market is set to continue its recovery next year, according to projections online charter portal Avinode released this week at NBAA 2014. It predicts 3.5-percent year-over-year growth in charter flights in the U.S. next year. By U.S. region, the South is expected to see gains of 4 percent; West, 3.6 percent; Northeast, 3.3 percent; and Midwest, 2.5 percent.
The U.S. business jet charter market is set to continue its recovery in 2015, according to the latest projections from online charter portal Avinode. On the eve of this year’s NBAA show, the company released its Business Jet Charter Market Forecast, which shows an anticipated 3.5-percent increase in charter flights next year, compared with 2014. Over the same time frame, it sees more modest 1.6-percent growth in the European market.
Business aircraft activity in the U.S. increased for the 10th straight month, climbing 3.9 percent last month versus a year ago, making it the busiest September for business aviation since the same month in2008, according to data released today by aviation services company Argus. For this month, Argus estimates that flying will increase by 0.9 percent year-over-year.
Delta Private Jets continues to see “record growth” for charter and jet card travel, the company announced this week. In fact, it recorded a 76-percent, year-over-year increase in jet card sales last month. This follows record growth in both June and July, “with September on track for similar activity.” As demand increases, Delta Private Jets said it is able to add popular business aircraft models via its “unique” aircraft management programs–one of which offers aircraft owners a guaranteed monthly income stream–to meet customers’ needs and spur additional growth.
Textron Aviation confirmed to AIN that it will terminate flight operations at its former fractional and charter/management operation, CitationAir, on October 31. The move comes 2.5 years after CitationAir stopped selling fractional shares in new aircraft and ceased renewals for current fractional-share customers in February 2012, saying at that time it would instead focus on its jet card and aircraft management products. The company is now abandoning even that modest plan.
Business aircraft flying in the U.S. rose for the eighth straight month, with activity in July up 1.5 percent from a year ago, according to data released yesterday by aviation services company Argus. And it appears that this indicator is gaining strength again this month, with Argus projecting a 1.4-percent year-over-year rise for August.
Part 91 activity once again is leading the pack, climbing by 2.7 percent from a year ago, followed by fractional flying with a 2-percent gain. Part 135 charter flight activity slipped a bit last month, falling by 0.4 percent year-over-year.
Fifteen years after inventing the jet card, which simplifies the purchase of a block of charter hours, Sentient Jet sees no slowdown in demand for the product it pioneered. “We’re having a great year,” said Sentient president Andrew Collins. “In many respects it feels a lot like stuff we’ve been talking about is coming to fruition.”
Fractional aircraft ownership firm Executive AirShare hired industry veteran Pete Pedicino as regional vice president of sales for Dallas and South Texas. In his new role, Pedicino “will drive Executive AirShare’s growth in key Texas markets.” The company now serves customers in Houston, San Antonio and Austin, and has served customers in Dallas and Fort Worth since 2006. Pedicino has spent the past 14 years in the fractional aircraft ownership industry, most recently as senior vice president of sales with NetJets.
Business aircraft flying in the U.S. rose for the seventh straight month, with activity in June up 3 percent from a year ago, according to TraqPak data released today by aviation services company Argus. In addition, flight activity for the first half climbed 1.6 percent, compared with the same six-month period last year, it said.
Fractional flying came out strong last month, rising 6.5 percent from June last year. Part 91 activity jumped by 3.2 percent, while Part 135 charter flying saw a 1.4-percent gain.
After five harsh years, the business aviation market is indeed showing signs worthy of optimism, according to responses from JetNet IQ’s most recent industry survey, released last month at the company’s fourth annual summit in New York City. Each quarter the company polls hundreds of business jet owners and operators to read the business climate they are facing, and in the latest round, 54 percent overall (and 59 percent of U.S.
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