Published November 2021
The Covid 19 pandemic caused dramatic upheaval in the vast majority of industries around the world. Still, private aviation found itself among the handful of services that made the world safer and more accessible during our global quarantine. This meant that well-built private aviation companies remained resilient during the worst of Covid. More significantly, private aviation has seen its largest growth on record as the world has slowly reopened.
With demand at all-time highs, many private aviation clients are looking for ways to secure stronger availability and lock in predictable pricing. Today, we invite you learn from our team of personal aviation consultants on how to streamline your private travel experience in a crowded marketplace.
The Record Private Charter Growth of 2021
With 2021 drawing to a close, one look at private aviation's key growth metrics tells you all you need to know. Here's a few of the more noteworthy shifts:
Many of these new clientele represent newer wealth households that would normally fly commercially. The premium on privacy and safety during Covid incentivized the upgrade to private aviation.
The trend was similar among existing private aviation clients. Many of those already in this sector cited pressing business needs that required travel among their Covid-era travel plans. With the crowd-oriented nature of commercial aviation, private charter became the preferred option of consideration.
New Demand Disrupts the Availability Status Quo
As one would expect, this massive surge in demand shook up the status quo existing clients had been accustomed to. Even non-holiday seasons filled up rapidly with prices rising to match the decreasing availability of aircraft.
The industry data shows a specific trend too; it is not just that more passengers are electing a private solution, but they are tending to select more upscale aircraft for their charter flights as well.
During this year's private charter boom, clients chose:
How to Beat the Private Aviation Rush
Many clients have encountered limited availability and higher prices in the midst of the demand surge. If you are someone who utilizes private charter travel frequently, here are a few practices that will help you stay ahead of the availability and price changes.
The Early Bird Gets the Private Charter
If you only occasionally fly private, there is no substitute for booking your flight early. Charter logistics are determined by market demand so by booking early, you can better ensure a few critical things for your trip.
The key question here revolves around how early do you need to book? The best way to get that answer is by speaking to a personal aviation consultant. That way, you can get a confident recommendation tailored to your specific travel plans and preferences.
Speak to a Personal Aviation Consultant
Frequent Flyers Benefit from Jet Card Memberships
For those who utilize private charters more regularly, the fluctuating availability and pricing has added frustration to a normally seamless process. In response, jet card memberships like the Santos Jet Card have become increasingly popular for these frequent flyers. Jet card memberships have surged as much as 40% over the past year!
Jet cards allow clients to purchase flight hours in bulk which affords them many significant benefits.
In short, jet cards offer perks and privileges similar to ownership for a fraction of the cost. They are among the most popular solutions for clientele looking for a durable alternative to market-dependent chartering.
Learn More about Jet Cards
More Clients Consider Aircraft Ownership
Aircraft ownership represents rarified air in the private travel industry. With personal access to your own aircraft and flight crews, there is no arrangement for flexible and convenient. It's also by far the most expensive approach to private aviation, but there are certain situations that suggest ownership as a surprisingly efficient option.
The cost of ownership is made up of two components – acquisition and operation. When handled correctly, both offer unique benefits to help offset costs.
For acquisition, purchasing a private jet is best approached with an experienced eye on the tax implications and advantages. If you are purchasing an aircraft for business use, there are substantial tax benefits available that can be leveraged to make an acquisition more accessible.
For operation, owners can turn their aircraft into a revenue generating asset through Aircraft Management Services. By allowing your aircraft to be professionally chartered when you are not using it, you can take advantage of the demand boom and generate revenue to offset your operating costs.
While a jet card membership is sufficient for most frequent flyers, you may still be considering ownership. If you are, talk to our acquisitions team at Dumont JETS. They have the experience and personalized service to provide you with a confident approach to ownership.