Private flights in the US were up 2.2 percent this month compared to June 2021, according to Argus, which tracks monthly activity. At the same time, Gollan noted a slight downturn in charter and fractional service for the month. The growing gap means that the owners of private jets are not only flying more, but pulling their aircraft from the charter pool, exacerbating the supply challenges that have vexed the industry since its pandemic-era boom.
“When Competitor A goes and buys Competitor B to grow its fleet, it’s just added more demand at the same time,” Patrick Gallagher, NetJets’ president of sales, marketing and service, toldInstead, the industry’s unprecedented consolidation means that brokers need to work harder to source airplanes, Gollan said. “What used to be five or six calls, or three or four calls or emails, are now 10 or 20 calls and emails trying to find a plane.
WheelsUp, which has hired more than 300 pilots since November and acquired at least half a dozen aviation companies this year, plans to grow its business by expanding into luxury travel beyond aircraft. Meanwhile, other private aviation companies have been scrambling to grow the traditional way—by acquiring more aircraft.plans to add 350 pilots to its stable of 800 and 50 aircraft this year, raising its fleet to roughly 200 jets. Among the additions are the Embraer Phenom 300, Legacy 450 and Praetor 500, the Bombardier Challenger 350 and the Gulfstream G450 and G650.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: voguemagazine - 🏆 715. / 51 Read more »
Source: PhillyDailyNews - 🏆 89. / 67 Read more »
Source: SELFmagazine - 🏆 478. / 51 Read more »
Source: AKpublicnews - 🏆 387. / 55 Read more »
Source: KRLD - 🏆 75. / 68 Read more »
Source: CBSLA - 🏆 552. / 51 Read more »