JetHub Private Jet Charter Blog

2011 First Half Private Aircraft Sales Report

private jet

Total worldwide sales of general aviation aircraft fell 15.5 percent in the first six months of this year. General Aviation Manufacturers Association (GAMMA) shows total billing of general aviation aircraft of $7.3 billion, which is down 22.3 percent.

GAMA and an aerospace workers union made a statement which blamed political rhetoric for the demonization of the industry resulting in fewer jobs. 

According to GAMA, piston powered airplane shipments were down 37 units from 424 units delivered in the first six months of 2010, a 8.7 percent decrease.  Turboprop plane shipments declined by 143 units, a 8.9 percent drop. Business jets have also suffered, down 26.5 percent to only 261 units.

Topics: General Aviation aviation business business jet private aircraft

Business Jet Market Update Report

The worldwide business jet and turbo-prop markets continue to showpromisingtrens of contracting pre-owned inventories and increasing transaction activity. But the market has not recovered to historically average conditions.

During the most recent quarter, 2.6% of the worldwide active fleet of business jets changed hands in retail transactions (compared to 2.4% in Q1). This metric is inching closer to the 20 year average of 3.0% per quarter. The turboprop market resale transactions held steady at 2.3% in Q2 (versus 2.2% in Q1). The turboprop 20-year average transactions are 3.2% per quarter.

Of the worldwide fleet of business jets for sale, 13.9% are for sale. This is compared to 14.2% in Q1. The 20 year average is 12.6%, indicating that inventories of resale business jets is still high, but at its lowest point since September 2008. The turboprop inventory decreased from 11.6% to 11.1% over the same period, in-line with the 20-year average of 11.2%.

The market of business jets is still saturated with inventory, which means that good deals are still possible.  The turboprop market is a bit more competative since inventory is at its 20 year average.

Source: Amstat report

business jet

Topics: Private Jet aviation business business aviation business jet

Volcanoes & Labor Strikes: More Reasons Supporting Private Jet Travel

The list of benefits to private jet travel is long and plentiful. The last three months have provided two examples that have caused unrelenting disruption to commercial airline passengers from March through May.


Iceland's Volcano Disrupts AviationIceland's volcano:

Eyjafjallajokul Volcano in Iceland erupted in March 2010, and, for most travelers, the consequences of that eruption are still being felt. The massive cloud of volcanic ash given off by the eruption clouded the skies and grounded all European commercial airlines for days, leading to weeks of disruptions for all commercial travelers.

Despite the inability of commercial airlines to fly, private jets were still able to fly without a problem. So, while travelers using commercial airlines were stranded, some for over a week, at the airport waiting for a flight, private jet travelers arrived at their destination on time, as expected.

 

Recent labor strikes:

Commercial airlines are often heavily unionized, which means that labor strikes can and do occur on a semi-regular basis. Right now, British Airways cabin crews are striking because of wage disagreements. They have selected to strike during the busiest travel season for Europe, and may jeopardize many people's plans to travel to South Africa for the World Cup. Spirit Airlines in the United States is also staging a similar strike this summer. Airline unions wait until the busiest seasons to go on strike because it has the biggest ramifications on travelers and the employing company. This means that all the innocent commercial airline travelers trying to make it to home for Christmas or to their long-planned summer vacation often are unable to get to their destination at all due to labor strikes.

Private jet charter clients know that the flight they booked is theirs and won't leave the runway without them. They know that they will arrive at the World Cup exactly as planned because the personalized service of private jet charter companies guarantees it. Business executives take comfort in the confidence that they will be home in time for dinner, without the long, grueling, uncertain journey that flying commercially has become.


Topics: General Aviation aviation business private jet charter private aviation industry aviation private jet travel

Scottsdale Raises Aircraft Weight Limit - Good News for Business

NBAA and businesses in the aviation industry are praising Scottsdale council members for a decision that allows more aircraft to fly in and out of the Scottsdale Airport. By increasing the weight limit for aircraft allowed to takeoff and land at the airport, they are helping grow the Scottsdale aviation industry. Allowing heavier planes will attract more aviation business to Scottsdale and hopefully create more jobs in Arizona in the aviation industry. The decision raised the weight limit from 75,000 to 100,000 pounds.Arizona Aviation

The decision was approved unanimously after a long campaign from Arizona-based aviation business, as well as multinational corporations wanting to do business through the Scottsdale Airport. The Arizona Business Aviation Association (AZBAA) spearheaded the campaign, using letter writing, community mobilization and advocating directly with Scottsdale city council members.

The decision to raise the aircraft weight limit at the Scottsdale Airport is expected to boost the Scottsdale economy. There are a number of businesses in the aviation industry that wanted this decision because they want to do business in Scottsdale but were unable to due to the restrictions of the previous weight limit. In addition to the expected increase in business, there will also be a increase in tax revenue. This decision comes at no cost to the city and will likely increase the number of jobs available, grow the aviation business presence in Scottsdale and make life much easier for the aviation businesses already present in Scottsdale.

It's a win-win for aviation businesses and for the city of Scottsdale. Scottsdale hopes that more businesses in the aviation industry will come to see Scottsdale, Arizona as a destination for international businesses. The NBAA has publicly praised the Scottsdale city council on its decision and JetHub is eagerly looking forward to helping develop the aviation industry presence in our hometown.


Topics: General Aviation Private Jet aviation business private jet charter Legislation scottsdale aviation azbaa nbaa

JetHub Grows Exponentially in 2009

In 2009, JetHub was such a hit with consumers that we more than doubled our revenue from our first year of business in 2008. Bursting onto the scene with passion and vision during a time when many private jet brokers were closing their doors, JetHub has proven that a strong emphasis on client satisfaction, competitive pricing and safety is a winning combination.

JetHub's vision means providing 24 hour a day, 7 days a week service to clients. Designated charter advisors attend to every detail of a trip from the time the client steps out their door until they return home. This allows clients to save time and energy, letting them focus on what matters. Charter advisors reserve car services, organize catering, make dinner and hotel reservations and whatever else the client requires.

JetHub expanded from only a small handful of luxury charter advisors, hiring several more in 2009. By 2010, JetHub anticipates so much new growth that we intend to continue expanding our number in order to provide the same attentive, consistent luxury concierge services to JetHub clientele. JetHub also made such an impression on jet operators with our reliable business practices and fair dealings that JetHub now has access to the largest network of private jets in the United States. Our positive relationships with jet operators allow us to consistently offer the lowest prices available for private flights. With as little as four hours notice, JetHub can provide a quote for the lowest price, book a trip and have you in the air and on your way to your destination.

2009 was an exciting year for JetHub, but 2010 will be even better. With several new promotions coming up to inform clients about our innovative take on jet card programs - the JetCard 2.0TM and plenty of ideas for ways to improve private charter services for clients and operators, JetHub has a lot to look forward to.

Topics: aviation business private jet charter charter broker 2009