Contributor - Accidents and Regulations

Contributor - Accidents and Regulations

Gordon Gilbert

Last year saw more growth in business aviation activity than at any other time since the financial crisis a decade ago. Charter broker PrivateFly expects this upward climb to continue in 2018, particularly among millennials. PrivateFly says it saw sales increase by 51 percent year-over-year, along with the average spend per flight up by 19.7 percent.

 


It also said customers are getting younger—the average age was 40 throughout 2017, versus 41 in 2016, but fell to 38 in the second half of the year. Additionally, PrivateFly founder and CEO Adam Twidell expects further market growth this year, “driven by on-demand business jet charter, as opposed to outright or fractional ownership.”

 


Consolidation of businesses has been a key theme over the past few years, and Twidell expects&nbsp;"we’ll see more mergers and acquisitions with charter brokers" this year. He believes both the customer and the industry would “benefit from less fragmentation in this segment.”

 


Payment transactions are another area "ripe for disruption" this year, Twidell said. He contends that “blockchain financial technology has the potential to become a much more mainstream solution in our industry. Payment in bitcoin and others might still be a niche, but [cryptocurrency's] popularity is growing rapidly.”

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.

PrivateFly Sales Climb 51%, Expects More Growth in 2018

Expansion this year will be “driven by on demand business jet charter, as opposed to outright or fractional ownership.”

2024 Corporate Aviation Leadership Summit

Charles Alcock

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

The Hong Kong-based operator now has almost 50 business aircraft

China’s Sino Jet Expands Charter Fleet with Second G700

Jessica Reed

Program launches with HondaJet HA-420 and Bombardier Challenger 3500

Honda Aircraft Unit Backs Thrive Fractional Jet Program

Amy Wilder

Elite Jets, MaxAir keep names, add Priester co-brand

Priester Aviation Unifies Companies under One Brand

Program lets non-members compare pricing before booking

BlueSky Extends Pricing Access to Non-members

Hourly rates range from turboprops to VIP airliners

Paramount Business Jets Guide Details 2026 Charter Rates

Kerry Lynch

News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

More In Charter & Fractional

China’s Sino Jet Expands Charter Fleet with Second G700

The Hong Kong-based operator now has almost 50 business aircraft

Honda Aircraft Unit Backs Thrive Fractional Jet Program

Program launches with HondaJet HA-420 and Bombardier Challenger 3500

Priester Aviation Unifies Companies under One Brand

Elite Jets, MaxAir keep names, add Priester co-brand

BlueSky Extends Pricing Access to Non-members

Program lets non-members compare pricing before booking

Paramount Business Jets Guide Details 2026 Charter Rates

Hourly rates range from turboprops to VIP airliners

ACA Forum Probes Broker Role in Fighting Illegal Charter

Brokers need to verify operations based on a standard

ACA Forum Explores Changing Role of Air Charter Brokers with AI

ACA is hosting its second U.S. forum as membership grows

FAI Grows Charter Fleet with Second Global 6000 Bizjet

Ultra-long-range jet is now available for worldwide charter

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