Charter & Fractional
Discounting, Debt, Deficits Plague Select Private Jet Programs
Analyst thinks post-Covid financial contagion will continue to affect private jet operators.
Jet It HondaJet
HondaJet fractional-share operator Jet It shut down operations in May, but other companies are trying to provide alternatives for shareowners. (Photo: Jet It)

Important parts of the Covid-fueled business aviation bounce have begun to fade. What began as a triple-play of bad news for three industry operators—Wheels Up, VistaJet, and Jet It—during 10 consecutive days in May might be a harbinger of things to come, according to industry analyst Brian Foley.

“I do think that there's more to come. The common theme that I've seen is they're [distressed fractional, membership, and subscription-model companies] all losing money to begin with and never made a dime,” he told AIN. 

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