Prices of Private Jet Charters Expected to Rise, Availability and Experience Quality to Decrease Due to Growth and Consolidation of Jet Charter Business

NORTH PALM BEACH, Fla., June 3, 2021 /PRNewswire-PRWeb/ -- Businesses and individuals choosing to fly by private jet charter can expect to see increased charter prices and reduced plane availability and experience quality due to the recent consolidations of private aviation charter companies and the rising demand for private jet charter flights, according to private jet broker, The Private Jet Company.

"The consolidation among private jet charter companies means there are fewer operators controlling larger fleets. This is not bringing any additional aircraft into the charter market," explained Daniel Jennings, CEO of The Private Jet Company (TPJC). The Private Jet Company (TPJC) provides sales, acquisition and a range of consulting services to private jet buyers and sellers.

"Because of the long lead time to manufacture aircraft, the 10%-20% increase in demand for private jet charter flights since the start of the pandemic and the consolidation in the charter industry will soon put upward pressure on prices for charter flights, particularly for those using private jet charter brokers. For travel on weekends and holidays, the increased demand and static supply of private aircraft means fewer planes will be available. In addition, charter clients might not get the type of plane and experience quality they expect," said Jennings.

Typically, owners of private jets charter out their aircraft when they do not need them to help subsidize the costs of owning and maintaining a private plane. However, Jennings pointed out, owners frequently use them at exactly the same time – weekends and holidays - when there is peak charter demand. The majority of private charter flights are on individual owner-owned aircraft, managed by a charter company or charter broker.

"If you want to charter a jet on a Tuesday, for example, there's usually no problem, but if it's Memorial Day weekend or the 4th of July, you could be hard-pressed to find a private jet to charter – or one that meets your expectations," said Jennings. "The problem of supply is exacerbated on the most popular routes – up and down the East or West coasts and cross-country."

Someone who regularly pays $15,000 to fly on a private jet charter between New York and Miami may not mind paying an additional 10-20%, but the reduced availability and unpredictable type and quality of aircraft to charter may be the motivation that pushes them in the direction of purchasing, rather than chartering.

"When supply is tight, particularly on a popular route, you might wind up with a plane where the wi-fi doesn't work, two seats don't recline, or some other annoying problem," cautioned Jennings.

Favorable conditions to buy a private jet

For individuals and businesses who can afford to purchase a private jet, now may be the ideal time to do so. "In addition to solving the problems of the increasing cost and uncertainty of obtaining the consistent high quality experience you expect in a private jet charter, buying a pre-owned private jet has major tax advantages that were put in place during the Trump administration, such as 100% write-off of the depreciation of the full purchase price in 2021 – and which will certainly go away soon," Jennings added.

For more advice and information on acquiring or selling private jets:
Email [email protected] or call (310) 980-9069 or log onto https://www.ThePrivateJetCompany.com/

Media Contact

Daniel Jennings, The Private jet Company, 310-980-9069, [email protected]

Chris Lazarus, PR for The Private jet Company, 503-867-1370, [email protected]

SOURCE The Private jet Company

Related Links

https://www.ThePrivateJetCompany.com/