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Timely tip: Charter Jet Industry Faces Rising Costs, Shortages of Aircraft, Parts, and Labor Share Article Individuals counting on flying by private jet charter may find it increasingly difficult in 2022 – and at least 25% more costly – to obtain an aircraft, particularly on short notice, as a result of several challenges faced by the charter jet industry. Demand fueled by the pandemic is up more than 20%, operating costs are escalating, and now the charter industry is experiencing labor and parts shortages at maintenance facilities, impacting the availability of aircraft, according to Daniel Jennings, CEO of private jet

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Published: Feb. 2, 2022 at 11:00 a.m. ET   The MarketWatch News Department was not involved in the creation of this content. NORTH PALM BEACH, Fla., Feb. 2, 2022 /PRNewswire via COMTEX/ — NORTH PALM BEACH, Fla., Feb. 2, 2022 /PRNewswire-PRWeb/ — Anyone considering buying a pre-owned private jet in 2022 – the last year that a 100% writeoff is possible — should take their time and wait for the currently overheated market to cool and prices to drop, advises Daniel Jennings, CEO of private jet broker The Private Jet Company (TPJC). The Private Jet Company (TPJC) handles private jet sales, jet acquisition, and

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North Palm Beach, FL, Aug 10, 2021 – The explosive growth in the private jet charter business combined with ongoing consolidation among charter operators has created an environment where an increasing number of high-net-worth individuals and businesses are rushing to purchase their first private jet before the end of Trump-era tax incentives favoring outright aircraft ownership, according to Daniel Jennings, CEO of private jet broker The Private Jet Company (TPJC).  And these first-time buyers are making at least five avoidable mistakes along the way, says Jennings.           “Compared to the past several years, we’ve been seeing more than double the

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Increasing Use of Sustainable Aviation Fuel for Private Jets Expected to Motivate More Buyers “The development of Sustainable Aviation Fuel can help reduce solid waste, clean the air, reduce our use of fossil fuels, and lower carbon emissions, but it will also enable aviation to continue to grow on a far more sustainable basis,” said Daniel Jennings, CEO of The Private Jet Company An overview of the development to date of Sustainable Aviation Fuel and implications for the environment and for the market for private and business jet aircraft, according to private jet broker The Private Jet Company. NORTH PALM

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Increasing Use of Sustainable Aviation Fuel for Private Jets Expected to Motivate More Buyers “The development of Sustainable Aviation Fuel can help reduce solid waste, clean the air, reduce our use of fossil fuels, and lower carbon emissions, but it will also enable aviation to continue to grow on a far more sustainable basis,” said Daniel Jennings, CEO of The Private Jet Company An overview of the development to date of Sustainable Aviation Fuel and implications for the environment and for the market for private and business jet aircraft, according to private jet broker The Private Jet Company. NORTH PALM

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Private Aircraft Trends Twice as Many First-Time Buyers Looked for Private Jets at End of 2020 vs. 2019; Advice on Aircraft for First-Time Private Jet Buyers North Palm Beach, FL, February 17, 2021 – Driven by continuing concerns about Covid-19, the resulting cuts in commercial air service, and the possible end of Trump-era tax benefits favoring private jet ownership, the number of businesses and wealthy individuals looking to buy a private jet for the first time  doubled, compared to recent years, according to private jet broker The Private Jet Company (TPJC),  providing  sales, acquisition and consulting services to private jet

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The Private Jet Company (TPJC) – Pre-election anxiety about the possible end of Trump-era bonus depreciation and tax incentives that favor private jet ownership, tight supply and the continuing Covid-19 pandemic are pushing Q4 demand for private jets to an all-time high. “There is high anxiety that the Trump administration’s bonus depreciation and tax incentives which have benefitted private jet buyers will disappear. That means there may be limited time to take advantage of these favorable financial conditions.” NORTH PALM BEACH, Fla. (PRWEB) October 28, 2020 Pre-Election Indecision, Continuing Covid-19 Concerns, and Tight Supply of Pre-Owned Aircraft Drive Up Demand

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Wealthy Fliers Worried About Coronavirus Turn to Private Jet Service As business executives curtail their travel, jet service providers are shifting to meet the demand from people concerned about getting on a commercial flight. By Paul Sullivan – New York Times – May 30, 2020 Commercial air travel has plummeted in the pandemic, but interest in private jet service is surging, particularly among people who have not paid to fly privately before. For years, jet service providers have ferried corporate executives and wealthy leisure travelers who paid high fees for the privacy and security. Now, those same companies are shifting to

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Concerns about health and the vastly reduced flights of commercial carriers during the pandemic are driving a surge of interest in private aviation among businesses and wealthy individuals, despite the economic uncertainty of these pandemic times. While some are flocking to jet charters or “fractional” ownership arrangements to avoid the health risks of traveling with strangers and to gain the flexibility of flying where and when they need, companies such as The Private Jet Company (TPJC), providing sales, acquisition and consulting services to private jet buyers and sellers, are also seeing an uptick in the demand for pre-owned jets, a

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