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Private Jet Ownership and Fractional Ownership Is on the Decline

March 31, 2021
in Aviation
25BAJit2021SJP07366

Presented by ONEflight – News sources recently reported that private flights overall were running at 70% of previous year’s levels, while commercial traffic remains down 67%. The demand to fly private is not slowing down and is reshaping the entire aviation industry. Fractional ownership providers are experiencing this ongoing trend in their bottom lines, as just reported, the largest players in this space saw annual revenues fall and flights decline last year. Additionally, according to the General Aviation Manufacturers Association, new private jet deliveries are off 24%, the lowest since 2004. And last month, Bombardier said it would cease production of its storied Learjet before the end of the year, and will have to cut 1,600 jobs.

186BAJit2021SJP07797 Edit

However, Denver-based ONEflight International Private Jets is off to another promising start for 2021 as even more individuals continue to seek out private jet travel and are finding ONEflight as the best solution to fit their changing needs. ONEflight is still seeing exponential growth even above their 2020 record levels in both new member growth and in the volume of flights being booked via their unique private jet booking platform (Book-A-Jet). BAJit.com. Although no one wants to see competitors or partners in the aviation sector suffer these types of losses, it is more proof that ONEflight International has been ahead of the curve for years as related to the growing shared economy demand and the “Uberization” of private jet travel. “Survival of the fittest” is a motto ONEflight lives by, and their executive team is nimble enough to quickly adapt and make changes based on market demands to better serve client’s wants and needs.

These changes come from ONEflight’s ability to utilize and leverage the massive floating fleets of the top 500 operators they partner with worldwide, versus relying on an owned/fixed fleet of aircraft that have to make their “way home” after completing a flight. ONEflight IS making a dent in solving the industry’s unsolvable empty leg problem. With updates and new technology being introduced on “The BAJ”, plus the ongoing expansion of their current network of operators ONEflight continues to provide unequaled availability and proven ultra-luxury service for its members.

Follow ONEflight International online @oneflightinternational, visit BAJit.com / ONEflight.net, or contact Mark Dismuke, Vice President, directly at +1.720.684.5650 or markdismuke@oneflight.net

Visit BAJit.com
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