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If considering an aircraft purchase before year end and the process has yet to begin, speak with a tax and legal expert to take advantage of possible Bonus Depreciation allowed by 2017 Tax Cuts and Jobs Act. You may qualify for one 100% depreciation in first year of ownership if you meet qualifications. You must act before year end to take advantage if you qualify. Normal depreciation is Five Year MACRS or Six Year Straight-Line ADS. This relates to whole aircraft ownership or owning a share of an aircraft.

We invite you to visit or Jet Shares page for more information on our shares program and the benefits of Jet Shares.

Private Aircraft Charter vs. First-Class

Pros and Cons for both examining time, productivity, security and cost efficiencies.

Differences between chartering a private aircraft and booking first class are narrowed down to these efficiency factors:

TIME: If time is worth as much as or more than money, private aircraft charter is recommended for saving the time of long lines in commercial airline terminals for security checkpoints, etc., as well as boarding, deplaning, baggage claim and connecting with ground transportation. Commercial airline delays and cancelations risks affect the time factor exponentially.

PRODUCTIVITY: In addition to time savings associated with private aircraft charters, if traveling with a group for business, the privacy of an aircraft cabin allows for much greater networking and production.

SECURITY: Private aircraft charters afford far better travel discretion when required for confidential business dealings, as well as avoiding the many confrontations and disruptions so prevalent in commercial airline cabins.

COST: If flying a heavily traveled route for personal reasons alone or with one other traveler, and your time value can allow for potential commercial airline delays and cancellations, then a first-class ticket may be preferred. If travelling in a group, private aircraft charters should be evaluated by price per passenger for the selected aircraft. Since flying internationally can be much more expensive for a private aircraft charter, first class may make more sense, depending on how many passengers are in your group and the accessibility and safety of your destination.

Covid Flying – Is The Boom In Private Flying Still Soaring?

As many steered to private flying due to COVID-19, flying private was a necessary luxury in order to be safe from possible spread of the virus. Private flying was typically associated with wealthy executives, athletes and entertainers. However, this was no longer the case. Due to the pandemic, there are now more first-time jet owners, families and smaller businesses flying private.

Commercial flying was down from 90% to 80% in 2021. Private flying now accounts for a quarter of U.S. flights. With the ease of
boarding and safety and having the flexibility to save time, many still continue to fly private as it remains a necessary luxury. The demand for more jets is an understatement, as private jet operators are needing aircrafts in order to fulfill their clients charter requests. Whether you’re looking to continue to fly private
or have interest in a share in an aircraft, we have access to fulfill your jet charter needs.

We invite you to visit our Jet Shares page for more information on our shares program and the benefits of Jet Shares.

Do I Use A Broker Or An App For My Next Private Charter Flight?

We all use apps nowadays for pretty much anything. But would you use one to book a flight on a jet?

In private aviation there are many more details and safety features brokers look into when securing their client’s flights, such as insurance certificates, crew briefings and duty times, flight permits and catering requests.

Booking on an app does not cut the middleman out. It actually works the same way as they do not own or operate aircrafts. As well, not all operators are affiliated with the App companies, which can result in less options to choose from and may not be cost effective for the client.

Securing a broker with expertise and effective communication with crew and operator will ensure the client a safe and smooth trip.

Big Apple Jet is excited to announce our Jet Shares Program – the fractional alternative to charters.

Check out our website for more information on our Jet Shares Program.

According to WingX’s latest Business Aviation Bulletin, business aviation activity is currently outpacing 2019 numbers, with flights up 6% from two years ago in the first week of December. However, the business aviation data specialist claimed activity has slowed week to week, possibly reflecting incremental constraints from the introduction of the Omicron Covid variant, as well as usual seasonal variations.

The increase in the first week of December is “noticeably slower” than a week before, when global activity was up 14% from the same time last year, according to WingX. However, this is still better than scheduled passenger traffic, which is down 30% from last year’s levels. Business aviation traffic increased by 48 percent in the first week compared to the same period last year.

North America has accounted for 3.5 million of the 4.6 million business jet and turboprop flights so far this year, and activity is on par with that of last year. Business jet travel is up 3% year to date and 5% in December in the United States alone. In the United States, there was a 20% increase during the Thanksgiving season.

However, fractional operators saw a 13 percent increase in traffic in December compared to the previous year. Charters are slowing, with only a 1% increase this month.

So far, European business aviation flights are up 8%, but that’s still down from the 30% increase in November. In Germany, activity has returned to pre-pandemic levels, but in the United Kingdom, it has decreased by 10% in December. Flights are down 20% in Austria and Belgium, which are also experiencing lockdowns, compared to December 2019. Flights to Spain, on the other hand, have increased by 42%. Eight of Europe’s top markets are also up, according to WingX.

Flights in the rest of the world are down 4% in 2021 compared to 2019 levels, with Canada, Mexico, Saudi Arabia, and Morocco performing the worst this year. Brazil, the United Arab Emirates, and Turkey are performing the best.

According to statistics from Jefferies Equity Research and Amstat, the aggregate number of preowned business jets for sale last month plummeted by 53% from a year ago and 8% from October. There were 795 business jets available for sale, accounting for 3.2 percent of the active fleet. The inventory of newer-model business jets—those that are in production or have been out of production for less than seven years—fell 62 percent year over year (YOY), corresponding to 2.2 percent of the fleet for sale.

According to Jefferies, the fall has been widespread across market segments, with the biggest drop in inventories occurring in midsize aircraft, which fell 57 percent year over year to 2.8 percent of the active fleet. Large-cabin jet inventory fell 48 percent year over year to 3% of the active fleet, while light jet inventory fell 51% to 3.8 percent of the active fleet.

Last month, Bombardier had 2.4 percent of active fleet inventory, Textron Aviation (Cessna Citation) had 1.9 percent, Dassault Falcon had 2.7 percent, Embraer Executive Jets had 2.1 percent, and Gulfstream had 2.5 percent. Most manufacturers’ list prices increased, with Gulfstream topping the way with a 27 percent year-over-year increase. Bombardier was next, with pricing up 10% from a year ago, followed by Embraer (up 8%), and Textron Aviation (up 4%). According to Jefferies, Dassault Falcon pricing fell 3% year over year.

Large cabin private jet flights surged by 72.9 percent, representing a 45 percent increase over 2020 and a new high for November.

With over 300,000 flights in November, North American private jet flights set a new record, and November 28th became the busiest day in the history of private jet flying with over 13,000 flights.

There’s no sign of a break in the action. In December 2021, Argus TRAQPak analysts predict a 37.4 percent rise in overall North American flight activity over the previous year. In comparison to December 2019, traffic is expected to be up 17.7%.

Flights were 45.1 percent higher in November than in 2020, with fractional operators up 51 percent, charter operators up 40.1 percent, and owned jets up 48 percent.

The huge results were led by a surge of 80.7 percent in Part 135 large cabin jet flights, which increased by 72.9 percent overall. The benefit for fractional operators was 62.1 percent.

In November, midsize jets increased by 55.2 percent, while light jets increased by 43.1 percent. Turboprops came in second with a still-impressive gain of 26.8%.

November figures are often lower than October, according to TraqPak, and this was the case once again. Despite the overall 5.6 percent drop, Part 135 big cabin jets demonstrated their resilience with a 4 percent month-over-month rise.

With 323,000 flights, October reached a new high.

In a recent article on Private Jet Card Comparisons, they explore cuts to service for many already underserved destinations.

Big Apple Jet is here to ensure you reach your destination.

Head over to Private Jet Card Comparisons to read the full article.

Travelers flying from and to more than a dozen cities where United Airlines and American Airlines have halted service may opt for private aviation.

While demand for private aircraft in the United States remains at an all-time high, United Airlines and American Airlines have cancelled flights to over a dozen smaller and midsize towns due to a lack of demand.

The cuts are “indefinite,” according to United.

Kalamazoo, Michigan, Lansing, Michigan, Evansville, Indiana, Mosinee, Wisconsin, Columbia, Missouri, College Station, Texas, Killeen-Fort Hood, Texas, Monroe, Louisiana, Pierre, South Dakota, Watertown, South Dakota, and Twin Falls, Idaho are among the cities that will lose service.

Its hubs in Chicago, Houston, and Denver had been serving the airports. The flights were deemed “unsustainable” due to the influence of Covid.

Meanwhile, according to Business Journals, American has canceled 42,000 flights in January and another 35,000 in February. That’s a 30 percent and 25% reduction from the schedule it had on the books at the start of the month.

According to the website, flights would be canceled in Key West, Florida; Charlotte and Knoxville, Tennessee; and Jackson, Mississippi.

Routes from Los Angeles to Reno and Salt Lake City will be eliminated, but the airline will continue to serve those destinations via other hubs.

What are the advantages of flying by private jet?
Users of the afflicted airports will find it more difficult to fly with the airlines as a result of the service cuts. It has the potential to increase demand for private aircraft.

At the same time, health concerns continue to drive newcomers to private flying, with over 1,000 deaths from Covid occurring every day in the United States as travelers attempt to limit touchpoints. Private flights have fewer than 20 touchpoints, compared to nearly 700 with airlines.

Private aviation users frequently discover that excursions that would normally take multiple days and four or five hours with a connection may be done in a single day when flying privately.

Travelers get closer to where they need to be flying privately before the cuts since they have access to over 5,000 airports in the United States, compared to around 500 with the airlines. In reality, small towns account for 80% of private aircraft flights.