Private aviation, which includes business aviation, is not one of those static industries where everything stays the same. It’s dynamic and always on the move, literally and figuratively. This makes it important to keep up with the trends in private aviation for 2019, in order to stay relevant in the market.
Operators are predicting growth in the private jet market even though new aircraft sales have been a bit flat of late. That’s good news for the used aircraft market and the growth extends beyond providers to a growing (and younger) clientele. Entrepreneurs and Millennials are ready to explore private travel.
The much-talked-about pilot shortage is still not only looming on the horizon (a shortage of 800,000 predicted over the next 20 years), but is currently felt by the private aviation community as it competes against commercial airlines who offer signing bonuses, regular flight schedules, and longevity.
Shared Charter Programs
Over the last few years, there have been efforts to take seat-sharing on charter flights to the next level. 2019 may be the year to see charter companies come up with a viable business model that bridges the gap between profit and loss.
Impending Regulation Impacts
Time is winding down for those yet to comply with the ADS-B requirement put in place by the Federal Aviation Authority (FAA). This expensive upgrade to tracking systems on older aircraft is required to be in place by January, 2020. It is expected to impact the preowned aircraft market, and possibly increase charter costs for older aircraft.
Increased Demand for Extreme Weather Charters
The number of on-demand charter flights related to extreme weather has spiked the last few years, whether due to fires, flooding, heavy snowfall, hurricanes or other emergencies. This could be for local evacuation purposes, bringing in supplies or crews, or for transport of government officials or media. Since private aviators can fly in and out quickly during these types of extreme weather events, and such events seem to be on the increase, it’s anticipated there will be more of these types of flights this year.
Digital or Die
Die might be a bit dramatic, but it’s obvious the wave of the future is here. Digital communication is no longer something cool, it’s something expected and those who don’t embrace the technology that includes social media, chat, instant messaging, and 24-hour phone support may struggle to compete in the marketplace. Customers expect these services that allow for faster and more efficient exchange of information.
Need for Infrastructure
Along with the predictions for a pilot shortage, are increases in the numbers of passengers, year after year. This could mean that not only will there be a struggle to get enough pilots, it could signal another struggle—to keep up with the needs of airport infrastructure. In the private sector, airport FBO’s, like J.A. Air Center, have done the upgrading needed to meet the increased demand for the long-term.
Interested in Chartering?
Do have a need for, or an interest in, chartering a flight? Give us a call at J.A. Air Charter today for more information or to book a flight.