Channel Eye
Jersey Sport
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Finance
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing
  • Lifestyle
    • Arts & Culture
    • Charity & Community
    • Food & Drink
    • Health
    • Home
    • Music
    • Leisure
    • Travel
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Alderney
    • Events in Isle of Man
    • Virtual events
    • All events
    • Past Events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • Advertise
  • Subscribe
No Result
View All Result
Channel Eye
No Result
View All Result
Jersey Sport
Home Business Transport

Private aviation opportunities buoyant as result of passenger airline crisis

March 11, 2021
in Business, Finance, Guernsey, Isle of Man, Jersey, Transport
FlyEliteJets Jep plane Falcon 2000
Share on LinkedInTwitterFacebookEmail

The passenger airline crisis is serving-up multiple opportunities for private aviation, says Fly Elite Jets

  • Private jet demand is up 70%
  • Registration services for private jets and helicopters is buoyant

The Covid induced crisis in commercial passenger aviation is transforming both passenger and freight airliner ownership patterns, as stored passenger airliners are reluctantly sold-on to avoid high leasing costs, says Christopher Williams-Martin, CEO of FlyEliteJets.

As a result, significant new growth opportunities are now emerging in the private aviation sector: high net worth and ultra-high net worth Middle and Far Eastern cash buyers now swoop in to buy up idle passenger planes, then convert these to freight use. The demand for aviation freight has never been stronger, says FlyEliteJets, making airline freight an attractive and growing market.

Change on this scale has also led to business booming in related markets, such as the private aeroplane and helicopter registration sector, reports ZEDRA, a specialist in this area.

Andrew Wilson, head of marine and aviation at ZEDRA, who advise on ownership and taxation structures for private jets, notes substantial interest in the market for private jets over the last year. “At the start of lockdown in March 2020, we saw all sectors slow dramatically, as it was not clear at that time how the new market reality would look. Now twelve months on, it is clear that commercial passenger aviation is likely to remain subdued for some time, even with the vaccine programme rolling out successfully in the UK, but demand for private jet ownership has soared.4

“In particular, we are seeing increasing enquiries around new ownership structures, as leasing companies move assets, i.e. aircraft, away from commercial airlines into the hands of high net worth and ultra-high net worth private clients.  These groups may be buying distressed assets or repurposing an asset.  Either way, we have seen a sustained increase in the level of enquiries and new business around the registration of private jets, the demand for advice on how best to hold this asset and of course jurisdictional registration questions.

Demand for traditional private jet ownership is also soaring, notes both ZEDRA and FlyEliteJets, as business leaders look to adapt to the new reality of border controls and enforced quarantines by shifting international business meetings onto a day return basis. At the same time, private helicopter ownership and usage is booming, as CEOs fly directly point to point for meetings, avoiding contact with the wider public.

Aircraft are now rarely on the ground, with demand up by 70% since the third quarter of 2020, as business owners and VIP travel starts in earnest.

FlyEliteJets explained that its helicopter passengers now benefit from enhanced safety with perspex screens dividing pilots from passengers and dual air supply for the cockpit and VIP cabin. FlyEliteJets private jets and helicopters undergo intensive sanitisation before and after every flight to safeguard clients.

Tags: AviationFlyEliteJetsZedra
ShareTweetShareSend
Tim Bullock

Tim Bullock

Related Posts

Mario Cohn
Finance

Four wealth management trends taking over in 2023

December 13, 2022
Graph computer finance
Finance

Zedra adopts Clausematch as part of its digital transformation  

October 17, 2022
Steven Bowen
Finance

Zedra completes acquisition of BNP Paribas Jersey Trust Corporation

August 30, 2022
Next Post
Condor

Condor confirms no Covid-19 test requirement on high speed vessels

CBO projects
Caring Cooks
Channel Eye subscribe

Subscribe to our newsletter

Get the latest, no-nonsense, essential news and information direct to your inbox.
  • Home
  • Business
  • Lifestyle
  • Events
  • Directory
  • Privacy Policy
  • Contact
  • Advertise
  • Subscribe

© 2023 Channel Eye Limited

No Result
View All Result
  • Home
  • Business
    • Appointments
    • Data Protection
    • Digital & Technology
    • Environment
    • Features
    • Finance
    • Interviews & Profiles
    • Leadership
    • Legal & Professional Services
    • People
    • Property
    • Retail & Hospitality
    • Transport
    • Wellbeing
  • Lifestyle
    • Arts & Culture
    • Charity & Community
      • Macmillan
    • Food & Drink
    • Health
    • Home
    • Music
    • Leisure
    • Travel
  • Events
    • Events in Jersey
    • Events in Guernsey
    • Events in Alderney
    • Events in Isle of Man
    • Virtual events
    • All Events
    • Past Events
  • Directory
  • Location
    • Jersey
    • Guernsey
    • Alderney
    • Isle of Man
  • Advertise
  • Subscribe
  • Contact

© 2023 Channel Eye Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.