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BitLux Reports Midyear Private Jet Outlook

Kyle Patel, CEO of global private jet provider BitLux, identifies some key trends for the second half of 2021.As the gap is closing on the private aviation sector's pre-pandemic, as reported by WingX's latest weekly business aviation bulletin, the industry's 2021 performance needs to be interpreted against 2019, evidencing a return to normality instead of a mere rebound from a pandemic-heavy 2020. The most positive numbers stem from the charter segment, especially for domestic flights, which could even exceed pre-pandemic figures.Private Jet FlexibilityThe private aviation sector will continue to demonstrate its flexibility throughout the pandemic. Business jet and prop flights so far this month are up by 123% compared to May 2020, and year-to-date, business aviation traffic is up by 34% this year compared to last, according to WingX. Another important aspect to highlight is the type of aircraft that clients are chartering. As registered by BitLux, very light and super midsized jets are the go-to options when chartering a flight, especially driven by an increase in domestic.On the same line, international travel should remain stagnant overall with some exceptions as travel from South Florida to the Caribbean. Some uncertainty with vaccinations, closed borders, and overall distrust with how some foreign governments have handled the outbreak situation will remain to play a factor throughout 2021 in the eyes of potential international travelers.Work During Leisure TravelWorking from home will remain the norm as businesses are shifting to this standard. This means fewer transatlantic board meetings and long-haul flights for corporate gatherings. Although increased movements to leisure destinations as top executives can take their work to their favorite luxury hotel, alongside their family. In essence, distinguishing between leisure and business travel will be more complex in the future.The previous has also contributed to registering an increased number of first-time flyers. Entire families searching for a safe option to travel to a leisure destination have opted for private aviation as their means of transportation, usually chartering a midsize jet for their flight. And those passengers in need of a quick flight have also relied on this sector's flexibility, amidst commercial aviation's uncertainties.The market will continue offering clients a swift option during a pandemic, minimizing exposure to the virus. This was the case initially in Europe and in the states and is being witnessed more recently in India, where passengers are booking flights to safe retreats in Europe and the Middle East.The OutlookIn essence, BitLux predicts that the global private aviation market will continue thriving during 2021, surpassing pre-pandemic levels even as commercial aviation picks up its pace, especially for the on-demand private aviation segment, fueled by its flexibility and commitment-less proposal for a safe private jet flight. Furthermore, there is an expectation that international private jet travel will increase at the end of the year, thanks to more certainty on the vaccinations and holidays.
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