Private aircraft operators are breaking the deceleration informed by the US commercial airlines. In recent weeks, reinforcing the hopes of industry executives that the premium end of the aviation market remains more resistant, at least in the short term.
“We have not seen the weakness that others have reported. We may be isolated from it. We may see it in a posterior phase if the erosion of consumer confidence continues,” said George Mattson, CEO of the Aviation Company at the request Wheels Up Up, to Semafor.
Delta Air Lines, who sold her private aircraft business to Wheels and is now her biggest shareholder, was one of the four US operators to reduce her guide for the quarter. Dilating the confidence of consumers and businesses, together with the low expenditure of the United States government on trips as the Trump administration reduces agencies budgets, has eliminated the S&P 500 Passenger Airlines index by 20% in the last month.
However, the upper end of the market has been more solid, however, United CEO, Scott Kirby, told an investor conference that “International, Long rises, Hawaii, (y) the premium is still really strong.”
In a sign of trust, Global Vista, the private aviation group behind the Vistajet and XO brands, this week obtained a capital injection of $ 600 million from a group of investors led by RRJ Capital. Embraer’s shares also reached a record after announcing the largest order in their 30 years of history last month, to provide flexjet with up to 212 aircraft under an agreement worth up to $ 7 billion at current list prices.
