Major players in the passenger chartered air transport services market are Air Charter Service Group Ltd. , Air Partner Plc, Asia Jet Partners Ltd. , ASIAN SKY GROUP, Delta Private Jets, Inc. , Flexjet LLC, Gama Aviation Plc, GlobeAir AG, NetJets Aviation Inc, and XO Global LLC.
New York, April 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report "Passenger Chartered Air Transport Global Market Report 2022" – https://www.reportlinker.com/p06250362/?utm_source=GNW
The global passenger chartered air transport market is expected to grow from $45.07 billion in 2021 to $48.88 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The market is expected to grow to $64.42 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%.
The passenger chartered air transport services market consists of sales of passenger chartered air transportation services and related goods by entities (organizations, sole traders, and partnerships) that use aircraft, such as airplanes and helicopters, to provide chartered (non-scheduled) air transportation services for passengers at a toll per mile or hour for the charter of the aircraft. Only goods and services traded between entities or sold to end consumers are included.
The main types of passenger chartered air transport market covered in this report are private charter services and business charter services.The private charter services involve in which an individual can rent an entire aircraft on a commercial airline.
It is also segmented by size into light jets, mid-sized jets, large jets, and airliners. The market covered is segmented by capacity into less than 10, 10-100, and greater than 100.
North America was the largest region in the passenger chartered air transport services market in 2021.Asia Pacific was the second largest region in the passenger chartered air transport services market.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The increasing preference for private charters by ultra-high net worth individuals (UHNWI) is expected to drive the global passenger-chartered air transport market.Most UHNWI are inclined towards private charters rather than owning jets.
In the Asia Pacific, Australia leads the market with 57 charter jets for 27 billionaires followed by Singapore which has 30 charter jets for their 28 billionaires.The prevalence of COVID19 has also supported the growth of the market as the individual’s traveling had to maintain social distancing and the UHNWIs were looking for safe and customized travel options.
The growing preference for private charters contributed to the growth of the passenger-chartered air transport market.
Fluctuating fuel prices is expected to hinder the growth of the passenger-chartered air transport market.An Increase in fuel price increases the operating costs of charter flights which increases the rental price of charter flights.
For instance, in March 2019, jet fuel prices hiked by $64.14 per kilolitre in India which is an increase of 8.15%. Therefore, sudden fluctuations in price are expected to impact the growth of the passenger-chartered air transport market.
A custom luxury vacation tour by chartered jets is a major trend gaining popularity in the global passenger chartered air transport services market.People are prioritizing travel, adventures, and unique experiences and private chartered jet services are offering customized tours for a group of travelers for the round-the-world tours as well.
For instance, Abercrombie & Kent (A&K), a luxury travel company, that provides round-the-world tours on all-first-class airliners is now offering personalized tours through bizjet for up to 16 passengers.
In March 2020, Wheels Up, a leader in total aviation solutions, acquired Gama Aviation for an undisclosed amount.The acquisition will increase Wheels Up’s fleet with more than 300 planes owned and operated.
Gama Aviation is a leading private aviation services company that provides aircraft management, private jet charter, and ancillary support for its managed aircraft.
The countries covered in the passenger chartered air transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Read the full report: https://www.reportlinker.com/p06250362/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
__________________________
Homeowners beware. But don't panic, either.
KEY WORDS “I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.
On Wednesday, the Fed bumped up interest rates again, its third 75-basis point hike since June, and signaled that there could be two more such hikes by the end of this year. The conventional wisdom has the Fed acting properly, and aggressively, in an attempt to counter inflation raging at 40-year high levels. But conventional wisdom isn’t always right – and we can learn a lot by consulting the contrarians. Few top investors are more contrarian than Cathie Wood. The founder and manager of ARK Inv
And what it means for your wealth-building options.
Yahoo Finance Editor-in-Chief Andy Serwer explains what investors can learn from historical bear markets.
“We printed up too much money, and just thought the party would never end,” Icahn said, adding that with the Fed raising rates to fight inflation, "the party's over."
Today, with the stock market in meltdown mode, it’s natural to look back at other times of financial woe. The market environment in the 1970s can be particularly instructive.
AT&T Inc. stock is trending on the Yahoo Finance Platform. Here is a visualization of $T performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.Check out the ticker page here.
In this article, we will look at the 4 stocks billionaire Leon Cooperman is talking about right now. If you want to skip reading about Leon Cooperman, his investment career, and his stock-picking strategy, you can go directly to Billionaire Leon Cooperman is Talking About These 2 Stocks. Leon Cooperman’s Investment Career Leon Cooperman is […]
Estate planning goes beyond drafting a will. Use this pre-death checklist to account for your assets and ensure they are dispersed as you wish,
A soaring U.S. dollar is wreaking havoc in markets. Analysts say it will be hard for stocks to find their footing until the currency cools down.
Once just a gaming chip company, it has successfully repurposed its technology to the latest technological advancements, including artificial intelligence and the metaverse. Investors will struggle to replicate such huge returns, but semiconductor stock investors who missed out could perhaps see similar outsized gains by buying stock in one of Nvidia's main rivals, Advanced Micro Devices (NASDAQ: AMD). Admittedly, AMD may seem like a strange choice here since it has slightly exceeded Nvidia's returns since the beginning of 2015, rising by 2,700%.
The hedge fund legend has spoken. Pay attention.
Yahoo Finance Live anchor Seana Smith highlights stocks moving in after-hours trading, including Ford, FedEx, and Moderna.
The shipping company has developed a reputation as one of the best dividend stocks around
Cassava refuted reports Friday that it received a "termination letter" from officials surrounding an investigation — and SAVA stock fell.
Alibaba Group Holding Limited stock is trending on the Yahoo Finance Platform. Here is a visualization of $BABA performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.Check out the ticker page here.
Thousands of words have been dedicated to explaining Warren Buffett's investment strategy over the years, both by the legendary investor himself and others. All of that, however, can be boiled down to one advice: buy quality businesses at reasonable prices.
Institutional ownership of single-family homes has been a controversial topic over the past year. Investors purchased a record-high number of rental properties while many would-be homeowners were priced out of the market. The largest owner of this asset class in the U.S. is Invitation Homes Inc. (NYSE: INVH), a real estate investment trust (REIT) with a portfolio of about 83,000 single-family rental homes as of the end of the first quarter this year. The company’s portfolio is mainly made up of
The UK economy is once again under a microscope with a new prime minister in office and the passing of Queen Elizabeth II.