Air Partner reports US-driven jet card growth
Air Partner‘s private jet business has seen a 56.8% increase in jet card bookings globally from the beginning of February to June’s end compared with 2020.
Growth has been driven by the strong performance in the US, where the firm has seen a 152.9% year-on-year (yoy) increase in bookings and 225% increase in new jet card members. The value of jet card customer deposits in the US is also up nearly 113%% yoy .
The number of new members is also up 36.8% yoy, while customer deposits are up 85.2%.
David McCown, president, Air Partner Americas, said: “We are very pleased to see sustained demand from high-net-worth individuals in the US, who have come to rely on our JetCard product for their flying needs throughout the pandemic. We have seen strong growth in deposits and bookings from both new and existing customers and we expect to see the momentum continue.”
In the UK, activity is now back at pre-Covid levels. JetCard bookings are up 6.3% and customer deposits are up 82.4% yoy, despite the wider downward market trend, said Air Partner.
Demand has recovered faster for the operator’s JetCard product compared with ad-hoc flying. In May last year, Air Partner launched JetCard 5 in Europe, its first product with a prepaid package of five hours. It was designed to meet the needs of flyers during the pandemic when disruption and restriction was commonplace.
Mark Briffa, group CEO, Air Partner plc, said: “It is extremely encouraging to see such strong growth in our Private Jets business, particularly in the US, and the growing popularity of our JetCard product among both new and existing customers globally. In this environment, customers especially value the flexibility offered by our JetCard.”