It’s not an overstatement to say that the travel industry will change forever after the global Covid-19 pandemic. Airlines all over the globe have grounded fleets and have been in need to reduce staff due to a historic drop in demand. The private aviation market is no exception and has also adapted, with repatriation flights and humanitarian missions leading the operations today.
Nevertheless, probably the main change for the business air market has been a shift in the behavior of travelers. Whereas some months ago flights were booked for business or pleasure, ever since the pandemic started in late 2019, social distancing and avoiding crowds are the main traits pursued by clients.
What explains the change? “Reduced exposure and being able to control the travel process are the main reasons that explain this shift”, describes David Gitman, President of Monarch Air Group.
Monarch Air Group, based at Fort Lauderdale, also reports that the new reality brought many first-time private fliers, clients that are choosing private aviation for a means to mitigate the exposure to the novel coronavirus.
What to expect for the second semester of 2020?
All the travel industry is hurting. Canceled bookings and grounded aircraft are the norm these days. Although those in need to fly are opting for private air transportation. In main hubs worldwide, it’s normal to see the same amount of private jets as commercial aircraft in the skies. Under this scenario, Monarch Air Group predicts that private flying will return to normal by the third quarter of 2020.
Private aviation is suffering just like the entire aviation industry during this outbreak. The main feature causing the reduction in volume is a lack of motive to travel; there are no business nor board meetings, conferences, weddings, and sports events, within others. “I would estimate that the total percentage of private fliers versus commercial fliers has increased, but the overall volume of private fliers has declined”, adds Gitman.
Some experts are projecting that commercial aviation will regain its shape in a couple of years, and airlines are even thinking of not offering the middle seat for a while to help with social distancing. Speculations aside, the truth is that passengers will decide when they perceive that flying is safe again.
The private aviation market is a couple of steps ahead thanks to an exclusive boarding process and the possibility to choose with whom you fly. It is also an added value when clients can manage, to some extent, their travel process. And this is only possible with on-demand private charters.
Crises bring opportunities, and due to the lower fuel prices, waiver of FET taxes and the need of operators to move their aircraft, prices are significantly lower. If you need to fly safely, reliably and at a great rate, private aviation, again, is today’s best option.
Established in 2006, Monarch Air Group is a leading provider of on-demand private jet charter, aircraft management and long-term aircraft lease. Among Monarch’s customers are Fortune 500 corporations, leading entrepreneurs, Government agencies, and world-leading NGO’s.