Private jet charter companies see significant fleet growth

Private jet usage has surged, leading to growth among major charter companies. NetJets remains the largest operator with over 900 aircraft, including new orders for 250 Embraer jets and options for 1,500 Cessna jets. VistaJet follows with a fleet of over 360 aircraft, focusing on a pay-per-use model. The company has seen significant growth, recording nearly 152,000 flight hours in 2022, up from 60,000 in 2017. Flexjet operates more than 300 aircraft and offers various services, including fractional ownership. Wheels Up, with a fleet of 185+ aircraft, recently received a financial boost from Delta Air Lines, allowing for fleet modernization and enhanced member benefits.