In February of 2017, the council for the city of Santa Monica unanimously voted to
You’ve decided that you need to charter a jet for your next business trip. Now what? Let’s be honest, cost might be one of the factors (or NOT!), but there are a few essential points you need to address when speaking to a charter company. Let’s get right into it:
We asked our Director of Flight Support, Patricia Reed, to give her tips for gearing up for Super Bowl 50 in terms of private aviation. With over 15 years’ experience (or 15 Super Bowls’ experience) in the private aviation industry under her belt, and decades of pilot’s experience, Pat laid out her valuable advice based on memorable experiences in aviation during this busy season. Get the real scoop on how to prepare if you want to make it to the game on time and in style without worrying about anything but the good times to be had.
July 2014 vs. July 2015
According to TRAQPak , July 2015 saw the largest year over year rise in overall flight activity since February 2012 with an increase of 5.6%. The results indicated substantial growth in the Part 135 market, up 9.6% from last year (more than 3 x’s the increase than the fractionals providers) .
Did you know that Van Nuys is the busiest Private Jet Airport in the world? The Van Nuys Airport averages about 260,000 takeoffs and landings per year. There are many factors that play part into that high number of flights. Number one reason being the close proximity to Hollywood, Beverly Hills and Downtown Los Angeles. Los Angeles International Airport is one of the busiest commercial airports in America, which can be quite hectic to navigate. Making Van Nuys an attractive alternative for many passengers. Van Nuys is also known as the airport of choice for movie stars, famous celebrities, politicians and business executives traveling to southern California. No commercial airlines fly into this airport; only private planes, charters and small commercial are allowed access.
Private Jet Charter Cuts Member Fees on Cheaper Fuel
By: Hailey Lee; CNBC
Plummeting oil prices are turning out to be a boon for private jet aficionados.
In order to reflect the lower price of oil, private jet charter companyMagellan Jets announced it is cutting fees for all membership contracts made after Jan. 15 by 16 percent.
U.S. crude tumbled to $46 this week, the lowest since April 2009, withBrent crude falling below $50 a barrel, the first time since May 2009.
The cost of Jet A, a type of fuel used by private jet aircraft, fell 7 percent to 9.5 percent in the past 12 months, based on research conducted by Jet Advisors, private jet brokerage and research firm. Magellan anticipates this trend to continue as the retail market catches up with wholesale oil prices.
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Minimize Your Risk When Using Private Jet Charter Companies
Five Questions to Ask Your Air Charter Service, to help you manage your risk and ensure a quality and reputable organization is handling your private charter flight. Written By: Bryan Burns; President of Air Charter Safety Foundation
Many variables are juggled when it comes to pricing for each charter flight. Chartering a plane is a bit more complicated than simply renting a car for the weekend. Sure, most charter companies have the ability to easily provide you a charter price from their website, but there is more that comes into play than simply calculating a quote. Working with the right aviation professional is vital in obtaining the most value on the best aircraft for your needs.
Are You Getting a Fair Price? By Andy Parker; Twenty-First Securities Corporation
Over the last twenty years, by most measures, the process of buying and selling securities has become much more efficient. Stock commissions have dropped dramatically, bond prices have a much greater level of transparency, and Wall Street has invented many new products to help investors gain access to markets generally not available in the past. Asset classes such as commodities, master limited partnerships, and even market volatility levels are now readily available in the form of exchange-traded funds. By and large, the news for investors is good. Furthermore, the story seems simple – competition and creativity are up and prices are down. Behind the scenes however, the story is much more complex. In the 1980’s, Wall Street was a fairly small place and was largely controlled by the top ten or fifteen firms. The “facilitation” of stock and bond trading for clients was quite profitable and the larger securities firms committed significant amounts of capital to that enterprise. Since those days, the world has changed dramatically. Now, instead of a small group of Wall Street firms controlling the business of securities trading, the process has been fractured amongst a wide array of participants. Market liquidity is now provided by large brokers, banks, hedge funds, options traders, futures traders, quantitative (high frequency) traders, and a long list of other market players. A critical piece of this story is that the “facilitation” of client trading has essentially disappeared. Any capital committed to the business of buying or selling securities is done purely for trading profit – commissions are so low that they essentially don’t matter any longer. In recent months, perhaps spurred by Michael Lewis’ book “Flash Boys”, there have been a number of articles1 written on the value of human intervention in security order execution. In our experience, trade execution purely by a computer keystroke can be costly. And while this is true with most security trading, the issue grows dramatically as transactions expand in size and complexity. An example is worth sharing. A few weeks ago, we were asked by a client to price a two-year hedge on a roughly $90mm equity position. We asked 8 dealers to bid on this transaction and the values took the form of a percentage of the “floor” the dealer would be willing to “advance” to the client. The ancillary details of the transaction are not important but the bids we received are seen to the left. Each one of these prices came from a major financial institution. Importantly, there was no pattern to the pricing and our experience is that pricing is very “name-specific” – a dealer can simultaneously have the best price in one security and the worst in another. Pricing is driven by existing dealer positions, existing client orders, perhaps a trader’s market view, etc. Yet on a 2-year, $90mm transaction, the spread between the best price and the worst was over $8.5mm. Perhaps more important, the spread between the best price and the median price was nearly $1.9mm. Stating the obvious, this is strong evidence of the value of competitive bidding (and pays for quite a few dinners with your favorite broker). Also critical, our experience is that counterparties sometimes base their pricing on their perception of the client’s level of knowledge. At Twenty-First, we spend considerable time monitoring market pricing levels. Dealers recognize that we’re an educated customer and their pricing is reflective. Acting as our client’s advocate is what we do at Twenty-First Securities. Getting competitive pricing on complex transactions is a key component of what we provide. We also believe that taking the time to add value through careful order execution can create important incremental returns. We have multi-year relationships with many dealers. We know them well and have developed a mutual respect as well as a deep understanding of appropriate business practices. At Twenty-First, we focus on finding the best solutions for our clients. As always, we welcome your questions and comments. ______________________________________________________________________ 1. Ludwig, Olly, “Trading Upstairs”, ETF.com, Sept. 3, 2014, trading_upstairs_Ludwig_ETF.com Twenty-First Securities ♦ 780 Third Avenue, 24th Floor ♦ New York, NY 10017 ♦ 212.418.6000 ♦ www.twenty-first.com
De-Mystifying Charter Quotes 9 Key Questions About Your Charter Company
With the right knowledge and understanding, it is not difficult to distinguish whether you are working with a top-notch aviation company, or a group of salespeople with absolutely no aviation knowledge. Inside this free white paper we will help you distinguish between the two by asking these 9 important questions!
It’s that time again; the World Cup is set to “kick-off” next month in Brazil! Held just once every four years, the World Cup is a major tournament of stunning atmosphere, excitement and anticipation. This summer’s event will put Brazil in the spotlight and it will stay through the World Cup and the Olympics to follow in 2016.
While Brazil is preparing themselves for the big event, fans should be doing the same when it comes to private jet travel to the World Cup. More than half a million soccer fans are planning to descend on the host country to enjoy the festivities and according to Aviation International News, close to 11 percent of those fans will arrive via private charters. With the foreshadowing of overcrowded airports, many host cities airports will be subject to a slot system for the duration of the tournament. Magellan Jets has already seen an increase of requests for private flights to the World Cup. Our number one tip would be to book early!
Did you know that almost 32 percent of private aircrafts in the sky are flying empty? Empty legs are those flights returning to their point of origin upon completion of a one-way flight. These empty one-ways have the ability to further reduce your cost when the aircraft is heading in your direction.
Magellan Jets is your private jet solution for the 2012 Summer Olympic Games in London.
This Father’s Day, give your Dad the gift of time with Magellan Jets’ special 10-hour
The United Kingdom is preparing for an estimated half a million foreign visitors to descend
Access the safest and highest quality aircraft on a trip-by-trip basis.