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Amidst non-stop press releases and panels of private jet providers announcing record increases in memberships and sales growth, avid observers looking at actual flight hours and often wondering about the big gap? After all, if flight hours for fraction and charter private jet operators only...
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Wheels Up set to go public through Spac merger

Wheels Up set to go public via Spac merger

A non-public jet constitution start-up backed by buyers together with Serena Williams and Lance Armstrong plans to go public through a merger with a “clean cheque” firm launched by the previous head of the Asian division of a non-public fairness agency co-founded by LVMH.The deal would give US-based Wheels Up, a web-based personal jet reserving platform, an enterprise worth of $2.1bn. It's anticipated to shut within the second quarter of 2021 and would mark the primary personal aviation platform to be listed on the New York Inventory Change. The merger would generate as much as $790m in money, together with as…

Private jets are included in new US COVID-19 test requirements

Last night announcement from the Centers for Disease Control and Prevention (CDC) about COVID-19 Test requirements for travelers arriving by plane to the United States also extends to you aboard private jets. However, this is not expected to be a major problem - as long as you can provide documentation. "We have been going through rules and restrictions and documentation requirements that change daily since the start, so this is not going to be any different," said a private aviation chief who asked not to be named. New requirements for testing COVID-19 for air passengers arriving in the United States…

Markets newest: Ribbit Capital backs Robinhood’s $1bn convertible debt concern

Markets latest: Ribbit Capital backs Robinhood’s $1bn convertible debt issue

Henry Sanderson The value of silver rose by 4 per cent on Friday, a day after a person on Reddit’s WallStreetBets discussion board urged individuals to purchase shares in a number one silver exchange-traded fund to create a “brief squeeze” out there. The value of silver rose to $27.4 an oz. in morning buying and selling, following a 6 per cent rise within the shares of the iShares Silver Belief on Thursday. On Thursday person u/TheHappyHawaiian stated shopping for shares within the ETF would “drive bodily supply of silver” into its vaults, thereby inflicting a “brief squeeze” in the marketplace,…

Americans are increasingly seeking to travel by private jet

Americans long for a much-needed, after locking escape is increasingly seeking information about - and booking - private jets.Air Charter Service - the world's largest airline charter company - said Americans top the list of people asking for information on private jet travel. They are followed by the British, Canadians, Indians, Spanish and Chinese.ANNOUNCEMENTWhat's more, travelers who want to travel within a few days have also increased. Early August figures show a 51 percent increase in bookings for leisure travel globally this year compared to 2019, the company said. Forty-four percent of the bookings in July 2020 were from first-time…

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