Seabrook, NH, October 2014: Private aviation demand is on the rise, according to the Aviation Demand Index released by Private Jet Services (PJS), a worldwide private aviation consulting firm.
According to the Index, private aviation has seen an 11% increase in qualified demand in Q3 over Q2 of this year, with a 6% increase in the same time period for private aviation trips flown. PJS states that it has also seen a 56% increase in the number of inquiries for private aviation services. The Index is a result of PJS’ analysis of its own data compiled regularly and from a number of different sources.
The company believes that the steady increase in demand is a result of a combination of continued growth throughout the economy and its unique service offerings. Gross domestic product in the economy as a whole has expanded at a seasonally adjusted rate of 3.5% in Q3, a significant rate, though down slightly from the 4.6% growth of Q2.
“The robust growth in demand that private aviation experienced in 2014 is due to the acceleration of business activity in specific industries that are the greatest users of corporate aircraft. PJS alone has seen a marked uptick in demand in the oil and gas, pharmaceutical, government and high-tech industries,” says Founder and CEO of PJS, Greg Raiff.
PJS recently earned a place on the Inc. 5000 list as one of the nation’s fastest growing companies with a three year growth rate of 160%.
The company, which intends to release the Aviation Demand Index on a quarterly basis, expects demand to remain steady into next year.
“I expect the 2014 demand to continue into 2015 for the industry as a whole and for PJS specifically, as our business retains over 90% of our first-time customers due to the unmatched level of service we provide.” says Raiff.
ABOUT PJS: Private Jet Services Group (PJS) is a corporate aviation consultancy providing mission-critical flight services to a global clientele of corporations, professional and collegiate athletic teams, live entertainment tours, governments, and others who recognize the cost of their transportation is far exceeded by the cost of failure. PJS procures on behalf of those clients both VIP and standard configured airliners, regional aircraft, as well as light, midsize, and large cabin executive jets. PJS maintains a repeat-client rate in excess of 90% and this strong client loyalty is the best indicator of PJS' specialization, performance and reliability. PJS acts as an agent for its clients in negotiating and facilitating transportation with licensed air carriers. PJS does not own or operate aircraft.