FlexJet SPAC Presentation Deck
Private Aviation is at an Inflection Point...
Demand for Private Aviation has increased significantly...
(1)
(2)
(3)
Increased focus on health, safety and convenience
Desire for privacy and unique family experiences
Improved access to a diverse set of product offerings
Growth in first time fliers - Underpenetrated market with only ~90% (¹)
of people who can afford to fly private doing so pre-COVID
(In thousands)
1,308
2019
Total Flight Hours(2)
+45.3%
1,900
2021
...leading to Consolidation in the sector
The top 5 Operators control 35% of the Private available Commercial
Jet Aircraft Fleet
In 2018, only 2 Operators had Fleets of over 80 Aircraft
In 2022, 7 Operators have Fleets of over 88 Aircraft
% Private Commercial Fleet Controlled by 5 Largest Operators(³)
28.2%
2018
29.0%
2019
32.6%
2020
34.3%
2021
McKinsey & Company report dated May 15th, 2020.
Wingx data including flight hours globally of United States registered aircraft (N-Registered Tails) for Fractional, Branded Charter and Aircraft Management operators. Excludes Part 91/ Non-Commercial operator flight hours and turboprop aircraft flight hours.
FAA Part 135 Aircraft Listing from OpSpec D085 database for periods December 31, 2018-2021 and August 30, 2022. Only includes twin engine business jet operators with 4 or more aircraft on certificate.
FLEXJET.COM
12
35.1%
2022View entire presentation