Earlier today Malta-based VistaJet reported Program Membership sales up a record 57% and customer retention hit 91%. Last month Flexjet, a unit of Directional Aviation announced it was hiring pilots for the first time since 2015. The good news from these five companies underscores a shift away from direct ownership with new aircraft deliveries stagnant and the market for used private jets still tepid. On the opposite side of the private aviation world, Wheels Up focuses on targeting the 80% of private flights that are under two hours. It also draws from corporate executives who fly the company plane for business but need their own personal private aviation solutions.

Source: Forbes July 05, 2017 11:48 UTC