16 February 2021
Private Aviation solutions company PhilJets Group reported yesterday a 20% increase in aircraft sales in the Philippines in 2020 despite the Covid19 pandemic as commercial airline operations were halted to contain spread of the virus.
The sale were mostly private small to medium sized jets and helicopters.
According to PhilJets Chairman Thierry Tea, business travelers have turned to private flights due to travel restrictions imposed on airlines resulting to limited commercial flights.
“Basically, they are business people who need to fly for business or other activities,” Mr. Tea said.
Tea disclosed that Citation jets and Bell helicopters are among the most preferred aircraft because they are “low-cost, cost-efficient, low maintenance aircraft.”
Philjet, which is also involved in private charter business and Grab Helicopter Taxi service, was likewise gravely affected by the pandemic shutdown as it lost more than 50% of its overall business in 2020, with the charter segment contributing the most due to travel restrictions.
“We lost more than 50% of our charter business,” Mr. Tea said.
“It was a very challenging time for us, especially in the first three to four months of the year. If we were only doing a charter business, probably we’re already dead or bankrupt,” Tea added.
Philjet founded in 2006, is engaged in aircraft sales, rental, management, as well as maintenance, repair and overhaul of business jets and helicopters.
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