New Pacific Airlines, an Anchorage, Alaska-based carrier, and Elevate Aviation Group, a Miami Beach, Florida-based private aviation provider, have entered an exclusive partnership.
This collaboration will expand the two operators’ capabilities and offerings within the private aviation sector.
By uniting the expertise and resources of two private aviation leaders, this alliance seeks to deliver exceptional service to clients worldwide.
The Private Aviation Experience
Rob McKinney, CEO of New Pacific Airlines, expressed his thoughts about the collaboration. “At New Pacific Airlines, we’re dedicated to setting new standards in aviation services,” he stated.
“Our partnership with Elevate Aviation Group exemplifies our commitment to providing unparalleled travel experiences.”
“Together, we will establish new benchmarks for excellence within the private aviation sector.”
Randy McKinney, President of Elevate Aviation Group, echoed New Pacific’s enthusiasm. “New Pacific’s skilled team and exceptional fleet are ideally suited to support our large group charters,” he said.
“This collaboration will further strengthen our ability to exceed the expectations of Elevate Aviation Group’s clients.”
“By working together, we anticipate unlocking innovative possibilities and redefining the experience for clients in sports, entertainment, corporate travel, and other large group charter sectors.”
USA Private Aviation Sector
The private aviation/charter sector in the USA is a thriving and growing industry. Here’s a breakdown of some key points:
Market Size and Growth
- The U.S. dominates the private jet market globally, accounting for nearly half (49%) of the total market share.
- The private jet charter industry is projected to grow steadily, reaching $18.35 billion by 2029 from a current valuation of over $11.87 billion.
Benefits and Clientele
- Private jet charters offer several advantages over commercial airlines, including flexibility in scheduling and destinations, privacy, and increased efficiency for business travelers.
- This sector caters to discerning travelers seeking luxury experiences, celebrities, business executives, and high-net-worth individuals.
Industry Landscape
- Numerous charter operators compete in the fragmented market, offering varying fleet sizes and service levels.
- Some major players include NetJets, XOJET Aviation, Delta Air Lines, and PrivateFly
- Interestingly, the U.S. is not only a leader in chartering private jets but also a hub for design, manufacturing, and maintenance of these aircraft.
Economic Impact
- The private jet charter industry is a significant contributor to the U.S. economy, generating over $150 billion annually and employing more than 1.2 million people.
Summary
New Pacific Airlines is a relatively young company, having started operations in July 2023. The new partnership with Elevate Aviation Group, a Florida-based private aviation service provider, seeks to expand their offerings.
Specifically, it aims to potentially cater to a new clientele seeking high-end travel experiences.
With their recent partnership and focus on growth, New Pacific Airlines might be aiming to expand their reach and potentially explore new routes or services beyond their current low-cost model.
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