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Dear Aeros:
A new year.  A fresh start!  We predict 2024 is going to be a tumultuous year for commercial aviation. Airlines historically oscillate between feast and famine with little stability in between.  The latest cycle was famine during COVID abruptly turning to feast as the masses scramble to get away and splurge on post lockdown extravaganzas.  It's a spendthrift's paradise. But the backbone to airline profitably is not the "discretionary" tourist class.  It's the high spending, regular business traveller. But widespread business travel is not bouncing back and it ain't gonna anytime soon.  Maybe never.  The business owner/CEO upper tier is seeking private alternatives that are more reliable and time efficient while the rest hop onto Zoom/Teams meetings.  Permanently.

So what happens next?  I predict that over the next two years airline capacity will contract by at least 10 percent.  Cuts will first appear (and already have) on thin feeder routes.   Onerous "climate change" government policies are forcing the elimination of short haul routes.  This has already happened in France where domestic flights under two hours were banned.  This regulation does not apply to private jets.   YVR, YYC, YYZ and YUL have all implemented mandatory slot control so as to reduce traffic. World tensions and WEF efforts to restrict air travel for the benefit of elites will strengthen the headwinds about to hit the major airlines.   

What does this mean for the business traveller whose business relies on face-to-face meetings and just needs to get "there"?   Logistical nightmares and higher cost.   And when airlines come out of the other end of the inevitable downturn my prediction is it will not be business as usual.  Some may not survive.  We are headed back to the future of "Pan Am" expensive travel booked exclusively by the affluent and with a much reduced capacity.   I have said for years that the death knell to profitable, sustainable airline operations was the 747.















Even Pan Am's longtime CEO and Chairman Juan Trippe, the brainchild of the 747 together with Boeing's CEO Bill Allen hatched on that fateful Alaskan fishing trip back in 1965, resigned a year before the big bird hit the skies in 1969.  What did he know that triggered his surprise departure? Maybe that Pan Am would sink into the red for the first time in 1969 and would never return to profitability until it was put out of its misery in 1991? Hmmm....  

I believe that mass high-volume airline transport is ultimately doomed to failure. How many passenger 747s do you see at airports today?  Even Airbus recently confirmed it will not be restarting its A380 program, which was shut down four years ago on Valentine's Day no less.

So back to AeroOne. With this prediction in mind we are preparing the necessary infrastructure to offer smart private jet ownership for the astute and cost conscious buyer, throughout North America. We offer aircraft from light, midsize to heavy in quarter, half, third or full share and if you charter out some of your surplus time allotment, you should be able to buy in and fly, hassle free, at prices that are much lower than traditional ownership, fractional and jetcard programs and even charter if you are travelling 80 or more hours per year.  You will be able fly truly on demand, avoid air terminals, security and TSA lineups and visit multiple cities in a day and be home same night.    

On that note, if you buy you can put your aircraft into our pool of Jet Logistics charter jets or even make money flying vital organs to hospitals like Cleveland Clinic and Mayo Clinic where Jet Logistics has exclusive contracts.  Make your jet create value, earn money for you while doing good deeds during times you are not using it.
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This month we are pleased to provide the popular Midsize Aircraft Comparison. We had hoped to provide an in-depth market report this month but are awaiting some figures so that will appear next month. 

Let us know what you think of our program and Newsletter.  We would love to hear from you. 

And as always, private jets are not a luxury.  They are a necessity for us.  

Happy Flying,

Roger Proctor, CEO