A Taste To Start

Once you have tasted flight, you will forever walk the earth with your eyes turned skyward, for there you have been, and there you will always long to return.

Leonardo Da Vinci

On The Menu

Market Tasting
The Cellar — Alternative assets, ranked by momentum

Asset Price / Index Since Last Issue
Oil
WTI crude / bbl
$84.62 +11.7%
Jet fuel
Jet-A / U.S. avg. per gal.
$7.79 +$1.70 YoY
Gold
per oz
$4,481 +7.1%
Real estate
REIT index — VNQ
$99.46 +0.4%
Classic cars
Hagerty Market Index
flat mkt. mixed
Handbags
Resale — Birkin / Chanel
1.4x retail avg. softening
Bitcoin
USD spot
$71,981 +11.6%
Watches
WatchCharts index
37,915 +10.1% 1Y
Data sourced twice monthly. For informational purposes only — not financial advice.

Tastemaker’s Note → Oil is the cost of admission to the sky and right now, that cost is climbing fast. Jet-A fuel is averaging $7.79 per gallon nationally, up $1.70 year-over-year and rising another $0.70 from July alone. At major private aviation terminals, prices have crossed $10 per gallon, meaning a midsize jet on a two-hour leg can burn $8,000 to $15,000 in fuel before a single other cost. This is what's reshaping the access economy around private aviation. The people buying jet cards are locking in fixed rates before those prices climb further.

And if oil keeps climbing, the math on owning your own jet starts looking less like a flex and more like a hedge because at some point, the people who used to split the plane stop sharing 😉

Letter From The Tastemaker

The things that we look forward to, are most certainly not things. We may buy things to give our lives some added texture. But ultimately we look forward to our passage of time and how warmly its spent…

To be more precise, the private-aviation customer is increasingly not buying an airplane. They're buying hours back. They’re adding more time to spend as they please. And I couldn’t agree with that any more.

Experiences are now the root of the economy. We want to feel something irreplaceable as we enter shops, as we take a bite of food, as we arrive to our new hotel for the week….

Sometimes its as special as getting on a private flight and being served a meal exactly how you like it. Sometimes it’s even seeing thoughtful details like soft pillows with silk pillowcases, which have been known to soothe your sensitive skin.

It’s a reminder that we can each show empathy when in the service of others. That’s what customer experience is all about, right?

The private aviation consumer is seeking that edge when booking a leg to Key West. Subtract the headache of the departure and arrive to the airport 20-minutes prior rather than 2-hours. What a difference it makes to board once you arrive….

The core value proposition isn't just luxury, it's time arbitrage and reliability.

Up until a decade ago, private aviation was all about ownership. But these days, you don't actually need to own a jet anymore.

Fractional and jet-card models exist specifically to solve the two things full ownership can't: unpredictable schedules and capital lock-up.

A typical 1/16 fractional share buys about 50 flight hours a year which is an accessible entry point for people flying privately on short, predictable trips, while a 1/8 share runs closer to 100 hours.

Fractional ownership is typically the better fit for travelers who fly 75+ hours a year and want the structure of an ownership stake, while jet cards suit those who want access without tying up capital in a share or long-term agreement.

The current market is healthy, with flight activity running well above pre-pandemic levels. In the first half of 2026, global average hours per aircraft reached 21.7, about 10% above H1 2019, while fractional operators and private flight departments were each growing more than 10% year over year.

Another useful indicator: fractional utilization was 12% higher year over year in late 2025/early 2026 and 75% above the comparable pre-pandemic period.

And there's a new demographic entering the market. Recent reporting points to newly wealthy technology and AI entrepreneurs driving demand, with the average age of some fractional customers falling significantly.

So the story is changing from more billionaires = more jets.

To:

more wealth + higher value placed on time + greater dissatisfaction with commercial travel + more flexible ownership models = a larger private-aviation ecosystem.

The philosophy quickly changes from, “I own a $50m jet,” to “I own access to the right aircraft when I need it.”

Wealthy clients have always bought beautiful things. But once you have enough beautiful things, time and access becomes the scarce commodity.

That’s a different kind of luxury that most individuals aren’t able to grasp. Champagne and gold-trim is considered “old-school” in comparison to real privacy, functionality, wellness, connectivity and personalization.

The shift that we’re seeing here is more aligned with better wi-fi, comfortable workspaces, quiet cabins, restful sleep, wellness features, personalized food, seamless ground transportation, private terminals, etc.

Remember the silk pillowcase for sensitive skin? The meal prepared exactly as you like it? Your favorite bottle waiting before takeoff? The details are small but the message turns into an irreplaceable memory. Someone truly thought ahead.

No detail goes unnoticed when an experience is considered as a whole.

That means thinking beyond the aircraft itself to the products and amenities onboard, the tools and resources available to the carrier, the service choreography, the keepsake waiting at the destination, the hotel that receives the guest, and the experiences that follow. Each element has the opportunity to know something about the person before they arrive.

The difference here is continuity → The experience is considered from both sides of the journey, so nothing gets lost between the product, the service, the environment and the person experiencing it. A bespoke silk pillowcase onboard the aircraft can be just as much a part of the experience as the destination waiting on the other side.

We craft the experience end to end, from the bespoke products, rituals and tools that enable the carrier to deliver it, to the client’s journey itself, and onward until they arrive home safe and sound.

We need to stop thinking of private jets as static objects and more as personal operating environments.

The future of private aviation lies in taking consideration much further, from personalization to anticipation. Not simply knowing the passenger, but anticipating and designing the environment around them with the products, rituals, services and experiences that make a journey feel entirely their own.

Trend Forecast
What’s Shaping The World

01

Jet Cards Are Growing Faster Than Private Aviation Itself

The overall private jet charter market is projected to grow at roughly 7.9% annually through 2031, but subscription and jet card programs are expected to outpace it at 9.63%, driven by fixed rates and guaranteed availability. The membership model is becoming the growth engine, not just an add on.

Source: Mordor Intelligence

02

Amenity Kits Have Become a Brand Partnership Arms Race

Airlines are stacking real luxury and beauty collaborations into premium cabin kits, Lufthansa with Babor, Etihad with LANEIGE, United with Perricone MD, Air France with Sisley and Clarins. Lufthansa has gone furthest, adding an a la carte skincare menu in first class. It started in commercial cabins, but private operators are watching closely since it quietly resets what passengers expect everywhere.

Sources: Business Traveller, Future Travel Experience

03

The Experience Itself Is Becoming the Onboard Product

VistaJet now offers bespoke experiences like wine tasting at altitude and curated wellness programs as a defined product offering, not a one off request. Where commercial cabins compete on branded kits, private aviation is starting to sell the experience itself as the product.

Source: VistaJet

04

The Jet Has Become the Office, Not the Escape From It

High speed internet, dedicated work zones, and adjustable tables now let executives treat flight time as active working hours instead of downtime. Productivity has become one of the main reasons people choose private aviation in the first place.

Source: Elite Jets, Advent Jets

05

Some Routes Are Growing Faster Than the Market Itself

Private flights from New York to Nantucket rose 192% in a single year, and Abu Dhabi to London climbed 238%. A newly mobile class of ultra high net worth travelers now splits time across multiple homes and cities, and specific routes are absorbing that shift faster than overall market growth suggests.

Source: Safe Fly Aviation, citing Knight Frank

Lifestyle + Experiential Assets

No experience is better than being able to take your furry best friend with you.

NetJets is the world's leading private aviation company best known for pioneering fractional jet ownership. Beyond the speed and privacy private aviation offers, NetJets has built a reputation as one of the most pet-accommodating operators in the industry where pets are welcome aboard all its jets, with the majority of its aircraft types authorized to transport pets even when all seats are occupied. The brand has leaned into this identity publicly, running its "NetPets" Instagram feed featuring pictures of animals in flight, and carrying pets on over 28,600 flights in a single year.

Why I’m intrigued with this onboard experience:
In-cabin, by your side — pets are welcome on all jets and all journeys and can even sit in your lap, rather than being relegated to a cargo hold.
Flexible seating for larger pets — multiple animals may be secured in unoccupied passenger seats, provided their combined weight doesn't exceed 150 pounds.
Hygiene between flights — extra precautions are taken between flights to remove all traces of previous pet travel, easing allergy concerns for the next passengers.
Help navigating red tape — NetJets assists with tricky international entry requirements and the paperwork needed for pet travel abroad.
Low-to-no added cost — recent industry reporting notes NetJets offers free in-cabin pet travel with advance notice required, unlike many commercial carriers' per-flight pet fees.

A birthday in Aspen, a beach week in the Bahamas — with the whole family, four legs included.

(or hit REPLY, and let us source something special for you)

From private air to yacht, yacht to air, or whichever way the journey unfolds, the details never stop at the itinerary….

It’s the extra service, the thoughtful gesture, the willingness to go one mile further, that turns a beautiful journey into an unforgettable one.

P.S. Like my style (and taste)? Work with me.