The VIP Seat: Private Aviation News

Jessie Naor and Preston Holland | Experts in Private and Corporate Aviation

Join Jessie Naor and Preston Holland on The VIP Seat for the latest insights in private aviation, covering business aviation trends, private jet reviews, and more. We break down the biggest stories of the week in corporate aviation, from jet charter trends and Part 135 shenanigans to aviation safety news that the big players hope you'll miss. Expect hot takes, sharp analysis, and real talk with industry insiders, operators, and disruptors. Whether you’re flying private or an industry insider, buckle up and let's take off.

  1. 21 hrs ago

    Air Force One Retires, NetJets Faces Tragedy & AirShare Goes Viral

    This week on The VIP Seat, Jessie Naor and Preston Holland break down a packed week in business aviation. We start with Global Jet Capital’s $659 million aircraft-backed securitization and why Fortune 500 companies use operating leases for corporate jets. Then AirShare CEO John Owen joins us for a special Mile High Madness segment after the company went viral offering to fly Freddy to a World Cup match on a private jet. We also discuss the retirement of one of the classic Air Force One 747-200s, the controversy surrounding the Qatari 747-8, and Boeing’s delays on the next presidential aircraft. In safety news, we cover NetJets’ first fatal accident, the industry’s reaction, and why everyone is waiting for the NTSB’s findings. Jessie also explains the first confirmed NTSB preliminary report involving GPS jamming in a fatal medevac crash. Plus: the American pilot finally home after being detained in Guinea, Magellan Jets’ M&A strategy, charter brokerage consolidation, and why gross marketplace value is not the same thing as revenue. Topics include: -Global Jet Capital aircraft securitization -AirShare’s viral Freddy World Cup offer -Air Force One 747 retirement -Qatari 747-8 presidential aircraft controversy -NetJets fatal accident -GPS jamming and aviation safety -Pilot detained in Guinea returns home -Magellan Jets M&A strategy -Charter brokerage consolidation -Private aviation finance and safety news

    38 min
  2. Jun 10

    Kenny Dichter on Billion Dollar Revenues, Leaving Wheels Up, and Keeping it REAL

    This interview with Kenny Dichter and Robert Withers of REAL Jet covers the founding of Marquis Jet, the success of Avion Tequila, the experience with capital markets, the growth of Wheels Up, and the impact of going public on the industry. It also highlights the importance of authentic conversations and the journey to becoming a billion-dollar company. The conversation delves into the challenges faced during COVID, lessons learned, and the evolving landscape of the aviation industry. It also explores the transition from Wheels Up to RealJet, the vision for RealJet and Real SLX, and the unique hospitality model of RealJet. The synergy of REALJet, REAL SLX, and REAL come from learnings at Wheels Up. Takeaways Authentic conversations are what drive our industry forwardSuccess in the private aviation industry requires strategic partnerships and innovative business models. Adaptability and resilience are crucial in navigating challenges in the aviation industry.Safety, trust, and quality are essential components of a successful aviation business. Chapters 00:00 RealJet Sponsorship05:21 Founding of Marquis Jet10:54 Success of Avion Tequila17:56 Growth of Wheels Up23:13 Journey to a Billion Dollar Company28:47 Going Public and Industry Impact34:12 Lessons Learned in Challenging Times40:07 Safety and Trust in Aviation45:25 The Vision for RealJet and Real SLX53:28 RealJet's Unique Hospitality Model01:00:45 Encouragement for the Future of Aviation Thanks to AB Jets and REALJET for sponsoring this week's episode of The VIP Seat! Check out our newsletter at The VIP Seat.

    1h 1m
  3. May 13

    ATG Not Dead Yet, FlyExclusive’s “Positive” EBITDA & Apocalypse Private Jet Tracker

    From Gogo’s latest ATG whiplash to the world’s first piloted hydrogen‑electric helicopter circuit, this week’s VIP Seat is packed with the stories insiders are actually talking about. In this episode, Jessie Naor and Preston Holland break down the most important—and the strangest—moves in business aviation right now, with their usual mix of data, operator reality, and memes. We start with Gogo’s 5G saga and the surprise six‑month reprieve for legacy ATG users. After years of delays, chip and software issues, and shifting launch timelines, Gogo’s next‑gen network is supposed to be ready for prime time, but a last‑minute software problem has pushed the full conversion again, and the FCC has allowed classic ATG to stay on until November. Jessie and Preston talk about what this means for operators who scheduled downtime, paid for upgrades, and now feel like they’ve been jerked around—plus why Starlink‑equipped fleets like ABJets suddenly look very smart. FlyExclusive has finally turned the adjusted EBITDA corner while still relying on some non‑cash fleet‑modernization add‑backs, and the team digs into what that actually tells you about the business versus the headline “we’re positive now” story. They look at revenue mix shifts away from pure wholesale charter, why uptime and aircraft choice (CJ3+, XLS, Challenger) show up directly in contribution margin, and how moving to more fractional and managed structures is changing the economics. Then it’s over to Wheels Up and its ongoing turnaround. The hosts unpack the latest from Delta‑backed financing, new mezzanine capital, and a fleet reshuffle away from aging Hawker 400XPs and Citation Xs toward Phenom 300s and Challenger 300/350s. They talk about what 10% gross bookings growth really means when you’re still burning cash, why on‑time performance is a meaningless KPI in private aviation, and how the new ability to use Wheels Up funds to book Delta flights inside the app might help chip away at that giant prepaid liability balance. On the OEM side, it’s a very different story. Embraer is battling US tariffs that are squeezing margins even as its backlog remains strong, while Gulfstream posts higher revenue, more deliveries, and a big jump in services income for both Gulfstream and Jet Aviation. Bombardier continues to ride a huge order book and refinance older debt on better terms. The hosts discuss whether OEMs are forgetting what a downturn feels like—pulling back from trade shows, refusing to deal much on price—and what that means for operators who need the OEMs as partners when the cycle turns. If you live in business aviation—operator, broker, OEM, financier, or just a hardcore airplane nerd—this episode gives you a fast but deep scan of everything that matters this week: connectivity drama, earnings quality, real market sentiment, future propulsion, safety data gaps, and the memes that keep us all sane.

    35 min
  4. May 6

    Aviation News Mega Show: Spirit Collapse, Piaggio Return, Wifi Wars

    Spirit Airlines’ big yellow buses have officially been parked for good, and this week we unpack what its bankruptcy and shutdown really mean for fares, competition, and consumers in key markets like Fort Lauderdale, Newark, and beyond. Jessie and Preston wrestle with the bailout question, government intervention in failed mergers, and whether killing the Frontier and JetBlue deals helped set Spirit up for failure. They also share their own very mixed experiences on Spirit’s “big front seat” and what the loss of an ultra-low-cost carrier does to ticket prices on the majors. From there, the conversation climbs to 43,000 feet and straight into the Wi-Fi wars, where Starlink is rapidly eating Gogo’s lunch in business aviation with significantly higher speeds and growing airline deals. Jessie breaks down the sunset of legacy Gogo ATG 4000/5000 systems, the pricey stopgap C1 box, and why many operators are eyeing next-gen satellite solutions instead of patching old air-to-ground gear. They look at Gogo’s battered share price, the Satcom acquisition, and whether the company can really compete with Starlink’s momentum, or if diversification is now its only path forward. In Mile High Madness, the hosts roast AI-slop LinkedIn “thought leadership,” celebrate honest industry humor, and politely torch a viral clip that garbles 135 operational control and cost-sharing rules into one dangerous sound bite. They dig into why social media teams can quietly damage aviation brands when technical claims go unchecked, and why some compliance-heavy topics simply don’t belong in 30-second skits. Then it’s on to metal and money: the Piaggio Avanti “catfish” is back as the Avanti NX under new Turkish defense-owner Baykar, and Jessie connects the dots between Piaggio’s oddball design, its Hammerhead UAV past, and a likely unmanned, AI-enabled future for the platform. Preston compares the Avanti’s performance and stall-resistant design with workhorse types like the King Air, and asks the real ramp question: is the extra capability worth being seen in aviation’s most polarizing silhouette. On the finance side, Vista’s fresh Moody’s upgrade to B2 and new $525 million unsecured bond signal renewed confidence after a tough 2025, but leverage, integration risk, and a potential IPO still hang over the story. Jessie contrasts Vista’s bond-first growth and disciplined roll-up strategy with Wheels Up’s more chaotic public trajectory, while Preston explains—in plain English—how bond pricing, demand, and cost of capital actually work for fleet-heavy operators. They also hit GMR’s long-awaited IPO push, how the company has refocused around core medical transport and FEMA-style disaster response, and what a $5B-plus valuation says about aero-medical’s place in the broader aviation ecosystem. Finally, the episode closes on safety with a new Airworthiness Directive impacting Challenger 604/605 engines after corrosion and hung-start concerns, and what this means for borescopes, maintenance philosophy, and the industry’s willingness to treat safety data as a shared, non-proprietary resource. Jessie and Preston tie it back to a growing corrosion conversation across business aviation, from inlet mods to pre-buy inspections, and why engine OEMs and operators need a more transparent partnership going forward. If you want to sound smarter walking into the hangar or the office, this is your fast, brutally honest update on the week’s biggest aviation stories. #aviation #aviationnews #businessaviation #privatejets #airlineindustry #SpiritAirlines #Starlink #Gogo #inflightwifi #VistaJet #VistaGlobal #aviationfinance #GMR #Piaggio #Avanti #MileHighMadness #NTSB #FAA #Challenger604 #Challenger605 #bizav

    33 min

About

Join Jessie Naor and Preston Holland on The VIP Seat for the latest insights in private aviation, covering business aviation trends, private jet reviews, and more. We break down the biggest stories of the week in corporate aviation, from jet charter trends and Part 135 shenanigans to aviation safety news that the big players hope you'll miss. Expect hot takes, sharp analysis, and real talk with industry insiders, operators, and disruptors. Whether you’re flying private or an industry insider, buckle up and let's take off.

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