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Phenix Jet

Aircraft Management

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Phenix Jet reports on first quarter revenue growth
Healthy growth in revenue and charter sales means Phenix Jet Group can continue to build on its five years of operations. It plans to add three more aircraft to its Cayman Islands AOC this year.

With revenue growth averaging 40 per cent year-on-year in the first quarter of 2022 and with charter sales doubling, the Phenix Jet Group is looking to differentiate itself from its competitors by offering a broad range of services, as well as high-end services with competitive pricing.

Phenix Jet has two major lines of business through its VP-C Cayman AOC licence and its FAA AOC licence, and offers bespoke business jet charter and management services from its offices in Hong Kong, Tokyo, Cayman Islands and Guam.

The operator and management company has achieved IS-BAO (Stage II and III), ARGUS Platinum and Wyvern Wingman safety certifications. Its pilots have, on average, each flown for more than 10,000 hours.

“We are proud to have gained industry-wide recognition in the charter market, having only emerged in the past five years. Our fleet is repeatedly selected by first tier clientele, whose names you can see in your daily news. We are a good mix of American legacy aviation operational standards and Japanese Omotenashi service tradition. Bringing the best experience to our client makes us proud,” says director of business development and charter sales Yuichiro Sasaki.

Phenix Jet Cayman was incorporated just under three years ago. As one of the few business jet operators that have been selected by the Civil Aviation Authority of the Cayman Islands to receive a Cayman Islands AOC, Phenix is now managing seven Cayman-registered aircraft and nine FAA-registered aircraft, including BBJ, Global 7500, Global 6000, Gulfstream G650 and G650ER, Falcon 900 and CitationJet CJ4 types. Solid demand for the Cayman product means that the company will add three further Cayman Islands-registered aircraft to its fleet before the end of 2022.

It says that registering a business aircraft on the Cayman Islands VP-C registry gives owners flexibility and options in terms of ownership structures, flight crew arrangements and operational efficiencies, including Polar operations. This flexibility translates into better operational performance of Phenix Jet’s aircraft, which can bring significant cost savings for its clients.

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