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Private jets brace for summer fuel shortfalls

Financial Times Companies •
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Private jet operators across Europe face potential fuel shortages this summer after a brief disruption at Nice airport, the largest handler of private jets on the French Riviera. The incident highlighted that airports may prioritize commercial carriers, with British Airways and easyJet affirming sufficient supplies for the season. Charter groups such as Silver Air plan to carry extra fuel, a practice known as tankering, to mitigate supply risks.

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Jet fuel prices spiked by 100% during the Iran conflict, then fell toward pre‑war levels thanks to imports from the US, Nigeria, and increased output from Spain. The Strait of Hormuz, which supplied up to 40% of European jet fuel, remains partially closed, delaying volume restoration.

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Operators warn that localized shortages could force route changes, raising costs for clients. Companies like Flexjet and Victor maintain robust fuel supply chains through primary and secondary suppliers, signalling resilience in the market.

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Investors should note that the charter sector's growth, driven by rising global wealth, could be dampened by even brief fuel disruptions. Airside fuel allocation decisions will shape profitability for both airlines and private operators during peak travel periods.