GE’s Move To Cut Back Its Own Private Jets May Spur Innovation In The Charter Market
The King is dead. Long live the King. Jeffrey Immelt’s 16-year reign at General Electric is over and new CEO John Flannery will be shepherding a new $2 billion cost-cutting plan. One of the casualties will be GE’s corporate flight department.
The private jet operator is updating leathers, fabrics and finishes on it Challenger 300s and Citation Xs
XOJET has confirmed an ongoing fleet update program covering aircraft in its fleet of 41 Challenger 300s and Citation Xs. Chief Commercial Officer James Henderson tells Private Jet Card Comparisons, “XOJET is committed to a proactive program of refurbishing and maintaining the fleet.”
Private aviation provider Surf Air is offering a new program targeting weekend leisure travelers with a $2,500 annual membership fee.
Surf Air is planning to launch a new product next month called “Escapes” that is aimed at the leisure traveler. It’s a hybrid approach to the company’s monthly membership “all-you-can-fly” model. The program was soft-launched last weekend.
Jettly members pay a monthly or annual membership, but no commission on their charter flights
Start-up private aviation charter broker Jettly this week launched a new, no-commission model for selling on-demand charter flights. The six-person operation is headed by Internet entrepreneur Justin Crabbe, and he says, by stripping out the commission, he hopes to make buying private jet charters easier. Right now, he says, with the amount of markup or commission brokers tack onto the price from operators, consumers are inclined to call multiple brokers in an attempt to “get the same airplane for less money.”
One of the private jets used by HHS Secretary Tom Price is not what you would expect
Health and Human Services Secretary Tom Price is under the spotlight for his use of private jets. It comes after Treasury Secretary Steve Mnuchin got heat for using a U.S. Government Gulfstream to view the eclipse from the roof of Fort Knox. The trip came into the spotlight when his wife, actress Louise Linton, made an Instagram post that could have been had the hashtag #RichKidsOfInstagram as she called out the various designer labels she was wearing (below).