Despite claiming to be owned by Accor Hotels and Directional Aviation, AccorJets is not associated with either company
AccorJets promises investors quarterly dividends from charter revenues
The website for AccorJets claims to have a fleet of Bombardier Global 7500s, Gulfstream G650s and G500s, and Citation Latitudes. Three more aircraft will be delivered this year, it says. It claims to be “part of the Directional Aviation portfolio.” It lists as board members executives of the Accor Hotels Group, including chairman and CEO, Sébastien Bazin. Accor includes brands like Raffles and Fairmont and is one of the world’s largest hospitality companies.
A press release issued earlier this week states AccorJets is “owned by Accor SA, a French multinational hospitality company that owns, manages, and franchises hotels, resorts, vacations, private and cruise ships properties.”
A marketing brochure claims, “Accor Jets, the brand FlyEvolution, and the chartering operations are wholly owned and operated by Accor SA.”
There’s only one problem. Directional, which owns Flexjet and Sentient Jet, and the hotel group, don’t have any knowledge of the venture.
A spokesperson for Accor tells Private Jet Card Comparisons, “After consulting with our operations team, it looks like (AccorJets) is not a legitimate program, and it is not associated with Accor. Our legal team is currently investigating the matter.”
A spokesperson for Directional also confirms there is no connection to the website.
AccorJets promises “paid quarterly dividends” for investors.
The mystery website offers “buy a share in a private jet and start getting paid quarterly dividends from chartering operations.” It states, “Accor has pioneered the FlyEvolution Program – A structure that allows individual investors to purchase a fractional share in a private jet.”
It claims, “We identify the best value-to-cost jets we can buy; we join investors together in Investor-Pools, based on their preferences, and we handle the entire process of purchasing a jet, registering it under the ownership of our investors participating in the investor-pool and subsequently, manage the aircraft’s charter operations. In return, we get paid a management fee, deducted automatically from revenue generated by the charter operations, and the rest of the net revenue is divided equally by the total number of shares in each jet, and the dividends get paid directly to the investor-owners of the jet.”
According to ICANN lookup, the website was registered on March 15, 2021, via Cheaphosting.com. The redacted owner is possibly based in Iceland. A number listed on the Accor Jets website generated a busy signal. There was no reply to an email request to speak with a representative.