NetJets expands 25-hour lease program

NetJets is adding back its cross-country midsize, super-midsize Corporate Angel Network jet card in a 25-hours per year, three-year lease.

By Doug Gollan, April 5, 2022

After launching 25-hours per year leases as a replacement for its jet cards, NetJets is now expanding the entry-level lease program.

It resurrects its partnership with Corporate Angel Network. It also reinstates its popular cross-country jet card format, which was rebranded in May 2021. The program also traded under the (Red) Marquis Jet card label.

Last August, the world’s largest private jet company put its jet cards on hiatus. The move came as demand surged to record levels.

The NetJets Corporate Angel specialty card gives customers a seven-seat Citation XLS midsize jet for flights under 3.5 hours.

For longer flights, clients get an eight-seat super-midsize aircraft. The hourly rate for long and short flights is the same.

The CAN leases are valid for Hawaii flights. While there are 45 blackout dates, the 45 peak days have no surcharges.

Leases are either three or five years depending on the aircraft with the Phenom 300, Challenger 350, and Challenger 650 available in either three or five-year durations. The XLS, Sovereign, and new CAN leases are valid for three years.

Originally, the leases were being presented in a five-year format. It’s not clear if the shorter lease options are new. NetJets officials were not available for comment.

Explaining NetJets’ new 25-hour leases

https://www.youtube.com/watch?v=T1ecfEE96zk

NetJets President Patrick Gallagher, in a post on the company’s website, said, “Through our ongoing partnership with CAN, we are truly changing lives every day. We couldn’t be happier because the new NetJets Corporate Angel 25-Hour Lease means that together with our owners, we have the opportunity to make an even larger impact.”

NetJets contributes one flight hour to patients with cancer who are traveling to and from treatment for each lease purchase.

In 2019, CAN recognized the unit of Berkshire Hathaway for its ongoing support.

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