March 2, 2024
After teasing that it would bring back jet cards by midyear, NetJets introduced 25-hour leases instead.
Now, the world’s largest private jet provider confirms that jet cards won’t be returning this year.
After its salespeople began telling prospects and customers that cards would remain on hiatus, the company has officially said so.
A notice posted this afternoon on its website reads, “The Card Program is an important part of our business; however, to preserve the level of service our Owners deserve, we will not be offering the Card Program for the remainder of 2022.”
Private Jet Card Comparisons exclusively reported the launch of the 25-hour leases on March 8.
Yesterday, we reported that NetJets was expanding its 25-hour leases, bringing back its cross-country program in lease format in partnership with Corporate Angel Network.
The leases come in three-and-five-year terms and carry 45 blackout dates. There are an additional 45 peak days, although the peak days don’t have a surcharge.
Earlier this year NetJets Europe restarted jet card sales, albeit with a summer-long blackout.
As private flying soared to record levels last August, NetJets became the first of more than a dozen companies to suspend sales of fixed-rate, guaranteed availability jet cards.
Since then, a number of providers have relaunched programs with different terms. In some cases, companies are limiting new members.
While NetJets typically sold cards in 25-and-50-hour increments, leases and fractional ownership had started at 50 hours. So, the cards provided an entry-level product for flyers who didn’t need 50 hours per year of access.
