September 26, 2024
Berkshire Hathaway’s NetJets is extending sales on its lead-price One Card jet card past the original Oct. 1 deadline.
NetJets is continuing sales for its One Card jet card beyond its original Oct. 1 cutoff.
The Berkshire Hathaway-owned private jet flight provider said in a statement, “NetJets will continue to offer our One Card as an ongoing program. As we expected, there is high demand in the market for individuals desiring a guaranteed solution with the leader in private aviation. The One Card offers immediate entry into our program for those with flexible travel schedules and has sold at double the rate we anticipated, bringing many new clients into NetJets since the launch of the product.”
The most recent survey of Private Jet Card Comparisons subscribers, completed earlier this month, found NetJets has the largest pipeline of active prospects among jet card and fractional providers.
The One Card was launched in July on its midsize Citation XLS fleet.
At the time, NetJets described the new product as “limited quantity.”
At $225,000 for 25 hours, it undercuts the pricing of its Phenom 300 light jet card program by more than 10%.
According to our Q2 2024 jet card rate analysis of over 80 providers and more than 500 program options, at $9,000 per hour, it is priced lower than the industry average of $9,482 per hour for midsize jets.
Like its light jet program, there are no daily minimums.
Customers are only charged actual flight time, plus taxi time per segment, increasing value for shorter flights.
According to the same Private Jet Card Comparisons’ analysis, daily minimums on midsize jets for jet cards with guaranteed rates and availability stood at 76.1 minutes.
The One Card also guarantees seven seats compared to six on the Phenom 300.
There are currently 70 XLS aircraft in the NetJets fleet, down from 74 in June.
They will be eventually phased out as part of a deal for up to 1,500 new private jets from Textron Aviation.
That includes the XLS successor Ascend.
For now, the One Card has 90 blackout dates.
NetJets’ other jet cards carry 45 peak days and 45 blackout dates.
All its current jet cards have a 48-hour callout.
The cards all have a 24-month validity to use your hours.
In 2021, the world’s largest private jet operator was the first to halt sales on its jet cards.
The move came as Covid led to a record demand surge for private jet travel.
It added the Citation Latitude back to its jet card lineup this past March.
Still, its jet cards are much more restrictive than those offered before COVID.
Until then, options included 10-hour callouts and as few as 30 peak days.
There were also no blackout dates.
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