Florida-based FlyUSA is finalizing a regional pre-owned fractional program on the PC-12 and CJ3 following its recent growth initiatives.
FlyUSA is finalizing its version of a fractional ownership program, targeting the Southeastern U.S.
The pre-owned program, under the banner of Partnership Perfected, will initially offer shares in the Pilatus PC-12 and the Citation CJ3.
The Falcon 2000LX will be added in the future.
Executives say the offering will be day-based, similar to SkyShare’s fractional program, which targets the western U.S.
Each tail will have no more than eight owners.
READ: Why pre-owned fractional may be the next big thing in private jets
The move follows its May acquisition of PC-12 operator Tryp Air Charter.
Last year, FlyUSA was the fastest-growing private jet flight provider in the Inc. 5000 2024 list of privately held companies.
The 2020 start-up introduced its first guaranteed-rate jet card program in December.
Founder and CEO Barry Shevlin anticipates that the Florida-based firm will achieve approximately $80 million in sales this year.
Since its launch as a charter broker, the company added aircraft management before acquiring a Part 135 certificate in 2023.
It currently has 15 aircraft on its charter certificate, according to the latest FAA data.
There are another dozen tails managed under Part 91.
Shevlin says FlyUSA has around 2,000 customers who have chartered ad hoc in the past two years, another 100 in its dynamic pricing membership (also launched in 2024), and it recently hired a specialist to focus on sales of its fixed-rate jet card.
Overall, FlyUSA has approximately 100 employees, comprising around 50 pilots, 15 sales personnel, and the remainder in operations and management.
Shevlin says the move into fractional ownership is part of a strategy to follow customers as they grow.
FlyUSA is growing with around 10 new on-demand charter customers weekly.
Chief Revenue Officer Duncan Jones says the goal is to retain clients over the long term through its multiple solutions.
Shevlin believes that his experience with digital lead generation and search engine optimization has resulted in lower acquisition costs compared to his competitors.
Current efforts generate around 400 enquiries every week.
Semrush, which tracks online traffic, reports that the number of organic visitors to FlyUSA’s website increased more than 10-fold in the past year.
Barry Shevlin Background
Shevlin is a serial entrepreneur who started in the 1980s on Long Island, New York, in the then-nascent Cable TV industry.
In 2002, after moving to Florida a decade earlier, he founded Vology, a managed IT, security, and cloud services provider, which grew its revenues to $175 million by 2016.
It also led Shevlin to private aviation as a customer.
After acquiring an airplane for business purposes, he later obtained his pilot’s license.
Shevlin exited after Vology was recapitalized at the end of 2019, although the company hit financial turbulence shortly thereafter.
Vology, in its heyday, ranked on the Tampa Bay Times Best Places to Work list for six consecutive years.
Shevlin was a finalist for the E&Y Entrepreneur of the Year award in 2014
Vology was sold in 2022, according to a report in the Tampa Business Journal.
For Shevlin, after a brief stint in private equity, he launched FlyUSA.
Looking beyond the upcoming fractional program launch, Shevlin doesn’t rule out further acquisitions.
However, he wants to complete the Tryp integration first.
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