Operator of the world’s largest private jet fleet, NetJets sell fractional shares, leases, and jet cards as alternatives to full aircraft ownership and on-demand charter
NetJets is promoting its jet card, fractional ownership and private jet leasing products by highlighting what it says are five common misconceptions about the ownership of private jets. According to a post on its website, the Berkshire Hathaway owned provider writes, “Being in the business of private aviation for more than 50 years, we’ve encountered many misconceptions about aircraft ownership. To help you evaluate your private travel investment, we’ve outlined the five, most common jet ownership myths.”
Air France is vowing to stick with its private jet partner as it seeks to launch a new business model
Despite Wijet’s decision to shutter its U.K. subsidiary Blink and return its operating certificate that enables it to fly its own aircraft, commercial airline partner Air France undeterred says the relationship between the two companies will continue.
VistaJet’s Program – its version of a jet card – saw contracts in Europe double while renewal hours increased 33% during the first half of the year
Malta-based VistaJet said sustained demand for its jet card, the Program, drove a 32% year-on-year increase in new members, with Europe doubling the number of new contracts against the same period last year. Renewal hours recorded a growth of 33% while flight hours and flight revenues both increased by 27%. The company added North America accounts for 25% of its flights.
Opening up its Annual General Meeting Air Partner CEO Mark Briffa will cite a “strong performance” for its U.S. charter and jet card business
In Air Partner’s first annual general meeting since revealing an accounting mistake and having to suspend trading in its shares for nearly two weeks, it was mostly good news although CEO Mark Briffa addressed the company’s financial news problem. “We remain confident about the Group’s prospects for the remainder of the year. We have a strong net cash position and while we will incur a material one-off cost of £1.3 million in the current year as a result of the recent accounting review, we are determined to realize value from that unexpected cost by learning from its findings,” he will say via a prepared statement.
When Andrew Flaxman was grounded with kidney stones, ExpertJet was born as a boutique provider of on-demand charter and jets cards
In the crowded world of jet card providers, ExpertJet is a small shop – with four pilot brokers including founder and owner Andrew Flaxman. However, its ambitions aren’t to be a major player, he says, but rather to simply apply its insider knowledge and combine it with personalized service from experts. Despite its size, the company offers both fixed rate and dynamically card programs starting at $75,000 with what the principal says is a pilot’s approach to safety. You can read our full analysis here.