The highest GDP countries in the world won’t necessarily see a boost in private jet fleets
While conventional wisdom and other data have always shown a correlation between GDP growth and opportunities for business aviation fleet growth, other factors such as culture, infrastructure, and government regulations are currently holding back gains in countries which are currently seeing the highest growth rates.
The Kansas-based regional fractional share, lease and jet card company plans to focus on building its Phenom 100 and 300/300E fleet, increase management contracts and enter major markets
Executive AirShare is now Airshare, rebranding for what the company calls a “new era of providing the most cost-effective option in private aviation for both business and leisure customers.” In a press release, the company said, “The new name represents the company’s desire to aggressively expand their client base by attracting more leisure customers, in addition to increasing recall among their core business targets. The evolution of the brand reaffirms Airshare’s commitment to shareowners in delivering greater productivity at a lower cost per hour the more they fly.”
A new Chairman’s Menu is being rolled out to help underscore that for a segment of the market private jet travel is not a commodity
Aldo Gucci of the famed fashion house once said, “The quality is remembered long after price is forgotten,” a phrase also attributed to Sir Frederick Henry Royce, co-founder of Rolls-Royce. The carmaker is also credited with the lesser known, “Take the best that exists and make it better. When it does not exist, design it. Accept nothing right or good enough.” Either would have fit in nicely at VistaJet, the global private jet operator which has carved a niche by targeting customers who want more than just a private jet.
Chicago-based private aircraft management company Priester Aviation is launching an invitation-only jet card
After testing jet card offerings in Chicago and Dallas earlier this year, Priester Aviation is now rolling out its entry into the increasingly crowded jet card market. According to an email received by Private Jet Card Comparisons, the program named Centerline will be “by invitation only” and is targeted “for the world’s most discerning traveler.” Since the Great Recession, the number of jet card providers has more than doubled with over 40 sellers and over 250 different programs. Jet cards as a product type are increasingly coming in more flavors, including dynamic pricing and denominations starting at five hours. Earlier today, Wheels Up announced it will launch a membership program next year targeting fliers who need less than 10 hours per year. On the other end of the market, there are jet cards with published pricing up to 100 hours.
The pay-as-you-go jet card provider plans to introduce a new membership tier targeting lower frequency private air travelers in 2019
After helping develop the 25 hours per year private jet traveler with Marquis Jet Partners before selling it to NetJets, and then launching Wheels Up in 2013 with a pay-as-you-go model attractive to folks who fly under 25 hours per year, Wheels Up CEO Kenny Dichter says his next goal is to bring a branded, high-quality offering to people who fly under 10 hours per year.