Private Jet Industry Breaking News and Analysis

Mente Group predicts busy December for used aircraft transactions

used private jets for sale

“The next three weeks will really be busy,” says its CEO Brian Proctor

Mente Group’s business outlook regarding pre-owned business jet sales and purchases for the remainder of 2019 is active, according to a press release.

Mente Group is a leading broad-based consulting firm that specializes in used aircraft transactions.

“With more aircraft on the market recently, buyers and sellers are seeking to make deals before the end of the year to hedge against the economic, political and tax uncertainties that 2020 might bring,” says Mente group president and CEO Brian Proctor.

Private Jet Services launches carbon neutrality pledge

Private Jet Services PJS jet card

The jet card broker is committing to planting 79,200 trees in a targeted reforestation program to offset 100% of the carbon dioxide resulting from their flights

Private Jet Services said it plans to become America’s first carbon-neutral private aviation company.

The New Hampshire-based broker of on-demand charter and jet cards said it is committing to planting 79,200 trees in a targeted reforestation program to offset 100% of the carbon dioxide resulting from their flights.

The move “responds to the growing environmental crisis with a carbon neutrality pledge,” PJS said in a press release.

Shark Tank’s Robert Herjavec fronts OneFlight International

Robert Herjavec private jet Shark Tank

The Canadian entrepreneur is touting OneFlight’s BAJit booking app

Robert Herjavec, best known for his role as an investor on ABC’ Shark Tank, is now singing the praises of Denver-based ONEFlight International.

In the 30-second ads, the founder and CEO of Herjavec Group extols the virtues of OneFlight’s Book A Jet system, which goes by BAJit.

NetJets sets $25,000 jet card upgrade offer

NetJets Citation Latitude

The move celebrates its 100th Citation Latitude entering its U.S. fleet later this month

NetJets is celebrating its 100th Cessna Citation Latitude’s entry into the U.S. fleet later in December by offering complimentary upgrades.

The roundtrip upgrade to the Latitude comes with the purchase of any 25-hour Embraer Phenom 300 or Citation Excel jet card before the year-end. 

U.K. private jet company backed by Chris Phillips and Hari Ravichandran is headed to administration

Xclusive Jets Chris Phillips

Private jet charter operator XJC Jets heads for a hard landing

– In 2016 Chris Phillips was listed one of Britain’s 24 richest people under age 30

– Hari Ravichandran was at onetime named by Forbes as Number 19 on its list of America’s Most Powerful CEOs 40 and under

Jet card and other claims and losses being analyzed

(Updated Dec. 5, at 9:31 pm) Chris Phillips, who in 2016, was named to a list of the 24 richest people in Britain under the age of 30, is seeing his XJC Jets business grounded, Private Jet Card Comparisons has learned exclusively.

He joins Hari Ravichandran, anointed one of America’s Most Powerful CEOs 40 and under by Forbes, on what appears to be an unsuccessful flight.

Court filings indicate both own more than 25%, but not more than 50% of the private jet charter company.

Documents had previously shown a company where Phillips is CEO, Just Develop It, as the controlling stockholder.

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