The XOJET Program Assistant enables users to identify the membership or program option that best fits their needs
Finding the right prepaid private aviation program or Jet Card can be difficult. There are over 250 programs out there and more than 30 providers. Individual providers have a myriad of solutions. But which one is right for you? As part of its new website launched last week XOJET has added a function called Program Assistant that will help you identify which of its programs best fit your needs.
Updates in the XOJET Elite Access programs are designed to make its product more attractive for flights under three hours, representing over 80% of private aviation flying
If it’s Tuesday, there must be something new over at XOJET. Since last summer at least, the company has been regularly making news of all shapes and sizes. Big news included its move to membership fees, adding new Mid and Light Jet programs, enhancements to its safety programs (It is already a IS-BAO Stage 3 operator in addition to Wyvern Wingman and ARGUS Platinum) and last week’s announcement that it had retained Perella Weinberg Partners to explore options from acquisitions and mergers to a sale or gaining new investment. On the smaller side has been a constant drip of new lifestyle partners – Hertz, Canyon Ranch, Pinehurst – as well as confirming its fleet refurbishment, and using enhanced technology to gain fleet efficiency. It also opened its first sales office in Florida, located in Palm Beach. Last week when we caught up with Chief Commercial Officer James Henderson we asked him to expand on a small note in its most recent press release that more program announcements were coming, and he shared some details with Private Jet Card Comparisons that are being released today.
Is XOJET in play? The company said it is looking at raising new funds, a merger, sale or strategic alliance.
In order to best position XOJET for continued growth and expansion, Perella Weinberg Partners has been engaged as a strategic advisor to explore a range of options that may include a capital raise, merger, sale of the company or a strategic alliance, according to a statement received by Private Jet Card Comparisons. The company was started in 2006 and has over 450 employees, 41 of its own aircraft and over 1,300 additional private jets in its broker network. The company has a 24/7 operations center spanning 21,000 sq. ft. in Sacramento, CA. The firm also recently completed the purchase of two Citation X aircraft and is planning to expand the fleet with additional aircraft acquisitions in 2018. Last year, it continued a refurbishment of its current fleet and launched a new membership fee model program. Current key investors include TPG Capital and Mubadala.
Surf Air in Europe is offering a new Escapes membership with a minimum of three months plus an initiation fee
Surf Air wants to get you to the Alps faster without having to commit to a full year of membership.
SLS South Beach and Delano Hotel guests get JetSmarter private jet memberships when they book a qualifying suite
Lifestyle hotel and nightlife provider SBE is giving you three months of access to JetSmarter shuttles and empty legs when you book specified suites at two of its hotels. The Suite Life by sbe is available at the SLS South Beach and Delano Hotel. There are two separate offerings for The Suite Life that vary by suite type. Tier 1 is applicable to all Signature Suites, One-Bedroom Suites and Bungalows. Tier 2 is the higher tier package inclusive of JetSmarter and is applicable to the highest suite categories at each hotel, specifically the Penthouses and Apartments. Guests of the Tier 2 package will receive access to JetSmarter through a 3-month membership program inclusive of a complimentary seat on select shuttle flights and empty legs. There is no end date for the program.
The Canadian private jet charter broker is bringing a fixed markup model to its Jet Card
Canada-based upstart Jettly is bringing its fixed pricing markup model of private jet charter to the Jet Card segment. It follows Wholesale Jet Club last year as well as Paramount Business Jets, which both sell Jet Cards using a fixed markup over operator pricing. U.K.-based Victor has said it will launch a deposit product in the U.S. early this year. In the case of Jettly and Wholesale Jet Club, the programs also include a monthly or annual fee in addition to the fixed markup.
TRAQPak analysts estimate there will be a 3.8% increase in overall flight activity year over year in February 2018
After having its best year since 2008 with over three million private aviation flights in North America during 2017, 2018 is off to a flying start.