Category: Uncategorized

Air Partner gets a “buy” rating following strong annual numbers

by Doug Gollan

The U.K.-based seller of jet cards and on-demand charter is winning back financial analysts

 

After its three-year-old, multi-million dollar accounting blunder surfaced earlier this year and a longer than expected internal review resulted in Air Partner suspending trading in its stock for 10 days in early June, the question was how long would it take to win back the hearts or at least buy ratings of financial analysts? Following the publication of what it described as strong annual results, the answer was less than two months as Gerald Khoo of Liberium today posted a “buy” rating for Air Partner. 

Continue reading “Air Partner gets a “buy” rating following strong annual numbers”

Comparing Fractional Jet Cards: NetJets vs. Flexjet

by Doug Gollan

The two biggest players in fractional jet ownership have different approaches to the jet card segment

 

The vast majority of jet cards are marketed by charter brokers, however, two of the most prominent names in the jet card space – NetJets and Flexjet – are in fact fractional aircraft operators with their principal business selling fractional shares and leases in whole aircraft. Fractional ownership entails a commitment of three to 10 years whereas, with jet cards, we have seen programs with commitments starting as few as 10 hours and $25,000. 

Continue reading “Comparing Fractional Jet Cards: NetJets vs. Flexjet”

ONEFlight International offers a 5-hour introductory Light Jet card priced at $15,000

by Doug Gollan

The Englewood, Colorado-based jet card membership program offers guaranteed one-way hourly prices on more than 50 aircraft types from the King Air to a Gulfstream G650

 

One drawback of many jet cards is you choose a category of the private jet, typically Light Jet, Midsize Jet, SuperMid and Heavy Jet and while many programs allow you to upgrade or downgrade your category, the provider can give you any aircraft in that category that fits its sourcing criteria. Fleet operators and fractional jet card programs, as well as a few broker programs, allow you to select aircraft types, however, ONEFlight enables its customers to choose from over 50 aircraft types, each with its own hourly rate. Even better, you can choose whichever aircraft type you want for every trip.

Continue reading “ONEFlight International offers a 5-hour introductory Light Jet card priced at $15,000”

VistaJet 2017 flight revenue jumped 22%

by Doug Gollan

The private jet operator said U.S. flight hours jumped 39% last year driven by its flexible, global version of a jet card program

 

VistaJet reported 2017 flight revenue rose by 22% driven by the continued popularity of its subscription business model, VistaJet’s version of a jet card. The company also reported its EBITDA jumped by 28% driven by its “scalable infrastructure and technological advantage.” The company has posted year-over-year organic compounded revenue growth of over 18% between 2008 and 2017, it said. 

Continue reading “VistaJet 2017 flight revenue jumped 22%”

Airstream Jets sets upgrades and discounts up to $2,000

by Doug Gollan

The Airstream Jets Distance Card program uses a mileage-based formula, instead of hours

 

Florida-based Airstream Jets is offering discounts and upgrades for buyers of its jet card program, but the offer is very short term, ending April 17, 2018. The Distance Card uses a mileage-based formula to calculate trip costs eschewing the standard hourly formula used by programs that offer fixed one-way pricing.  

Continue reading “Airstream Jets sets upgrades and discounts up to $2,000”