The private jet card membership seller and broker of superyachts are partnering to offer pricing that covers private jet travel and a one-week yacht charter
Birds of a feather flock together, or in this case float and fly together. Jet card seller Air Partner is teaming with superyacht broker Camper & Nicholsons to offer new “Sky to Sea” packages, including private jet travel and a yacht charter for one week.
The Caribbean, Hamptons, Ibiza, Palma and Nice were the hottest private jet destinations during the summer
Against a background of double-digit growth in private jet charter, Air Partner PLC said private jet inquiries spiked 53% during the summer compared to last year driven by the U.S. and U.K. Reasons for flying ranged from family holidays and business trips to sporting, film and music events.
Air Partner is one of the few jet card sellers that is publicly traded. Its 10-hour cards start at $47,000.
Mark Briffa, the long-serving CEO of Air Partner plc, sold 179,935 shares of the company’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of GBX 132 ($1.74), for a total transaction of £237,514.20 ($313,425.97).
Air Partner is one of the few jet card sellers that is publicly traded
The one thing I’ve found about jet cards is while there are some similarities and many differences in terms of service areas, program features, rules and regulations, fees and so forth, one of the biggest differentiators is the company selling the jet card. The sellers range from boutique brokers with under 10 employees to subsidiaries of publicly traded companies such Delta Private Jets, Jet Aviation (General Dynamics) or NetJets (Berkshire Hathaway). Most, however, are privately held. Air Partner is rare in that it is publicly traded (in the U.K.) so its financial health is in full view, something we like. The flip side is there is no escrow option.
The private jet charter broker has been the subject of several recent reports from financial analysts
Air Partner has been around since 1961 so we know it has some staying power. Plus, the British based private aviation company is interesting to Private Jet Card Comparisons for a couple reasons. First of all, in recent years it has been putting a bigger emphasis in growing its jet card business, and secondly, as a publicly traded company, there is significantly more financial information available than the many other providers that are privately held or a subsidiary. We also like its 10-hour lead time for reservations is near the top of the league and the entry point is only $53,000. You can withdraw your funds at any time, but there is no escrow account, which means taking a closer look at financials makes sense.
While many private jet companies are investing and promoting apps where customers can request and book private jet charters or book flights in jet card programs, the CEO of Air Partner says people do a better job than technology.
U.K.-based Air Partner which sells jet cards on both sides of the Atlantic is reporting a 38.6% increase in profits thanks to what it describes as “booming demand” for its jet card product.