The addition of the Challenger 350s will double Airshare’s fractional fleet as it eyes expansion into the Northeastern U.S.
Phenom light jet operator Airshare moves into the super-midsize aircraft category, announcing a firm order for three Bombardier Challenger 350s. It adds options for 17 more, meaning it will add as many as 20 new aircraft. Based on Conklin & De Decker’s estimated price of $27 million per unit, the deal is worth $540 million. Airshare currently operates a fleet of 20 Phenom 300s and 100s for its fractional share and jet card program. Additionally, it manages 26 aircraft for owners.
Lenexa, Kansas-based Airshare, has a message for Wheels Up. It’s not democratizing private jet travel. It’s not a platform, and it’s not busy going public. Its message to prospects, however, is clear. It is focused on business travelers, particularly those who are making multiple stops on same-day and overnight trips.
Private jet fractional ownership continues to be dominated by NetJets and Flexjet
Argus TRAQPak’s annual business review of private jet fractional ownership operators in North America shows from the handful of players, NetJets and Flexjet continue to dominate. Together, the top two players control 85.8% of the market based on flight hours.
The fractional share and jet card operator has reached the highest level rating from IS-BAO in addition to its Argus Platinum status
Lenexa, Kansas-based Airshare has achieved the highest ranking for safe flight operations from IS-BAO, earning Stage 3 Certification from the International Business Aviation Council (IBAC), the company announced today.