Private Jet Card Comparisons - Know Before You Buy
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As jet card sellers cope with sourcing flights at guaranteed rates on short notice and system hiccups against record demand, Sentient Jet plans to temporarily halt sales at midnight tonight.
What a difference a year and a couple of months make. Fitch Ratings has upgraded OneSky Flight’s Issuer Default Rating (IDR) to ‘B’ from ‘B-. Fitch also upgraded the company’s senior secured term loan to ‘BB-‘/’RR2’ from ‘B’/’RR3’. The Rating Outlook is Stable. OneSky is a unit of Directional Aviation. Its private aviation brands include Flexjet, Sentient Jet, FXAIR, PrivateFly, and Halo. In April 2020, Fitch had downgraded OneFlight citing, “the effects of a global drop in demand related to the coronavirus pandemic.”
The website for AccorJets claims to have a fleet of Bombardier Global 7500s, Gulfstream G650s and G500s, and Citation Latitudes. Three more aircraft will be delivered this year, it says. It claims to be “part of the Directional Aviation portfolio.” It lists as board members executives of the Accor Hotels Group, including chairman and CEO, Sébastien Bazin. Accor includes brands like Raffles and Fairmont and is one of the world’s largest hospitality companies.
Flexjet, the second-largest fractional fleet operator, and sister Sentient Jet, a leader in jet cards, now have a second helicopter operator in the OneSky Flight portfolio. Halo Aviation Ltd., an operator in the United Kingdom, follows the acquisition earlier this year of Associated Aircraft Group (AAG). The latter operates Sikorsky helicopters in the Northeastern U.S.