Sentient Jet joins NetJets in pausing jet card sales

Sentient Jet

Sentient Jet will become the third major player to temporarily halt jet card sales, Private Jet Card Comparisons has learned

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.

Private jet companies large and small have big fleet growth plans

Jet Edge private jets

Backed by record demand and with no letup in sight, operators from NetJets to niche brokers are announcing ambitious fleet growth targets

Private jet fleet capacity has become one of the industry’s hottest issues. Demand for private aircraft, owned, via charters, jet cards, and fractional shares, continues to surge to record levels. Charter and jet card flights tracking 30% higher than 2019 pre-pandemic levels combined with owners flying their jets more is putting a strain on the system. Supply chain and labor issues impacting the greater economy are impacting the private aviation industry. It’s creating a new reality for private jet flyers.

Fitch upgrades ratings for Flexjet, Sentient Jet parent OneSky Flight

Flexjet

Flexjet fractional share hours sold increased 35% in 2021 Q1

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.”

AccorJets’ website no longer working after Accor, Directional say there is no affiliation

wood court still life judge

After a Private Jet Card Comparisons’ report that AccorJets was not connected to either Accor Hotels or Flexjet owner Directional Aviation despite claims in a press release, its website and marketing material, the AccorJets.com website appears to be offline

It’s unsure of the objective for the owner of the AccorJets website. It was promoting a financial scheme to buy shares in private jets that would produce immediate returns. Ostensibly, it was offering charter flights on its claimed fleet of private jets. It said it was owned by the Accor group of hotels and part of Directional Aviation, owner of Flexjet and Sentient Jet. It liberally used images of Flexjet aircraft in its marketing materials.

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