Comparing Fractional Jet Cards: NetJets vs. Flexjet

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. 

What’s the best fractional jet card?

Fractional jet cards are sourced from the fleets of companies that sell fractional ownership shares such as NetJets, Flexjet and Nicholas Air. But not all fractional share providers sell jet cards with PlaneSense as an example.

Executive AirShare names CFO Owen as new CEO

The jet card and fractional share seller is promoting from within to replace outgoing CEO Keith Plumb

 

Kansas-based Executive AirShare has named John Owen as its president and chief executive officer after serving as the company’s interim president the past two months. Owen, formerly the chief financial officer, succeeds Keith Plumb, who announced he was stepping down from the company in February. 

Executive AirShare Raises Pilot Salaries Up To 30%

The company sells Jet Cards, leases and fractional shares on a by-the-day basis. The move reflects the increasingly tight market for pilots.

 

Executive AirShare announced in a press release an across-the-board increase of salaries for pilots to meet the growing demand for fractional aircraft ownership. The new salaries are between 18% to 30%more for pilots-in-command (PICs) and seconds-in-command (SICs) joining the company. In conjunction with the salary increase, PIC migration to a more favorable 8-On/6-Off scheduling cycle is expected help the company meet its goal of hiring 25 pilots in the next six months.