Private Jet Card Comparisons - Know Before You Buy
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Flexjet is limiting access for new buyers of fractional shares and leases. The move was disclosed in an email to current customers.
NetJets Europe is making a dramatic move in the jet card segment by starting a pay-as-you-go membership. For an annual fee of €8,500, plus local VAT, you get access to its fleet with fixed one-way rates. Previously, the entry-level program in Europe for the world’s largest private jet operator was a 25-hour jet card. That requires a deposit of over $150,000.
Flexjet’s European arm has officially launched its fractional ownership program there. This week it is taking delivery of its first Praetor 600 super-midsize private jet. It is part of a US $1.4 billion order for Embraer Executive Jets that was announced in October 2019.
NetJets and Flexjet, the two largest players in the fractional ownership market, both recorded strong performances in 2019, measured by flight hours.
According to data released by Argus Traqpak, for the total fractional market, flights and flight hours grew 5.9% and 7.9% respectively, when compared to 2018.