How tight is the supply of private jets? Flexjet is now limiting access for new buyers of fractional shares and leases
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 its private jets more accessible with a pay-as-you-go membership for €8,500, plus local VAT
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 officially launches its fractional share program in Europe by taking delivery of its first super-midsize Embraer Praetor 600
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.
The two largest players in fractional ownership of private jets saw significant growth in 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.