Top executives detail plans for PrivateFly and Skyjet after the deal

After the announcement that Kenn Ricci’s Directional Aviation had acquired PrivateFly, we had some questions, and here are the answers

Directional Aviation buys PrivateFly

After Wednesday’s announcement that Directional Aviation’s OneSky LLC was adding PrivateFly to Flexjet, Sentient Jet and Skyjet, Private Jet Card Comparisons emailed some additional questions. Below are the answers collectively from PrivateFly co-founders Adam Twidell and Carol Cork, as well as Andrew Collins, the President of OneSky’s on-demand private jet charter organization Skyjet in addition to jet card provider Sentient Jet. 

Is NetJets readying a new jet card?

NetJets is the largest operator of private jets in the world, but it doesn’t offer all of its aircraft types in jet cards. Which one is next?

 

NetJets has previously said the jet card flying accounts for about 20% of flights with its core business of fractional shares and leases taking up the lion’s share. Currently, it has five jet specific cards covering light, midsize, super midsize and large private jets, a combination card that enables buyers to split time between two types, a cross-country card and an Elite card, which includes FET and fuel surcharges in pricing. There are no turboprops in the NetJets fleet, but it has a number of aircraft not in the jet card programs. 

Flexjet adds Italian men’s fashion brand Isaia as a partner

Flexjet

Flexjet has been a leader in fractional shares and offers two attractive jet card programs, and is now bulking up its lifestyle partnerships

 

Flexjet has been a style leader in the private aviation category with its owner-like designed cabin interiors, part of its Red Label Collection, as well as rolling out its own dedicated private jet terminals. Now it is helping its customers style up as well via a new partnership with one of Italy’s most respected men’s fashion houses, ISAIA. 

Large jets are the bright spot as private flights dip 1/10th of 1% in June

Business aviation’s winning streak of monthly gains ended in June with a slight downturn despite a double-digit increase in jet card and on-demand charter of large jets

 

TRAQPak’s review of flight activity from June 2018 compared June 2017 shows a decrease of 0.1%. The results by operational category were all red – meaning down – with Fractional activity showing the largest yearly decline, down 0.7% year over year. Part 91 activity followed with a drop of 0.1% while Part 135 activity recorded just six fewer flights than 2017 to remain flat, 0.0%. The aircraft categories were mixed with large jets posting the largest gain from 2017, up 1.5%. Mid-size jets posted an increase of 1.4%, while light jets posted a 0.5% year over year decrease. The turboprop segment posted a decline of 1.9%.  Large jet Part 135 traffic was the best performer of June with 11.5% growth while fractional flying of large jets fell 21%

Flexjet reveals top July 4th destinations for fractional jet card and shareowners

Flexjet

Flexjet offers jet cards featuring the Phenom 300 and Challenger 300, however, it also operates long-range aircraft such as the Gulfstream G650

 

Fractional private jet and jet card operator Flexjet has issued a list of their most popular destinations, both domestically and in Europe, where their customers are headed for the 4th of July vacation week. The big news is they are increasingly selecting mountain locations over ocean venues.

NetJets expands its relationship with Four Seasons and launches Berkshire Hathaway HomeServices partnership

The fractional jet card and ownership seller continues to be busy on the lifestyle front with luxury travel and real estate partnerships

 

Yesterday and today we had two separate releases from NetJets, one announcing a new partnership, and a second extending one launched just last year. In the case of the newest addition, it comes within the family of parent Berkshire Hathaway as Berkshire Hathaway HomeServices New England, New York and Westchester Properties saying “agents and their clients will have access to NetJets benefits.” 

Kansas City Chiefs quarterback Patrick Mahomes to front for Executive AirShare

Airshare Patrick Mahomes 2019

The Kansas-based fractional jet card seller will use the up and coming hometown quarterback to build awareness a week after opening a base in Denver, home of the archrival Broncos

 

While last week Executive AirShare announced it was expanding west with a Denver base, today the company announced a multiyear partnership agreement with Kansas City Chiefs quarterback Patrick Mahomes. The agreement follows the recent announcement of a long-term partnership between the private aircraft services provider and the Chiefs. We won’t tell Broncos fans. 

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