If money is not an object, you can choose between full and fractional ownership, jet cards or on-demand charter
Having bought my Mega Millions tickets last night, and then checking that my lump sum payout would have been nearly $700 million after taxes, of course, I started to think about what would be the best private aviation solution for my needs. And that’s the most important advice I can give anyone who is shopping for new or used aircraft, fractional shares, and leases, jet cards or just thinking about chartering. There isn’t a one size fits all solution, so writing out where you anticipate flying, with how many people and when is a good start. My second point is perhaps 50% of private aviation users have at least two solutions so don’t fret, you may not find one provider that meets all of your needs.
Over the past two years, the Cleveland-based subsidiary of Directional Aviation has purchased U.K.-based operator Flairjet and jet card and on-demand charter broker PrivateFly
One thing is for sure. Flexjet is growing internationally and Europe is a key focus. Speaking to Guy Johnson and Vonnie Quinn on Bloomberg Markets: European Close on October 12th Flexjet CEO Michael Silvestro noted that Brexit isn’t dampening the Cleveland-based fractional share, lease and jet card provider’s outlook on Europe.
The Kansas-based regional fractional share, lease and jet card company plans to focus on building its Phenom 100 and 300/300E fleet, increase management contracts and enter major markets
Executive AirShare is now Airshare, rebranding for what the company calls a “new era of providing the most cost-effective option in private aviation for both business and leisure customers.” In a press release, the company said, “The new name represents the company’s desire to aggressively expand their client base by attracting more leisure customers, in addition to increasing recall among their core business targets. The evolution of the brand reaffirms Airshare’s commitment to shareowners in delivering greater productivity at a lower cost per hour the more they fly.”
Embraer announced the Praetor 500 and 600 midsize and super-midsize jets, while Honeywell’s Global Business Aviation Outlook forecasts up to 7,700 new business jet deliveries worth $251 billion through 2028
On the eve of the National Business Aviation Association’s (NBAA) annual convention being held here in Orlando, Honeywell released its 27th Global Business Aviation Outlook calling for “strong growth in the short to medium term, supported by several new airplane models coming to market and an improved used aircraft environment.” The new forecast predicts 7,700 new business jet deliveries worth $251 billion during the next decade. Earlier in the day at a hangar at Orlando Executive Airport, Embraer announced it was launching two new business jets, the Praetor 500 and 600.
There are over 40 jet card providers offering more than 250 programs, and there are some significant differences and not just in price
In this article, I want to explain the differences in how aircraft for various jet card programs are sourced. Of the subscribers to Private Jet Card Comparisons, I estimate about 75% are flying via on-demand charter, but after getting tired of the work it takes for each trip to compare quotes, quality of providers and varying charter terms, they are seeking an easier solution but don’t necessarily want the long-term commitment of leases and fractional shares, hence jet cards. The benefit of jet card programs is once you choose the right program, arranging your flight is generally one phone call or can even be handled online or through an app. Of course, finding the right provider and program takes a bit of work. We’ve identified over 65 places that the card programs vary, which depending on your flying needs can be critical or incidental.