Long-haul, luxury private jet operator VistaJet is touring one of its Bombardier Global 5000s October 16-23 in the U.S.
VistaJet, which last month secured $150 million in new financing, making it a self-proclaimed Unicorn, a privately held company with a billion-dollar valuation, delivered more good news this morning. For North America, it said new program customers increased three times year-over-year, new program hours increased 146%, flight departures increased by 30%, and program hours increased 210% quarter over quarter. It also noted 45% of program customers who have joined in past 12 months have booked additional hours. As a result, it is increasing its U.S. based fleet by 50%.
GE’s Move To Cut Back Its Own Private Jets May Spur Innovation In The Charter Market
The King is dead. Long live the King. Jeffrey Immelt’s 16-year reign at General Electric is over and new CEO John Flannery will be shepherding a new $2 billion cost-cutting plan. One of the casualties will be GE’s corporate flight department.
In addition to selling fractional shares and jet cards, NetJets has made a mark via its strong presence in the professional golf market
Private jet fractional share and jet card provider NetJets has extended its contract as the Official Private Jet Provider of the PGA TOUR and PGA TOUR Champions. The agreement solidifies a partnership between NetJets Inc. and the TOUR through 2022, providing flights, marketing support and charitable contributions to assist the PGA TOUR, tournaments, and players around the world, according to a press release issued by the two entities.
NetJets was rolling out the red carpet for its fractional share and jet card owners earlier this month in Basel, Switzerland for the original Art Basel, not the one in Miami. A partner with the art fair that draws some 300 galleries and over 4,000 artists for more than a decade, this year the provide jet provider owned by Warren Buffett engaged Frida Fjellman for a bespoke installation in its VIP lounge.
While jet cards maybe hot right now – you can compare over 100 different programs in easy-to-use spreadsheets as a registered user of Private Jet Card Comparisons – the fractional market is still alive and kicking. In addition to NetJets and Flexjet, Nicholas Air and Executive AirShare have built themselves into niche providers. PlaneSense, Inc. at the same time is building its fractional ownership model around the Swiss-made Pilatus PC-12, the staple of fast growing Surf Air and distinctive by the propeller on the nose of the aircraft.
Fractional Share and Jet Card seller Flexjet is planning to launch a new App this summer for iPhones. According to a preview seen by Private Jet Card Comparisons the new app features:
With new business jumping 50% so far in 2017 on top of 20% growth in 2016, Flexjet LLC says it is hiring pilots for the first time since 2015.