Flexjet House in London’s Mayfair comes in advance of its
planned European expansion
Flexjet LLC last night marked the opening of Flexjet House, a global experience center and office in London’s Mayfair district, for what the company called “an integral step in Flexjet’s European expansion.”
At the same time, Flexjet announced Marine Eugène, former head of sales in Europe for NetJets, has joined its team as European Managing Director. Travel to, from and within Europe jumped 44% this year.
In a press release, it noted, “Eugène is among an increasing number of former NetJets executives deciding to join Flexjet in its reinvention of the private aviation industry.”
Fractional ownership or leasing of a private jet is a big decision. We give you a comprehensive overview of factors that will guide your decision
Fractional ownership and leases sit between full ownership and jet cards or on-demand charter in the hierarchy of private aviation solutions
How does it work, what are the costs, and when you should consider fractional ownership and leases?
What can you negotiate?
Having read and reviewed dozens of articles that cover fractional aircraft ownership, I find many of them somewhat misinformed. The typical approach is to espouse fractional ownership as the ideal solution if your annual flying ranges between 50 and 400 hours.
Said articles recommend full ownership if you fly more than 400 hours, jet cards for 25 to 50 hours, and on-demand charter for less than 25 hours of flying.
I don’t want to say these generalizations are wrong. They’re just overly simplistic and can lead you to make a decision that might not be the best fit.
The Atlanta-based operator of Eclipse 550 and Cirrus SR22 aircraft sells jet cards, shares, and leases and had also been operating in South Florida. Its CEO Jamail Larkins had been tabbed as a rising star of business aviation
Ascension Air, an operator at DeKalb-Peachtree Airport near Atlanta, Georgia, is facing serious complaints from customers and a pending lawsuit charging racketeering. It had also been operating at Ft. Lauderdale Executive.
The company has been selling jet cards, timeshares and leases on Eclipse 550 and Cirrus SR22 aircraft. Its website is still active, however, phone lines yesterday returned a message they were temporarily out of service, and customers said they hadn’t been able to get in touch with the provider.
As of this afternoon, the phone lines were being answered via voicemail. Private Jet Card Comparisons started its investigation after being contacted by a customer of Ascension who said he was not able to get a response.
The third largest
fractional share provider is putting a push into the jet age
While the popular single-engine Pilatus PC-12 has powered PlaneSense to a position as the third largest fractional share and lease operator in North America, its twin jet brother the PC-24 will likely push the company’s primary service area further west, probably at some point the Pacific Ocean. That day is likely getting loser with the arrival of its second PC-24 which the company said was delivered today.
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.