NetJets restructures jet card pricing, reduces rates

NetJets pricing

The world’s largest private jet operator is updating its Marquis Jet and Elite jet card memberships in response to declining fuel prices and the COVID-19 Coronavirus pandemic

NetJets is eliminating fuel surcharges on its Marquis jet card programs and moving to inclusive pricing. At the same time, it is reducing the inclusive pricing on its Elite branded jet cards.

The move was not publicly announced but is instead being communicated directly to customers and prospects.

Used private jet market strong despite Coronavirus, say brokers

used private jets for sale

Association of private jet brokers IADA reports 54 used aircraft transactions so far in March despite the Covid-19 Coronavirus crisis

Members of the International Aircraft Dealers Association (IADA) said members completed 54 transactions between for the month as of March 20th. Additionally, there are over 120 aircraft, under contract, subject to closing.

The news comes as the Covid-19 Coronavirus pandemic is playing havoc on the world stock markets with demand for travel in general plummeting.

Private Jet deliveries see big gains in 2019

New private jet deliveries 2009 to 2019

Business Jet delivers reached their highest total since 2009, according to the General Aviation Manufacturers Association

Many of the new aircraft will find their way to both fleet and fractional operators providing access to shareowners and jet card customers

Glory days, well, they’ll pass you by

Glory days, in the wink of a young girl’s eye

– Bruce Springstein

No doubt, many of those involved in manufacturing private jets recall fondly 2008. That’s when the industry delivered 1,317 new business jets. It was an increase from 2007’s then-record mark of 1,137 new private jets delivered. That busted the 2006 numbers, also a then-record of 887 units delivered.

With the Great Recession, deliveries of new private jets dropped to 874 units in 2009, even more to 767 in 2010, then 696 in 2011, before bottoming out in 2012 at 672 aircraft.

PrivateFly sets “Taylor and Burton” private jet getaway

private jet charter to Mexico

Directional Aviation’s on-demand private jet charter broker PrivateFly is again partnering with Casa Kimberly, a luxury boutique hotel built from Elizabeth Taylor and Richard Burton’s longtime home in Puerto Vallarta.

The itinerary includes round-trip private jet flights to Puerto Vallarta via PrivateFly; a three-night stay in the Elizabeth Taylor Suite at Casa Kimberly; a sunset champagne sail; spa treatments for two; five-star dining experiences and more.

Air Partner adds fixed-rate, guaranteed availability transatlantic jet card pricing

The jet card broker is launching fixed-rate, guaranteed availability between the U.S. and Europe

U.K.-based charter broker Air Partner will announce later today it has signed up six charter operators who will provide more than 50 long-range private jets for new fixed-rate, guaranteed availability jet card pricing between the U.S. and Europe.

With a buy-in starting at just 10 hours, and the ability to refund unused funds, the new offering is likely to have a wide appeal for its target market, particularly travelers who want set pricing but don’t fly enough to make multi-year commitments to key competitors for the route such as NetJets, Flexjet and Vistajet.

The new cross the pond rates connect Air Partner’s existing fixed-rate, guaranteed availability primary service areas for its jet card customers covering the U.S., Caribbean, and Europe. Air Partner is one of the few jet card programs offering fixed rates for flights within both the U.S and Europe.

“Over the past few years, we’ve noticed increasing demand for an improved transatlantic option to better connect our clients in the United States with Europe,” said David McCown, president of Air Partner U.S. “We’re dedicated to continuously creating innovative travel solutions to best serve our customers, and we are pleased to today become the first jet membership program to offer a fixed Trans-Atlantic rate.”

Transatlantic jet card pricing

Beyond a cost of $15,650 per hour with a seven-hour segment minimum, there is a 15% roundtrip discount based on an average of at least four flight hours per day.

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