Magellan Jets is partnering with AAG helicopters, operators of the largest fleet of Sikorsky S-76 helicopters in New York, to help Gotham residents escape for the summer
As it celebrates its 10th anniversary Magellan Jets said it had already seen an increase in bookings for 2018 throughout the Northeast. Short hops between popular locations like Nantucket, New York City, Boston, and The Hamptons have become a mainstay of private fliers in recent years, the jet card seller said. The answer – a helicopter card!
From the Citation Excel/XLS to the Gulfstream G450 if you think NetJets is just for fractional ownership and leases think again
Go to the NetJets website and you might be surprised at how little information you find about specific programs, particularly its jet card programs. While there is a nice directory of the various aircraft types that make up its 700 strong fleet of private jets, the wholly owned subsidiary of Berkshire Hathaway publishes the fewest details we’ve seen from any jet card seller. Yesterday, we talked extensively with executive vice president Pat Gallagher about the company’s programs.
The two biggest players in fractional jet ownership have different approaches to the jet card segment
The vast majority of jet cards are marketed by charter brokers, however, two of the most prominent names in the jet card space – NetJets and Flexjet – are in fact fractional aircraft operators with their principal business selling fractional shares and leases in whole aircraft. Fractional ownership entails a commitment of three to 10 years whereas, with jet cards, we have seen programs with commitments starting as few as 10 hours and $25,000.