Exec 1 Aviation scales back jet card program; cuts rates

Hawker 400XP

The floating fleet light jet operator has eliminated fixed rates for midsize, super-midsize, and large cabin jet cards

Ankeny, Iowa-based light jet operator Exec 1 Aviation has revamped its jet card program focusing on wholesale customers amid surging demand.

Magellan Jets adds CJ3, Challenger 605 type jet cards

PRIVATE JETS ON GROUND

Boston-based jet card broker Magellan jets has swapped the CJ3 and CJ4 from the Hawker 400XP and Challenger 604/605 series from the Falcon 2000 in its jet card line-up

Magellan Jets is revamping its line-up of semi-specific jet cards. The move is designed to focus its jet card line-up around Cessna’s Citation, Bombardier, and Gulfstream aircraft.

Jets.com offers December discounts on jet cards

Jets.com

Hourly rates start at $5,188 for a light jet and range up to $10,588 for a large cabin aircraft

December generally means jet card deals, and Jets.com is continuing that approach.

Through the end of the year, Jets.com has reduced both prices and the number of hours customers need to buy.

Wheels Up has purchased Travel Management Company

Wheels Up Delta Air Lines

The deal, which is being announced this morning, and closed Friday, adds 26 light jets to the Wheel Up fleet

Wheels Up announced this morning that it has closed a deal to acquire Elkhart, Indiana-based Travel Management Company (TMC), a significant fleet operator of owned and leased light jets serving the on-demand charter market. The deal will increase the current Wheels Up fleet to 119 owned and leased aircraft. Terms of the deal were not disclosed.

For Wheels Up founder Kenny Dichter, who helped popularize jet cards by launching Marquis Jet Partners in 2001 before selling it to NetJets in 2010, the move comes after he announced in January he had hired Goldman Sachs and Bank of America to provide advice on strategic options.

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