Private Jet Card Comparisons - Know Before You Buy
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Air-to-ground connectivity provider SmartSky Networks says fractional share private jet operator Jet It is selecting its connectivity service fleetwide.
Fractional aircraft start-up Volato today announced its expansion to the West Coast. It has opened an operational base at Carlsbad’s McClellan-Palomar Airport (CRQ).
| Year Founded | 2018 |
| Leadership | Glenn Gonzales, Founder, CEO Vishal Hiremath, Founder, President Chris Crawford, Chief Operating Officer Henry Kim, Chief Commercial Officer Dr. Akir Khan, VP of Strategy Duncan Jones, VP of Sales |
| Headquarters | Greensboro, North Carolina |
| Fractional Ownership Aircraft | HondaJet HA-420, Gulfstream G150 |
| Related Products | On-demand charter |
| Related Companies | JetClub, Jet It Canada |
Greensboro, North Carolina-based Jet It offers fractional ownership in the HondaJet very light jet using a by-the-days format.
Fractional owners can use their shares for multiple flights on the same day, including waiting time.
Shares start at 25 days per year.
Since launching in 2018, the company expanded to Canada and Europe using the HondaJet.
In 2021, it added the Gulfstream G150 providing owners a transcontinental option.
The company was founded by CEO Glenn Gonzalez, a former executive with Honda Aircraft Company and a demonstration pilot with Gulfstream Aerospace.
| Aircraft Type | Number in Fleet |
| HondaJet HA-420 | 13 |
| Gulfstream G150 | 2 |
| Year Founded | 2021 |
| Leadership | Matt Liotta, Founder and CEO Nicholas Cooper, CRO and co-Founder Phil Michaels, Chief Strategy Officer Azim Sumar, Chief Pilot Tom Chapman, Vice President, Sales |
| Headquarters | Atlanta, Georgia |
| Fractional Ownership Aircraft | HondaJet, Pilatus PC-24 |
| Related Products | On-demand charter |
| Related Companies | Gulf Coast Aviation Houston |
Volato was founded in 2021 by series entrepreneur Matt Liotta as a HondaJet very light jet program.
In January 2022, the company expanded added fractional shares in the Pilatus PC-24 light jet.
Volato decouples fractional ownership from usage. Owners buy a share but can fly as many or as few hours per year as they wish.
Owners also receive a charter rebate based on all hours flown on their tail, including their own flight hours.
This means flights are conducted under Part 135 rules, and hence mean a 7.5% Federal Excise Tax.
However, the formula means owners don’t have to worry about using a fixed number of flight hours on an annual basis.
According to Private Jet Card Comparisons exclusive FRACTIONAL AIRCRAFT OWNERSHIP COST CALCULATOR, the result is a low delta for your effective hourly rate if you underfly.
For example, a quarter shareowner who flies 100 hours per year instead of 200 hours effectively pays only $84 per hour more.
With traditional methodology, an owner who under flies annual hours would end up paying over $2,500 more on a per flight hour basis.
| Aircraft Type | Number in Fleet |
| HondaJet HA-420 | |
| Pilatus PC-24 |