JetSuite’s Jet Card Membership Programs Don’t Have Peak Days And Its Entire Fleet Offers WiFi
Jet card seller, charter operator and now management company JetSuite, Inc. announced yesterday it has added two Embraer Phenom 300s to its fleet of Phenom 100s, Citation CJ3s and an Embraer Legacy L650 added this summer. A third Phenom 300 is coming soon and the operator expects to have 10 by the end of 2018.
Wheels Up Joins VistaJet, JetSuite, Victor and Jet Smarter in raising money to fund ambitious expansion plans
Ka-ching. Jet card membership seller Wheels Up said earlier today it had completed an equity capital raise of $117.5 million. The money comes less than four months after the company said it had received a $90 million aircraft financing facility from KKR. Wheels Up said AccorFidelity Management & Research Company and funds and accounts advised by T. Rowe Price Associates, Inc. led this current round and were joined by existing investor, NEA as well as new institutional investors. The company initially set out to raise $100 million but agreed to upsize the offering based on significant investor demand, according to a press release. Wheels Up is now valued at close to $700 million, with an enterprise value north of $1 billion, again according to the company.
David Sneed, the hard-charging President and COO of Delta Private Jets (DPJ), left the subsidiary of Delta Air Lines, Inc. several weeks ago. While officials from DPJ didn’t respond to a request for comment, Private Jet Card Comparisons understands a new leader will be announced in the next couple weeks. Sneed’s profile is no longer on the DPJ website.
JetSuite is offering a “first flight free” discount when you activate or renew a SuiteKey account through the end of June. According to the jet card membership provider, the discount is to celebrate its entry into private jet management.
The rich are getting richer. Commercial airline service is getting worse as is the airport experience. Luckily, there are more ways to fly via private aviation where you don’t have to be worth $50 or $100 million and more.
JetSuite, the California-based private jet operator, is the first company featured in Private Jet Card Comparisons’ (PJCC) Elevator Pitch series. For the series, PJCC invited executives of jet card providers to give their best sales pitch on why you should consider their programs. Each executive was limited to 300 words.
Coachella is attracting private jets big league in 2017, according to a report by website Quartz. It reports XOJET flights are up 40% to three desert area airports, and XOJET was not alone.