JetSuite named to 2019 Dallas’ 100 fastest-growing private companies

JetSuite

The Dallas Business Journal’s list measures sales growth over the past three years

After moving to Dallas last year, JetSuite this year was named as one of the 100 Fastest-Growing Private Companies on the 2019 list by The Dallas Business Journal. JetSuite had been based in Orange County, California.

In its 29th year for awards, the newspaper said it worked together with The Caruth Institute for Entrepreneurship at Southern Methodist University’s Cox School of Business to put the list together.

Flexjet, Qatar Executive will be launch customers for the Gulfstream G700

Gulfstream G700

For Flexjet the order follows its $1.4 billion deal with Embraer announced earlier today; For Qatar Executive, it’s in addition to its July billion-dollar Gulfstream order

A billion dollars here.  A half-billion or so there. It is Las Vegas after all. As the National Business Aviation Association’s annual convention kicks off here, Flexjet followed up its morning announcement it is buying $1.4 billion in private jets from Embraer by placing an order to be the North American launch customer for the Gulfstream G700.

(Updated Oct. 23, 2019: Flexjet’s order is for 16 G700s valued at $1.2 billion)

Flexjet’s chairman Kenn Ricci wasn’t the only CEO playing at the high stakes table. Akbar Al Baker, CEO of Qatar Airways, is buying 10 of the new ultra-long-range, ultra-fast private jets for his Qatar Executive charter division. It follows a billion-dollar order with the Savannah, Georgia-based manufacturer in July.

Departures’ editors pick Legend Award winners in private aviation

The awards include private jet operators, luxury hotels, cruise lines, and architecturally interesting buildings

Departures, a bi-monthly magazine for American Express Platinum and Centurion cardholders has published what it is calling, “The Legend Awards.” In terms of how the list was put together, the publisher states, “We’ve sourced the best of the best in luxury offerings in the travel industry this year. And we’re sharing our insights with you.”

Wheels Up, Jet Linx, and XO: Comparing the private jet sharing options

Shared private jet charters offer big savings. Are they ready to take off? An in-depth comparison of the three major shared flight providers.

Jet Linx says last year it flew 40,000 empty seats; XO says it has sold over 160,000 single seats on shared flights

Sharing half of your flights between New York and South Florida during the winter could save as much as $75,000

Restrictions in jet sharing may mean it’s not right for you

Can you fly for the same price as first-class with the airlines?

Everyone wants to fly privately, says Kenny Dichter, the CEO and co-founder of Wheels Up. And the idea is the cheaper it is to fly privately, the more people who will do it. Dichter says that was his idea using the eight-seat King Air 350i to “democratize” short flight.

In the world of chartering your entire aircraft, he cut the price for a one-hour flight for eight people to around $5,000 compared to a cost of $8,000 to $10,000 for the same trip on a jet. His argument was that there was a minimal time penalty since landings and takeoffs are not at full speed, and often as you get near to your destination airport, airplanes are slowed down to similar speeds.

JetSuite is Phenom 300 focused with plans to add new private jet types

Jet card and charter operator JetSuite is adding Phenom 300s, paring down its Phenom 100 fleet, and is planning to add at least another type

JetSuite and its sister company JSX are projected to have more than 100 aircraft by 2023

The revamped SuiteKey jet card program with fixed-rates and guaranteed availability is attracting national demand, says president Stephanie Chung

As Dallas-based JetSuite makes the turn into its second decade, its president Stephanie Chung says after a year on the job, she is ready to help lead the company into a future that looks to be focused on larger aircraft. It means paring down the Embraer Phenom 100 that helped launch the company. It recently stopped accepting new members and renewals for the type.

Chung said, “Our immediate goal is to become a dominant provider in the U.S. and to accomplish this, we will continue to add more 300s, as well as gradually lessen our footprint within the very light jet space.”

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