Fast-growing FlyExclusive is making its first new aircraft order and expanding from charter and jet cards into fractional ownership
Kinston, North Carolina-based FlyExclusive has entered into a purchase agreement with Textron Aviation for up to 30 new Citation CJ3+ light jets. The fifth-largest operator in North America will also enter the fractional ownership market.
Continue reading “FlyExclusive orders up to 30 Citation CJ3+s, moves into fractional ownership”
Gulfstream bumped Bombardier as the most used large private jet in 2020 while holding onto the top spot in super long-range private jets, according to Argus TRAQPak
Textron Aviation’s Citation Excel/XLS, Mustang, and King Air 200 were the most flown aircraft in their respective categories
Gulfstream Aerospace had the most popular large cabin and super long-range private jets in 2020, according to just-released data from Argus TRAQPak.
At the same time, Textron Aviation saw three of its business aircraft take the top spot in three of the eight categories. Its Beechcraft King Air 200 was the most flown multi-engine turboprop. The Cessna Citation Mustang was the most popular very light jet. Its Citation Excel/XLS/XLS+ won the midsize private jet category.
Continue reading “The most popular private jets of 2020 revealed”
In addition to over $50 million in jet card deposits, grounded private jet charter operator JetSuite received over $57 million from affiliates since 2016
Flight delays caused by President Trump, stolen silverware, broken coffee makers and ‘race to the bottom’ pricing’ increased the losses
Is a JetSuite 2.0 in the works?
Court documents from the bankruptcy proceedings of Superior Air Charter, LLC, better known as JetSuite, show a company that was burning through cash since at least 2016.
During that time both JetBlue Airways and Qatar Airways made investments into the parent company JetSuiteX, Inc. Additionally, JetSuite used $50 million in unredeemed deposits from jet card customers towards operations, something its contracts permitted. The company, like other key players in the market, did not offer an escrow account.
Continue reading “JetSuite burned through at least $100 million in cash before filing for Chapter 11”
The world’s largest private jet operator has released a summary of both precautions it is taking as well as current travel restrictions
As more and more airlines cut back on their flight schedules due to government restrictions and plummeting demand, NetJets and other private aviation providers continue to offer critical links in these challenging times.
In an update posted yesterday on its website, the world’s largest private jet operator wrote, “The COVID-19 pandemic has created a constantly changing landscape at NetJets. We will continue to issue operational updates as they become available, but we wanted to take a moment to provide reassurance that we are taking all necessary precautions to mitigate the spread of the virus and continue to keep our owners and our employees safe.”
Continue reading “NetJets updates COVID-19 Coronavirus impact on operations”