Both the Coronavirus pandemic and the CARES Act waiving the 7.5% Federal Excise Tax are impacting jet membership costs and terms
To say the past month and a half has been a roller coaster for private aviation would be an understatement.
March started with high hopes. A spike in requests from first-timers who wanted to get to second homes or relocate family members kept activity close to normal.
The world’s largest private jet operator is updating its Marquis Jet and Elite jet card memberships in response to declining fuel prices and the COVID-19 Coronavirus pandemic
NetJets is eliminating fuel surcharges on its Marquis jet card programs and moving to inclusive pricing. At the same time, it is reducing the inclusive pricing on its Elite branded jet cards.
The move was not publicly announced but is instead being communicated directly to customers and prospects.
The two most searched private aviation companies are surprisingly different
Each month there are over 50,000 unique online searches for both NetJets and Wheels Up. While each play in the consumer solutions sector of the private aviation space, their differences underline something that is often surprising to many, and that is there are significant differences between the various providers.