NetJets cuts the cost of short flights on Citation Latitude, XLS and Phenom 300

NetJets cost

The world’s largest private jet operator is cutting the price for short flights on light and midsize aircraft

In the email to customers, NetJets also called the list of private aviation companies receiving CARES Act funds “eye-opening”

Private jet short-hops on select aircraft this summer just got cheaper. In an email to its fractional shareowners and jet cardholders, NetJets said it is eliminating the 60-minute minimums for flights. There is no daily minimum. The waiver is valid for the life of your jet card, and on peak days as well.

NetJets adds the Citation Latitude, Challenger 350 and 650 to jet card line-up

NetJets cost

The new private jets replace previous offerings for the Falcon 2000 and Citation X

Last month we reported NetJets restructured its jet card program eliminating fuel surcharges and cutting prices.

It also added jet cards with the Cessna Citation Latitude and Bombardier’s Challenger 350 and 650 in both its Classic Card (nee Marquis Jet) and Elite Card formats.

Jet Card programs make pricing and policy updates in response to COVID-19

compare jet cards 2020

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.

NetJets restructures jet card pricing, reduces rates

NetJets pricing

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.

Is NetJets worth the price?

NetJets may be ubiquitous with the concept of fractional ownership, and by far the dominant player in the market, but the big question remains, is the unit of Berkshire Hathaway worth a premium?

(Updated Feb. 12, 2020) Of the over 1,000 subscribers to Private Jet Card Comparisons since we launched nearly two years ago, I get to talk with perhaps 20%, so while it is more day-in-day-out contact with private aviation consumers than probably any other journalist, it’s still a relatively small sample of users.

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