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

NetJets financials

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.

Fractional private jet flights rebound in May

NetJets and Directional’s Flexjet and Flight Options account for 85% of fractional fleet flying, according to Argus Traqpak

There’s a reason for optimism in Ohio this weekend. The state is home to NetJets and Directional Aviation’s Flexjet and Flight Options, which combined account for 85% of North American fractional flight activity.

Clay Lacy, Jet Linx lead private jet CARES Act recipients

Clay Lacy

Clay Lacy Aviation received $26.9 million while Jet Linx Aviation was given $20 million, according to U.S. Treasury documents

NetJets, Wheels Up, Flexjet, XOJET Aviation and related companies were notably absent from the Treasury Department’s list of COVID-19 aide recipients

See the full list of aviation companies receiving CARES Act Coronavirus financial support

In a list dated April 27th, the U.S. Department of the Treasury published names of 96 companies receiving some of the $32 billion earmarked to preserve aviation jobs. The list includes both airlines and private jet operators.

The act specified grants needed to be based on payroll expenses from April 2019 through September 2019, subject to proration. Funds must be used for the continuation of payment of employee wages, salaries, and benefits. 

Battling NetJets: Is Flexjet readying a billion dollar order from Gulfstream?

Flexjet

Flexjet is already a significant Gulfstream operator and has been ramping up its expansion plans for Europe

A report last Friday by Corporate Jet Investor (CJI) speculated that Flexjet might be readying a billion-dollar order with Gulfstream. The item came after Phebe Novakovic, CEO of General Dynamics, parent of the business jet manufacturer, told analysts the division was working on a big deal and it was with an existing customer.

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