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After telling customers it is hitting record flight levels, NetJets is now pulling back on its jet card program, at least for the time being.
While rivals Flexjet and Jet Edge are moving to challenge NetJets with varied strategies, the market leader shows no signs of letting up. In a letter to customers, NetJets president Patrick Gallagher wrote the Berkshire Hathaway-owned fractional and jet card provider would take delivery of over 50 factory-new aircraft this year.
Argus TRAQPak’s annual business review of private jet fractional ownership operators in North America shows from the handful of players, NetJets and Flexjet continue to dominate. Together, the top two players control 85.8% of the market based on flight hours.
While private aviation brokers and operators in Europe are to some degree scrambling now that Brexit has come to fruition, NetJets Europe says it was prepared, and there is no impact for its customers.