The two largest players in fractional ownership of private jets saw significant growth in 2019
NetJets and Flexjet, the two largest players in the fractional ownership market, both recorded strong performances in 2019, measured by flight hours.
According to data released by Argus Traqpak, for the total fractional market, flights and flight hours grew 5.9% and 7.9% respectively, when compared to 2018.
The largest private jet operator in the world continues its focus on lifestyle programs for its fractional share and jet card customers
Wine and private jets might not be quite like peanut butter and jelly, but they do seem to go together.
In the news section of its website, NetJets is highlighting its Vintner Circle Program.
The global non-ownership private jet provider is extending its partnership for a second year
Ever active in its marketing, VistaJet announced it will continue its partnership with Scuderia Ferrari for a second year as official supplier of private jet travel.
In a press release, the private jet fleet operator said, “With the ever-demanding race calendar and often only days between Grands Prix, the team faces challenging timelines. VistaJet will support the team to optimize their travel and transfer times throughout the 2020 Formula One season.”
NetJets says its “Likelihood to Recommend” score is at a record high
In a year-end message, NetJets recapped a number of accomplishments.
Among the most notable, the Berkshire Hathaway-owned private jet operator too delivery of its 100th Citation Latitude and 100th Challenger. It also marks its key role in supporting manufacturers and creating quality jobs.
This month brings its first Citation Longitude, and a year with nearly 70 deliveries of new aircraft.
Earlier this year, it also launched jets cards for the Phenom 300 and Citation Sovereign.
Available to its jet card program members now, VistaJet
expects to have six Global 7500s flying by the end of 2020
Vista Global’s VistaJet will put the first of six Bombardier Global 7500 ultra-long-range private jets into service starting in January 2020. Members of its Program, the private jet charter operator’s version of a jet card and alternative to fractional ownership, can start reserving flights as of today. The company has said it has orders and options for as many as 30 of the new jets.
Across fractional ownership, leasing, and jet cards, we look at the leading branded private jet options when you are looking for large-cabin, long-haul solutions (including seat maps)
Updated to include VistaJet’s Global 7500
(Updated Nov. 9, 2019) If you are looking for program access to a branded fleet of large-cabin aircraft and are based in the U.S., the options are somewhat limited, although they include the three of the most prominent fleet operators out there with NetJets, Flexjet and VistaJet.
Also of note is Dumont Group, which expects to have a fleet of around 27 Dassault Falcon 2000 aircraft by early next year. In this report, we give you an overview of the current options from each provider.
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.