As flight demand exceeds NetJets’ all-time highs, the move impacts renewals and new customers for jet cards, leases and fractional ownership shares
After raising rates, eliminating the Citation Latitude from its card offerings, suspending sales of its Classic jet cards, and moving to peak day blackouts on its Elite cards, NetJets this morning is putting a “temporary pause” on the sale of jet cards, fractional shares and leases on its Phenom 300 and Citation XLS entry-level aircraft options. The move impacts both new customers and existing customers who are seeking to stay with the world’s largest private jet operator.
As flying hits record levels, NetJets is pulling back on its jet card program, eliminating peak day flights on its Elite cards and suspending sales of its Classic jet cards
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.
The world’s largest private jet operator – NetJets – says flying is now at record levels and it will take delivery of over 50 new private jets this year
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.
NetJets is increasing jet card hourly rates, and removing the Citation Latitude from its jet card options
If you want to lock in current jet card pricing, you probably should buy now. With May flight segments up 20% over 2019 levels, NetJets may be signaling something that will ripple across the industry – price increases.