NetJets announced options to purchase up to 325 Cessna Longitude and Hemisphere private jets today
NetJets and Textron Aviation announced today during the National Business Aviation Association (NBAA) Convention & Exhibition an agreement giving the fractional share, lease and jet card operator the option to purchase up to 175 super-midsize Cessna Citation Longitude aircraft and up to 150 Cessna Citation Hemisphere aircraft.
There are over 40 jet card providers offering more than 250 programs, and there are some significant differences and not just in price
In this article, I want to explain the differences in how aircraft for various jet card programs are sourced. Of the subscribers to Private Jet Card Comparisons, I estimate about 75% are flying via on-demand charter, but after getting tired of the work it takes for each trip to compare quotes, quality of providers and varying charter terms, they are seeking an easier solution but don’t necessarily want the long-term commitment of leases and fractional shares, hence jet cards. The benefit of jet card programs is once you choose the right program, arranging your flight is generally one phone call or can even be handled online or through an app. Of course, finding the right provider and program takes a bit of work. We’ve identified over 65 places that the card programs vary, which depending on your flying needs can be critical or incidental.
NetJets is the largest operator of private jets in the world, but it doesn’t offer all of its aircraft types in jet cards. Which one is next?
NetJets has previously said the jet card flying accounts for about 20% of flights with its core business of fractional shares and leases taking up the lion’s share. Currently, it has five jet specific cards covering light, midsize, super midsize and large private jets, a combination card that enables buyers to split time between two types, a cross-country card and an Elite card, which includes FET and fuel surcharges in pricing. There are no turboprops in the NetJets fleet, but it has a number of aircraft not in the jet card programs.
The fractional jet card and ownership seller continues to be busy on the lifestyle front with luxury travel and real estate partnerships
Yesterday and today we had two separate releases from NetJets, one announcing a new partnership, and a second extending one launched just last year. In the case of the newest addition, it comes within the family of parent Berkshire Hathaway as Berkshire Hathaway HomeServices New England, New York and Westchester Properties saying “agents and their clients will have access to NetJets benefits.”
When you buy a jet card, you don’t just buy hours of flight time, you buy hours of family time. After you look at these adorable pictures, we dare you not to buy a jet card! #FlyPrivateFriday
Jet cards enable you to book a jet with one call being secure that you know the safety standards from your program for sourcing both aircraft and pilots. And by the way, if you subscribe to Private Jet Card Comparisons you can compare standards for over 250 jet card membership programs. But enough with the commercials, let’s go on to the cute kids.