GE’s Move To Cut Back Its Own Private Jets May Spur Innovation In The Charter Market
The King is dead. Long live the King. Jeffrey Immelt’s 16-year reign at General Electric is over and new CEO John Flannery will be shepherding a new $2 billion cost-cutting plan. One of the casualties will be GE’s corporate flight department.
Zetta Jet is focused on long-haul private jet charter and jet card programs for the global traveler
Zetta Jet USA, Inc., previously known as FKA Advanced Air Management, has filed a voluntary petition for Chapter 11 bankruptcy, Private Jet Card Comparisons has learned from reviewing court filings. The filing was made with the Central District of California – Los Angeles. Singapore-based Zetta Jet had been growing quickly and its website lists 11 tail numbers currently part of its fleet. In June, its Managing Director Geoffrey Cassidy told Corporate Jet Investor, the company expected to take delivery of four Global 6000s this year, along with three Challenger 650s by the end of the year. In the filing, Zetta Jet PTE Ltd. is listed as controlling 100% of equity security in Zetta Jet USA, Inc. which could also raise issues about foreign control.
With fractional shares, jet cards, and aircraft management, stability from ownership by Warren Buffett’s Berkshire Hathaway, an enviable reputation for service and a client list which reads like a who’s who of elite travelers, NetJets is the largest operator of private jets in the world. Recently its Executive Vice President Patrick Gallagher stepped into the elevator at Private Jet Card Comparisons to give his pitch on why you should consider the Columbus, Ohio based provider. You can read his elevator pitch here.
In addition to selling fractional shares and jet cards, NetJets has made a mark via its strong presence in the professional golf market
Private jet fractional share and jet card provider NetJets has extended its contract as the Official Private Jet Provider of the PGA TOUR and PGA TOUR Champions. The agreement solidifies a partnership between NetJets Inc. and the TOUR through 2022, providing flights, marketing support and charitable contributions to assist the PGA TOUR, tournaments, and players around the world, according to a press release issued by the two entities.
Private jet activity spiked by 28% during the solar eclipse
Monday’s full solar eclipse was accompanied by a 28% spike in private aviation flight activity, according to TRAQPak, a service that tracks flying by private aircraft. According to a press release, there were 10,606 private aviation flights on August 21, 2017, compared to an average of 8,276 flights on previous Mondays during the year.
Flexjet jet cards start at $162,000 for 25 hours on an Embraer Phenom 300 and $249,000 for a Challenger 300
So you’ve been reading about the Flexjet Red Label LXi fleet with its customized luxury interiors, including the Gulfstream G650 and 500, the Bombardier Global Express, Challenger 350 and Embraer Legacy 450. While NetJets offers a wide range of jet cards across its fleet of fractional aircraft, we wondered why Flexjet would only offer the Embraer Phenom 300 and Bombardier Challenger 300 for its two jet cards.
Private jet travelers need to plan as soon as possible to make sure they will be able to see the eclipse
NetJets is seeing increased demand for private air travel to destinations in the path of the eclipse similar to peak holidays At the beginning of the week, a spokesperson for the fractional share and jet card seller told Private Jet Card Comparisons it has 125 flights identified as being in a location to view the eclipse for August 21.