Private jet charter operator JetSuite has grounded its fleet of Embraer Phenom 300s and 100s
Sister JSX is continuing a reduced schedule of flights between private jet terminals
Private jet charter operator JetSuite, which sells Phenom 300 jet cards, is halting operations. The move reflects a steep dive in private travel from the COVID-19 Coronavirus pandemic. Closure of many hotels and resorts has meant aside from second homes and emergencies, there are few places to travel.
The new-member offer reduces hourly rates on its Embraer Phenom 300 fleet to $5,795 during the first six months
JetSuite, which last year added five Embraer Phenom 300s, is now offering new members in seven Southwestern U.S. states significantly reduced hourly rates as low as $5,795, which is up to 15% off normal pricing.
Regular program rates range from $6,375 to $6,776 per hour, excluding 7.5% FET, based on deposit tiers ranging from $100,000 to $500,000.
Embraer’s Phenom 300/300E is the best selling light jet of the past decade; We look at its varied seating options
The Phenom 300 and its updated brother, the Phenom 300E, are the best selling light jet type in the past decade.
It is popular with individual owners, and also fractional share and charter fleet operators selling jet cards. It has a high resale value – if you can buy one. There are only 16 on the market. That’s a mere 3.6% of the fleet.
NetJets and Flexjet agree
The list of operators is a who’s who, including the industry’s biggest players. NetJets and Flexjet agree on few things. They both selected the Phenom 300 as their core light jet option.
Magellan Jets has issued a white paper on what you should know about private aviation safety
Boston-based jet card and on-demand charter broker Magellan Jets has added to its library of educational white papers for private jet fliers with a white paper titled, “How Safe Is Your Private Aviation Company?”
Magellan’s report notes when it comes to providing safe private jet flights, “You can bet that every operator out there will make this same claim. But are they all the same? How can you ensure that a private aviation operator is walking the walk when it comes to safety?”
The Dallas Business Journal’s list measures sales growth over the past three years
After moving to Dallas last year, JetSuite this year was named as one of the 100 Fastest-Growing Private Companies on the 2019 list by The Dallas Business Journal. JetSuite had been based in Orange County, California.
In its 29th year for awards, the newspaper said it worked together with The Caruth Institute for Entrepreneurship at Southern Methodist University’s Cox School of Business to put the list together.