Private jet charter operator XJC Jets heads for a hard landing
– In 2016 Chris Phillips was listed one of Britain’s 24 richest people under age 30
– Hari Ravichandran was at onetime named by Forbes as Number 19 on its list of America’s Most Powerful CEOs 40 and under
– Jet card and other claims and losses being analyzed
(Updated Dec. 5, at 9:31 pm) Chris Phillips, who in 2016, was named to a list of the 24 richest people in Britain under the age of 30, is seeing his XJC Jets business grounded, Private Jet Card Comparisons has learned exclusively.
He joins Hari Ravichandran, anointed one of America’s Most Powerful CEOs 40 and under by Forbes, on what appears to be an unsuccessful flight.
Court filings indicate both own more than 25%, but not more than 50% of the private jet charter company.
Documents had previously shown a company where Phillips is CEO, Just Develop It, as the controlling stockholder.
The U.K. private jet charter broker says capped rate jet cards now account for 40% membership sales
Air Charter Service, which sells jet card programs with both U.S. and European service areas, reports its capped rate jet cards now account for 40% of jet card sales. The capped rate product was launched in August 2018.
In a press release, Tim Rees, ACS’s jet card manager, commented, “It’s easy to see the appeal of the Capped Rate Jet Card scheme. It allows clients to budget for the year by giving them a fixed rate, capped price, but allows them to benefit from market prices at the time of booking which generally saves the customer money.”
The private jet rental and jet card broker says you can hire a private jet from $24,175
In addition to selling jet cards, Air Partner sells on-demand
charter, and to entice those of you who are skiers, it is publishing some
pricing estimates to hire a private jet from major cities to top ski
RISE is targeting fliers traveling privately 15 hours per year
Vista Global has also dropped references to JetSmarter in its XO branding
XO, which was formed by the merger of JetSmarter and XOJET, is making more tweaks to its membership offerings.
The biggest is the launch of RISE, a new tier targeting private travelers who fly less 15 hours per year.
It is priced at $595 and joins Select Access, Signature Access and Elite Access in the XO line-up membership line-up.
In a press release, the company said, “RISE makes private
aviation more accessible and valuable for those who seek to use it more
frequently – or have never experienced it – as well as those who fly private
regularly, but are not
getting the elevated service, flexibility and quality aircraft they deserve.”
The U.K.-based charter and jet card broker said its Americas offices have surpassed the $250 million mark in sales
Air Charter Service said it has expanded its U.S.
headquarters to more than 20,000 square feet, double its previous space.
Richard Thompson, its president for the Americas, said in a
press release, “Last year ACS Americas arranged just shy of 6,000 charter
contracts across the nine offices and saw revenue of more than $250 million.”