A petition to vacate the proposed class arbitration awards in the case of JetSmarter could lead to more filings, say several lawyers
“It’s never over till it’s over,” said the late Yankees’ Hall of Fame catcher Yogi Berra. And, the city so nice they named it twice is at the center of one former JetSmarter member’s effort to vacate the current class action arbitration against the jet-sharing company that is currently moving through the system in Florida.
A petition filed in the United States District Court, Southern District of New York is seeking to scuttle a proposed class action arbitration settlement that is due to be approved as soon as early July.
While a one-off short flight on a light jet might be had for as little as $5,000, you can also buy a new $70 million ultra-long-haul private jet. We look at the options, including full ownership, fractional shares and leases, jet cards and on-demand charter
The cost of a private jet varies widely, from owning an entire aircraft to chartering on-demand. But what are the options?
Fractional ownership and leases, as well as jet cards, have become a popular middle ground, providing convenience and consistent experience in many ways offering the best of either full ownership or on-demand charter.
However, figuring out the right solution isn’t necessarily based only on flight hours. Current U.S. tax benefits of full or fractional ownership can tilt the scale in their favor, particularly if most of your flying is for business.
According to Private Jet Card Comparisons’ Quick Compare Flight Pricing, the deal gives you the lowest hourly rates in light and super-midsize private jet categories of any national program
Jet card broker Private Jet Services, which made its mark
with corporate shuttles, sports team, live entertainment, and political
campaign charters, is offering a free hour with the purchase of a 10-hour jet
The offer requires purchase by July 4th and travel needs to be completed by Oct. 14, 2019, Columbus Day. The terms of the 10+1 card are the same as other PJS jet cards, according to the company.
Aeromexico Private Jets will work with Delta Private Jets to
provide seamless services for customers traveling in the U.S.
Aeromexico Group has partnered with Aerolíneas Ejecutivas, an IS-BAO, Wyvern Wingman and Argus Gold charter operator to launch Aeromexico Private Jets, an offering that will include a jet card product.
In the translation of a press release, Aeromexico said, “We
are proud to present Aeroméxico Private Jets, a new private aviation service in
conjunction with Aerolíneas Ejecutivas, which combines the best of both worlds:
the experience and premium service of the Mexican flag carrier with the
flexibility of Aerolíneas Ejecutivas, a leading aviation company private for
more than 50 years.”
The deal, which is being announced this morning, and closed Friday, adds 26 light jets to the Wheel Up fleet
Wheels Up announced this morning that it has closed a deal to acquire Elkhart, Indiana-based Travel Management Company (TMC), a significant fleet operator of owned and leased light jets serving the on-demand charter market. The deal will increase the current Wheels Up fleet to 119 owned and leased aircraft. Terms of the deal were not disclosed.
For Wheels Up founder Kenny Dichter, who helped popularize jet cards by launching Marquis Jet Partners in 2001 before selling it to NetJets in 2010, the move comes after he announced in January he had hired Goldman Sachs and Bank of America to provide advice on strategic options.