Qatar Executive launches fixed-rate private jet lease program

Qatar Executive

The Diamond Agreement provides fixed rates and guaranteed availability starting at 50 hours

The Doha-based private jet charter operator features a fleet of large cabin and ultra-long-range Gulfstream and Bombardier private jets

Qatar Airways’ Qatar Executive division is set to launch a fixed-rate, guaranteed lease program starting at 50 occupied hours. An official announcement is expected later today.

JetSuite grounds fleet amid COVID-19 Coronavirus crisis

JetSuite

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.

Flexjet, Qatar Executive will be launch customers for the Gulfstream G700

Gulfstream G700

For Flexjet the order follows its $1.4 billion deal with Embraer announced earlier today; For Qatar Executive, it’s in addition to its July billion-dollar Gulfstream order

A billion dollars here.  A half-billion or so there. It is Las Vegas after all. As the National Business Aviation Association’s annual convention kicks off here, Flexjet followed up its morning announcement it is buying $1.4 billion in private jets from Embraer by placing an order to be the North American launch customer for the Gulfstream G700.

(Updated Oct. 23, 2019: Flexjet’s order is for 16 G700s valued at $1.2 billion)

Flexjet’s chairman Kenn Ricci wasn’t the only CEO playing at the high stakes table. Akbar Al Baker, CEO of Qatar Airways, is buying 10 of the new ultra-long-range, ultra-fast private jets for his Qatar Executive charter division. It follows a billion-dollar order with the Savannah, Georgia-based manufacturer in July.

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