Private Aviation Deal Book by Private Jet Card Comparisons

Private Aviation Deal Book

Let’s make a deal. The M&A market for private jet operators is hot. Over 50 deals, fundraises, launches, and bankruptcies detailed

(Updated June 8, 2021) The COVID-19 crisis may be bringing the already simmering mergers and acquisitions market for private jet operators and brokers back to a boil.

JetSuite burned through at least $100 million in cash before filing for Chapter 11

JetSuite bankruptcy

In addition to over $50 million in jet card deposits, grounded private jet charter operator JetSuite received over $57 million from affiliates since 2016

Flight delays caused by President Trump, stolen silverware, broken coffee makers and ‘race to the bottom’ pricing’ increased the losses

Is a JetSuite 2.0 in the works?

Court documents from the bankruptcy proceedings of Superior Air Charter, LLC, better known as JetSuite, show a company that was burning through cash since at least 2016.

During that time both JetBlue Airways and Qatar Airways made investments into the parent company JetSuiteX, Inc. Additionally, JetSuite used $50 million in unredeemed deposits from jet card customers towards operations, something its contracts permitted. The company, like other key players in the market, did not offer an escrow account.

Qatar Executive

qatar executive private jet

Qatar Executive Overview

Year Founded2009
LeadershipAkbar Al Baker, Group CEO
HeadquartersDoha, Qatar
Jet Card Hourly RatesRates are customized to individuals based on flying needs
Related ProductsOn-demand CharterEmpty Legs
Related CompaniesA subsidiary of Qatar Airways Group; In the group with Qatar Duty-Free, Qatar Airways Cargo, Al Maha Services, Qatar Aviation Services, Qatar Aircraft Catering

Founded in 2007 as a fully owned subsidiary of award-winning Qatar Airways, Qatar Executive has a fleet of long-range and ultra-long-range Gulfstream and Bombardier jets. It is a launch customer for the Gulfstream G700.

In 2020, it launched The Diamond Agreement offering global fixed-rate, guaranteed-availability private jet solutions.

Qatar Executive is included in Private Jet Card Comparisons’ database of over 50 jet card providers, enabling you to compare programs in minutes.

Who owns it?

 It is a wholly-owned subsidiary of Qatar Airways

When was it founded?

2009

Who is the CEO?

 Akbar Al Baker is CEO of the group

How are aircraft sourced?

Qatar Executive owns its aircraft

Qatar Executive Fleet

AircraftSize
Global XRSUltra-Long-Haul
Global 5000Ultra-Long-Haul
Gulfstream G650ERUltra-Long-Haul
Gulfstream G700Ultra-Long-Haul
Source: Qatar Executive

What are the initiation and membership fees?

None

What is the entry-level program?

The Diamond Agreement starts at 50 hours per year

Does The Diamond Agreement provide guaranteed availability?

Yes

Is the hourly rate guaranteed?

Yes

Can jet card holders/members use multiple aircraft at the same time?

Based on availability

What is the company website?

www.qatarexecutive.com

Where is headquarters?

Doha, Qatar

Contact a Sales Executive at Qatar Executive

Latest Qatar Executive News

The latest news and updates from Qatar Executive:

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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