Wheels Up and Vista Global have more deferred private jet charter revenue from jet card sales for future flights than cash. Flyers keep buying. Here’s why
In the past couple of weeks, private jet charter providers Wheels Up Experience, parent of Wheels Up and Air Partner, and Vista Global Holding, which includes VistaJet and XO, were in the news about their finances and their amount of jet card sales for future flights compared to cash.
Continue reading “House of Jet Cards: Evaluating the risks and rewards of a multi-billion-dollar private jet charter product”
Flexjet, Sentient Jet, FXAir, and PrivateFly parent is ending its planned IPO via SPAC merger and will remain privately held
Directional’s Flexjet, Inc. said it has agreed to terminate its previously announced business combination agreement with Horizon Acquisition Corporation II, a publicly traded special purpose acquisition company, or SPAC.
Continue reading “Directional’s Flexjet, Inc. ends SPAC merger, plans to remain privately held”
After you wire your funds or send in the check to your jet card company, here’s what happens to your money
You just signed the contract for a jet card or private jet membership. The next step is wiring funds or mailing a check for hundreds of thousands of dollars. Chances are you never met the folks you’re sending the money to. Many sales are consummated and completed via phone and email. So, what happens to your money?
Continue reading “What happens to your jet card and private jet membership deposits?”
Some private jet providers are looking more closely at profitability instead of just revenues. In fact, you may have already received your walking papers
It took the Covid pandemic to boost business aviation out of its lost decade precipitated by the 2008 Financial Crisis. Yet along with an influx of new customers and record revenues came higher expenses, new operating realities, and in some cases, a realization that customers could no longer be accommodated in the way they were pre-surge. Here’s how to tell if you are getting fired from your jet card.
Continue reading “You’re fired! Are you an unprofitable private jet flyer?”