Jet Edge’s deal for JetSelect brings an 85 strong fleet mainly focused on large-cabin and super-midsize private jets
The merger may mean better terms for large cabin and super-midsize jet card offerings
The old year ended with Delta Air Lines announcing it was merging Delta Private Jets into Wheels Up. When the deal closes, it becomes Wheels Up’s largest shareholder creating a fleet of over 180 aircraft, mainly King Air, light and midsize aircraft.
The new year begins with Jet Edge International, a major player in large-cabin private jets, acquiring JetSelect Aviation. The deal creates a fleet of 85 aircraft.
Last February, Jet Edge announced it had raised $60 million to fund expansion and acquisitions.
Available to its jet card program members now, VistaJet
expects to have six Global 7500s flying by the end of 2020
Vista Global’s VistaJet will put the first of six Bombardier Global 7500 ultra-long-range private jets into service starting in January 2020. Members of its Program, the private jet charter operator’s version of a jet card and alternative to fractional ownership, can start reserving flights as of today. The company has said it has orders and options for as many as 30 of the new jets.
Instead of the traditional hours-based approach, World Access starts at 75 days per year and is priced based on a quarter share
In perhaps one of the more innovative private aviation programs we’ve seen recently, Flexjet is moving its Gulfstream G650 fractional share and lease program from hours to a day based formula.
While the day-based approach on the surface mirrors what Airshare has been offering on its fleet of Phenom 300s and 100s for several years, it’s the first time we’ve seen it being applied to large cabin aircraft. It also amps up the competition between NetJets, VistaJet and Flexjet in the fight for high-spending ultra-long haul private jet fliers.