The number of new jet card providers and programs has grown more than 20% in just the past three years
Over the past three years, there are at least seven new private jet card providers that have entered the market, either start-ups or existing aviation companies that have launched jet card programs. Additionally, there are at least three or four programs soon to be launched we are aware of and getting ready to fill you in on the details.
Victor, which is planning to launch a Jet Card program in the U.S., says its ambition is to use carbon-neutral fuel for 100% of flights by 2020
Victor, an online air charter broker in Europe and the U.S. which previously disclosed plans for a Jet Card program, says it has launched a carbon offset program for customers. The program, in collaboration with Air BP and BP Target Neutral, is a proactive initiative to get ahead of key deadlines for reducing the private aviation sector’s overall environmental impact and improve the livelihoods of local communities around the world, the company said in a press release received by Private Jet Card Comparisons.
Investment capital continues to pour into private jet and helicopter membership, card and sharing programs
Here it comes. Add Fly BLADE to JetSmarter, JetSuite, Stellar.aero, Victor, VistaJet and Wheels Up – the list of private jet card, online charter and by the seat private aviation companies that have raised over $500 million over the past 18 months. According to a press release, BLADE added “approximately $38 million” to its coffers via Series B Financing led by Colony NorthStar and Lerer Hippeau along with Airbus Helicopters and LionTree Ventures.
Clipper Jet says its by the seat private jet membership model is finally getting ready to take flight
Perusing Google search results I came across a first page May 2015 article from AFAR titled “6 Jet Startups That Will Get You Flying Private.” JetSmarter, Victor and Surf Air are still alive and kicking. BlackJet and Beacon are out of business, and I hadn’t heard or seen anything from ClipperJet in years. However, when I went to their website, it was still up and running and in fact, there was a full page outlining its three membership options. In the press section, there was no coverage since the aforementioned piece and something from Conde Nast Traveler from April 2015. Wondering what was going on, I called the number on the website and it was answered by Paul Sanchez, one of the founders and an executive vice president.
Is XOJET in play? The company said it is looking at raising new funds, a merger, sale or strategic alliance.
In order to best position XOJET for continued growth and expansion, Perella Weinberg Partners has been engaged as a strategic advisor to explore a range of options that may include a capital raise, merger, sale of the company or a strategic alliance, according to a statement received by Private Jet Card Comparisons. The company was started in 2006 and has over 450 employees, 41 of its own aircraft and over 1,300 additional private jets in its broker network. The company has a 24/7 operations center spanning 21,000 sq. ft. in Sacramento, CA. The firm also recently completed the purchase of two Citation X aircraft and is planning to expand the fleet with additional aircraft acquisitions in 2018. Last year, it continued a refurbishment of its current fleet and launched a new membership fee model program. Current key investors include TPG Capital and Mubadala.
The Canadian private jet charter broker is bringing a fixed markup model to its Jet Card
Canada-based upstart Jettly is bringing its fixed pricing markup model of private jet charter to the Jet Card segment. It follows Wholesale Jet Club last year as well as Paramount Business Jets, which both sell Jet Cards using a fixed markup over operator pricing. U.K.-based Victor has said it will launch a deposit product in the U.S. early this year. In the case of Jettly and Wholesale Jet Club, the programs also include a monthly or annual fee in addition to the fixed markup.
On-demand private jet charter broker Victor has raised $18 million from BBA Aviation, BP Ventures and existing shareholders
Following Victor’s BP Ventures-led Series B investment round of $20 million in September the company is back raising more money, including the creation of a new corporate umbrella that will be known as Alyssum Group Ltd. Victor said it will now which pursue an “acquisitive strategy within general aviation sector,” according to a press release received by Private Jet Card Comparisons. It said this new money signals closure of the Series B process as Alyssum Group gears up for planned Series C investment round in mid-2018. Victor Founder & CEO Clive Jackson appointed Group Chief Executive of Alyssum Group.