Private Jet Card Comparisons is the only independent buyer’s guide providing subscribers head-to-head comparisons of over 100 private jet card membership programs in easy-to-use spreadsheets. Compare hourly rates, pricing, fees and more than 65 variables
To find the right jet card program for your needs takes a bit of work. While many buyers rely on recommendations from their friends, your friends’ flying habits are probably different from yours. At the same time, you can have your assistant or finance department do some Google research. They will come back with a handful of randomly selected companies. They then have to spend time filling in request forms with providers and waiting for each jet card seller to send their information. After that, they need to take the collateral and put it into a form where you can start comparing programs which vary widely. What’s more, they will have to spend time going back to providers and asking them for information they didn’t provide.
Skyjet Explorer will compete in the private jet Membership segment, including Wheels Up, JetSmarter and XOJET
Choices, choices, choices. In the private jet card and membership sector, the diversity of offers continues to grow. Directional Aviation yesterday announced it is expanding its coverage of the private aviation travel market by introducing its first pay-as-you-fly membership program. The company, which owns Flexjet, Sentient Jet and Skyjet is using the latter to introduce the new product, billed as Skyjet Explorer. Flexjet sells fractional ownership shares and leases, plus jet cards; Sentient focuses exclusively on jet cards and until now Skyjet had been an on-demand charter provider.
JetClass, JetSmarter, Surf Air and soon, possibly Wheels Up, are trying to bridge the gap between commercial airlines and full private jet charter in Europe
Another private jet like shuttle service says it is making inroads in European’s aviation market. JetClass, which is a “non-subscription” service has been offering travelers the opportunities to buy single seats on shared private jets for as little as EUR 290 since the beginning of the summer. JetClass comes from Wagas Ali and Vladislav Zenov who founded online private jet broker CharterScanner.
Wheels Up Joins VistaJet, JetSuite, Victor and Jet Smarter in raising money to fund ambitious expansion plans
Ka-ching. Jet card membership seller Wheels Up said earlier today it had completed an equity capital raise of $117.5 million. The money comes less than four months after the company said it had received a $90 million aircraft financing facility from KKR. Wheels Up said AccorFidelity Management & Research Company and funds and accounts advised by T. Rowe Price Associates, Inc. led this current round and were joined by existing investor, NEA as well as new institutional investors. The company initially set out to raise $100 million but agreed to upsize the offering based on significant investor demand, according to a press release. Wheels Up is now valued at close to $700 million, with an enterprise value north of $1 billion, again according to the company.
Private jet activity spiked by 28% during the solar eclipse
Monday’s full solar eclipse was accompanied by a 28% spike in private aviation flight activity, according to TRAQPak, a service that tracks flying by private aircraft. According to a press release, there were 10,606 private aviation flights on August 21, 2017, compared to an average of 8,276 flights on previous Mondays during the year.
The private jet and turboprop provider says its jet card membership program is reaching a wider audience
Private aviation membership provider Wheels Up has added KKR to its roster of investors, securing $90 million in debt financing as part of its plan to grow to 75 King Air 350is. It also operates the Citation XL/XLS. CEO and Founder Kenny Dichter broke the news this morning on CNBC’s Squawk Box. He said the deal closed this past Friday. There was no information on the investment posted on either of the company’s websites. Other investors include Fidelity and T. Rowe Price. The company was launched in 2013.
Private jet companies and golf go together like hot dogs on July 4th. NetJets boasts over 35 professional golfers on its roster of players it sponsors. There is even an unofficial Twitter account @NetJetsGolfTeam.