Jet Cards on Pause, Hourly Rates are Up
The whole of the private aviation industry is facing record demand for flights. This demand is driving up prices and several large jet card providers are even pausing new card sales.
All Jet Card Sales on Temporary Pause at NetJets
Just a few weeks ago NetJets announced it was pausing jet card sales on its light jets. It has now extended this pause to all sales of jet cards across the whole fleet.
Wheels Up Grows Active Members to 10,500
The newly public Wheels Up (NYSE:UP) recently announced results for the second quarter, which ended June 30, 2021. The highlights show revenue increased 113% year-over-year to $285.6 million, live flight legs increased 146% year-over-year to 18,234 and active members grew 47% year-over-year to 10,515 in total.
NetJets Temporarily Stops Sales on Small Jets
NetJets says its owners are traveling more than ever and that “flight volume is at a record high.” At the same time, it has “exhausted the production capacity of some OEM partners”, so it is stopping sales of new jet cards on the Citation XLS and Phenom 300 – the smallest planes in its fleet.
Air Partner Sees 37% Increase in Jet Card Members Worldwide
Air Partner plc has reported strong growth in its JetCard product, driven by US activity. The company says bookings, members and customer deposits are up globally as travel restrictions ease.
Read more: Air Partner Sees 37% Increase in Jet Card Members Worldwide
The Largest Jet Card Companies in 2020
Jet Card holders may fly on aircraft certified under either (FAA) part 135 charter or part 91k fractional regulations. The aviation services company ARGUS released numbers for the largest part 135 charter operators and the largest fractional aircraft operators. Here’s a discussion of the largest card providers.
Are Supersonic Jet Cards in the Future?
Jet card providers NetJets and Flexjet have both expressed interest in the Aerion AS2 supersonic business jet. Flexjet placed an order for 20 of the aircraft back in 2015 and NetJets recently obtained purchase rights for 20 planes.
Sentient Sees $450m in Jet Card Sales in 2020
Sentient Jet, the inventor of jet cards, achieved 60% year over year growth and ended 2020 with $450 million in jet card sales. As with most other private aviation companies, Sentient saw a large influx of new customers who want to travel but are keen to avoid commercial aviation during the pandemic. In 2020 Sentient Jet saw 2/3 of its jet card purchases come from new clients compared to only 1/3 pre-COVID.
VistaJet Program Subscription Memberships Up 29% In 2020
During 2020, the global business aviation company VistaJet saw an increase of 29% in new subscription memberships year-on-year. This is VistaJet’s equivalent of a jet card product offering fixed hourly rates.
Read more: VistaJet Program Subscription Memberships Up 29% In 2020
