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Saturday, June 25, 2022

Jet Card News

The latest news about jet cards and jet card providers. If you are comparing jet cards, jet memberships and the providers, then access the detailed comparison on the right.

The leading private jet operator NetJets has said it will not be offering jet cards in 2022. Its current focus is on its fractional jet and lease programs and continuing to offer the service levels to these owners.

Rankings of the leading fractional aircraft and charter operators, showing the largest players in each of these private aviation sectors. Both charter and fractional grew significantly in 2021, as people flocked to private aviation to avoid crowded commercial airports and flights during the pandemic.

Wheels Up, one of the largest private aviation companies is buying international aviation services group Air Partner. Both companies offer memberships or jet cards, which provide access to private aircraft at fixed hourly rates. Both are also among the few private aviation companies that are publicly listed.

Locally-focused private aviation company Jet Linx has announced the limited resumption of its Executive jet card sales. New card sales were temporarily suspended in late 2021 to ensure Jet Linx maintained guaranteed services to its jet card members nationwide during the spike in peak travel over the Thanksgiving, Christmas and New Year's holidays. Commencing January 1st, sales of new jet cards will be limited and subject to a waitlist at each Jet Linx private terminal location based upon the capacity of Jet Linx's exclusive closed fleet of private jet aircraft and the status of Membership Tier priority.

Air Partner, the global aviation services group, has introduced auto-enrolment for all its private jet and group charter clients into a Carbon Offsetting scheme. This includes all its jet card clients.

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.

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.

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 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.

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.

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.

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.