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Monday, December 05, 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.

Aviation solutions provider Magellan Jets has brought back their popular college tours 15-Hour jet card. Aimed at busy families, the card allows parents and students to visit their top universities in one weekend, trips can be spread out to meet the families needs.

Priester Aviation, one of the largest private jet operators, is bringing back its Centerline Jet Card. Priester says this 25 hour, guaranteed availability product is for customers who fly frequently and expect concierge-level service.

Vista Global Holding (Vista), one of the world’s leading private aviation groups, has acquired private jet operator Jet Edge. This is Vista's seventh acquisition since 2018, and increases its global fleet to over 350 owned and managed aircraft.

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.

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.

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.

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.