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Jet Card Research

Friday, September 17, 2021

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.

The private aviation industry as a whole is seeing record levels of demand and flights numbers are well above pre-pandemic levels. In talking about its own high flight numbers NetJets says “we don’t see that changing anytime soon.”

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In a note to owners, prospects and partners NetJets says they added more than 30 new private jets to the existing 760+ aircraft in 2020. The company is investing approximately $2.5B in more than 100 new aircraft arriving by the end of 2022. It goes on to say it “is actively recruiting hundreds of highly skilled pilots and Flight Center staff to support our growing fleet.”

In addition, NetJets emphasizes that it continues “to focus on safety, then service, above all else.”

As a result of all the above, new customers for the Citation XLS and Phenom 300 light and mid-size jets are being placed on a waitlist. The company has also recently raising card prices and eliminated Peak Period Day travel on jet card purchases.

As NetJets says these actions “allows us to continue prioritizing what is most important—delivering the best possible experience to all Owners.”

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