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.
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Tom Brady vs Patrick Mahomes Private Aircraft Super Bowl
The 2021 Super Bowl sees two superstars face each other who are both signed to endorse private aviation companies. Patrick Mahomes, quarterback for the Kansas City Chiefs is partnered with Airshare and Tom Brady of the Tampa Bay Buccaneers has teamed with Wheels Up.
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Wheels Up Becoming Public Company via SPAC
Private aviation firm Wheels Up is going public via a merger with special purpose acquisition company (SPAC), Aspirational Consumer Lifestyle Corp. The transaction gives Wheels Up an enterprise value of $2.1 billion. Once the transaction is completed, the company will be listed on the New York Stock Exchange under the symbol "UP".
Wheels Up Acquisition of Mountain Aviation
Wheels Up has just acquired Mountain Aviation, which has the largest and growing Part 135-operated Citation X fleet in the United States, with bases in Denver, Teterboro, and Southern California.
7.5% FET Saving on Jet Cards Ends in December
Under the CARES Act there is no 7.5% federal excise taxes (FET) on jet cards and jet charter flights purchased before Dec. 31, 2020. This means you can potentially pay for a jet card in 2020 and travel FET free in 2021 and beyond. This article includes some of the leading companies who are offering FET free jet cards for future travel.
Business Jet Traveller Jet Card and Membership Ratings
Private aviation magazine Business Jet Traveller conducts an annual reader survey that they call “Readers Choice”. In 2020 they had close to 2,000 respondents who gave their ratings on charter and jet card providers and membership clubs, with enough data to rank 11 of the largest providers.
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Fixed Hourly Rate Diamond Agreement From Qatar Executive
Qatar Executive recently introduced its exclusive Diamond Agreement, a pre-purchase, fixed-hourly rate jet card program which provides access to Qatar’s fleet of state-of-the-art long-range and ultra-long-range private jets. The large private jet operator, Qatar Executive is part of Qatar Airways serving individuals, businesses, corporations and governments. Its planes fly to more than 400 airports around the world, both in rural and urban centers. The Diamond Agreement was specifically designed to simplify private jet travel for Qatar Executive customers.
Read more: Fixed Hourly Rate Diamond Agreement From Qatar Executive