Fractional – Business Aviation News https://businessaviationnews.com Tue, 29 Oct 2019 15:23:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.3 https://i0.wp.com/businessaviationnews.com/wp-content/uploads/2018/02/bizicon.png?fit=32%2C32&ssl=1 Fractional – Business Aviation News https://businessaviationnews.com 32 32 142066361 Embraer signs USD 1.4 billion business jet deal with Flexjet https://businessaviationnews.com/embraer-signs-usd-1-4-billion-business-jet-deal-with-flexjet/ Mon, 21 Oct 2019 15:21:03 +0000 http://businessaviationnews.com/?p=528 Las Vegas, Nevada, October 21, 2019 – Embraer announced today a purchase agreement with Flexjet, a global leader in private jet travel. The deal comprises a fleet of Embraer business jets, which includes the recently certified Praetor jets and the Phenom 300. The announcement was made during a press conference at the 2019 National Business Aviation Association’s Business Aviation Convention and Exhibition (NBAA-BACE), which is being held through October 24, in Las Vegas, Nevada.

Valued at up to USD 1.4 billion, at current list prices, this deal was included in the 2019 second quarter backlog, with deliveries starting in the fourth quarter of 2019. With this purchase agreement, Flexjet becomes Embraer’s Praetor Fleet Launch Customer.

“We are very grateful for Flexjet’s renewed commitment to Embraer through this new agreement, which reflects the growth and the strength of our partnership over the past 16 years and symbolizes our ongoing support for their journey ahead,” said Michael Amalfitano, President & CEO, Embraer Executive Jets. “Flexjet Owners will appreciate and enjoy a truly elevated customer experience in industry-leading aircraft, including the recently certified Praetor jets, which are different by design and disruptive by choice.”

The partnership between Embraer and Flexjet dates back to 2003, when Flight Options, which merged with Flexjet in 2015, became the first fractional ownership program to introduce the Legacy Executive jet into its fleet. Offering customers a large cabin experience at super-midsize economics allowed Flight Options to serve more customers even better than before, while also supporting the company’s growth via Embraer’s high utilization, reliable aircraft design.

“We are proud to introduce the Praetor jets to the fractional marketplace and make technologically advanced midsize and super-midsize aircraft available to Flexjet Owners,” said Michael Silvestro, Flexjet CEO. “This order also represents the longstanding trust we have in Embraer and in their enhanced commitment to support the growth of our programs and of our partnership with industry-leading business jets.”

Flight Options introduced the Phenom 300 into its fractional program in 2010, receiving Embraer’s 100th milestone Phenom 300 in 2012, the first year in which the aircraft became the best-selling light jet. For the seventh consecutive year, the Phenom 300 has been the most delivered light business jet, according to GAMA (General Aviation Manufacturers Association). Also according to GAMA data, the Phenom 300 was the only business jet to reach the mark of 500 deliveries in the last decade.

Flexjet became the first fractional provider to offer the Legacy 500, in September 2015. In fact, Flexjet took delivery of Embraer’s 1,000th executive jet, a Legacy 500, in April 2016. The Legacy 450 joined the Legacy 500 in Flexjet’s Red Label fleet in August of that year, and both models became the first fly-by-wire Flexjet aircraft, offering performance and capabilities of larger aircraft with midsize economics.

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GULFSTREAM ANNOUNCES FIRST NORTH AMERICAN G700 FLEET CUSTOMER https://businessaviationnews.com/gulfstream-announces-first-north-american-g700-fleet-customer/ Mon, 21 Oct 2019 14:25:20 +0000 http://businessaviationnews.com/?p=494 Gulfstream Announces First North American G700  Fleet Customer

SAVANNAH, Georgia, October 21, 2019 — Gulfstream Aerospace Corp. today announced Flexjet as its first North American fleet customer for the new industry flagship, the all-new Gulfstream G700TM. The announcement was made during the unveiling of the G700, the most spacious aircraft in the industry with the longest range at the fastest speed.

“Flexjet’s customers have become accustomed to the unparalleled Gulfstream cabin experience,” said Mark Burns, president, Gulfstream. “The G700 perfectly complements their existing Gulfstream fleet and combines the best of what we do – performance, innovation and comfort – with the largest cabin in the industry and the most advanced technology.”

The G700 will join Flexjet’s growing fleet of Gulfstream aircraft, including the Gulfstream G650ERTM, Gulfstream G500TM and Gulfstream G450TM.

“The Gulfstream G700, with its speed, range and versatility, will make an exceptional fractional offering,” said Flexjet Chairman Kenn Ricci. “We anticipate that it will be ideally suited for those companies that need occasional access to global markets and will be the pinnacle of our Red Label offering. It will be the fifth large-cabin aircraft type in the fleet as we continue our international expansion.”

The G700 introduces several advanced technologies to set a new standard in cabin comfort and design. Along with the tallest, widest and longest cabin in the industry, the G700 offers up to five living areas; an ultragalley that includes more than 10 feet of counter space, an extra-large refrigerator and a lounge or crew compartment; a six-place dining or conference table; and a master bedroom with an optional en suite bath with a shower and wardrobe closet. Myriad styling choices for all-new seat designs are also possible on the G700 as well as a three-place sofa certified for takeoff and landing.

The G700 cabin comfort is enhanced with 20 panoramic windows and an environment that combines 100 percent fresh air, the industry’s lowest cabin altitude and whisper-quiet sound levels. The G700 also introduces an all-new, Gulfstream-created lighting system that is the only true circadian system in the industry and can mimic sunrise and sunset to help passengers acclimate across continents and time zones.

The G700 can fly 7,500 nautical miles/13,890 kilometers at Mach 0.85 or 6,400 nm/11,853 km at Mach 0.90. It features the Gulfstream Symmetry Flight DeckTM with active control sidesticks and the most extensive use of touch-screen technology in the industry.

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Executive AirShare bumps pilot pay to curb attrition https://businessaviationnews.com/executive-airshare-bumps-pilot-pay-to-curb-attrition/ Sat, 03 Mar 2018 13:28:38 +0000 http://businessaviationnews.com/?p=385 Mitchel said attracting new and retaining current pilots is important for the company in the background of a broader pilot shortage. Although Executive AirShare doesn’t compete with major airlines for pilots, it does with other corporate aircraft operators as well as regional airlines.

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PlaneSense Celebrates Arrival of the First Pilatus PC-24 https://businessaviationnews.com/planesense-celebrates-arrival-of-the-first-pilatus-pc-24/ Fri, 09 Feb 2018 05:19:35 +0000 http://businessaviationnews.com/?p=237 “We are very, very proud that PlaneSense is the first client (for the PC-24),” Bucher said. “We now hand her over into your capable hands.” – Pilatus CEO Markus Bucher

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Private Jet Card Comparisons Releases 2018 Analysis https://businessaviationnews.com/private-jet-card-comparisons-releases-2018-analysis/ Tue, 30 Jan 2018 14:09:50 +0000 http://businessaviationnews.com/?p=190

Private Jet Card Comparisons, the only independent buyer’s guide to private jet membership card programs, announces the release of its 2018 analysis, which has been expanded to include more than 250 programs for private fliers to choose from. Recently referred to as “a modern-day online Kelley Blue Book for private jet cards,” by Barron’s, Private Jet Card Comparisons’ 2018 analysis now offers more than 65 different variables that are important for consumers to consider when looking for the jet card program that best fits their unique flying needs

New variables added for 2018 include extra charges for de-icing, which can amount to thousands of dollars per occurrence, extra charges for diversions, availability of in-flight phone service and emergency medical services offered. The comprehensive analysis once again compares hourly rate, program denominations, types of aircraft offered, sourcing standards for planes and flight crew, in addition to charges for minimum flight time, taxi time, number peak days and peak day surcharges, lead time to reserve and cancel both domestic and international flights as well as peak period variances, extra fees for fuel, catering, CPI escalators and whether or not the 7.5% Federal Excise Tax (FET) is included in quoted rates.

Other important variables compared include each providers’ policy for upgrading or downgrading size of aircraft, Wi-Fi availability, pets, as well as the minimum age for sending unaccompanied minors. The report also details if enclosed lavatories are guaranteed on Light Jets, as some small planes only have a curtain or no toilet at all. Additionally, subscribers get detailed information on service recovery, lifestyle and luxury partnership perks, the type of catering included, the ability to select their FBO of choice, interchange fees, lists of Peak Days by program to help in trip planning, and of course critical features such as Guaranteed Availability and Guaranteed One-Way Hourly Rates. Discounts for roundtrip travel, which can be as high as 40% are detailed, as well as availability of escrow accounts for transferred funds and corporate overviews, including ownership and CEO information.

“While business aviation has had a difficult recovery since the Great Recession, the number of companies selling jet cards has more than doubled,” said Doug Gollan, founder and editor-in-chief of Private Jet Card Comparisons. “Jet cards are the hot spot of private aviation because they provide users with the closest experience to full or fractional ownership at a much lower expense and without the long-term commitment. Jet cards also provide consumers with a more convenient alternative to on-demand charter, which can be time-consuming when reviewing aircraft and pilot sourcing standards, pricing, extra fees, small letter terms and transferring money for each trip.”

Jet cards are often compared to debit cards in that many programs are prepaid, requiring consumers to deposit an amount of money, usually between $50,000 and $1,000,000, and as they fly, the funds are deducted from their account. Getting in the air can be as simple as reserving an Uber with a tap of a smartphone application.

As the commercial airline and airport experience continues to deteriorate and the economy continues to surge, the estimated market for jet cards in the U.S. alone is up to two million affluent households and businesses. Private Jet Card Comparisons provides subscribers the ability to download its spreadsheets for personal use, enabling users to quickly identify the programs that best fit their needs and manipulate the data to focus on the variables that are important to them. “By putting all of this information into spreadsheets, we save subscribers dozens of hours of research, help them identify the programs that best fit their needs and make them educated buyers,” continued Gollan.

Private Jet Card Comparisons does not sell or market subscriber data, providing users’ privacy from being contacted by third parties. The price of a subscription to Private Jet Card Comparisons’ 2018 analysis edition remains at $250 and can be purchased at https://privatejetcardcomparisons.com/payment-details/.

About Private Jet Card Comparisons

Private Jet Card Comparisons compares over 250 jet card programs from more than 30 providers across 65+ variables in easy-to-use spreadsheets saving hours of research and thousands of dollars from choosing the wrong program. Companies compared include: Air Partner, Airstream Jets, Clay Lacy Aviation, Concord Private Jet, Delta Private Jets, Executive AirShare, EcoJets, ExpertJet, Flexjet, Jet Aviation, Jet Linx Aviation, JetSet Group, JetSuite, Jet The World, Luxury Aircraft Solutions, Magellan Jets, NetJets (Marquis Jet), Nicholas Air, Paramount Business Jets, Private Jet Services PJS Group, PrivateFly, Prive Jets, Sentient Jet, ProspAir, Silverhawk Aviation, Solairus Aviation, Star Jets International, StraightLine Private Air, Tee Bee Jets, Velocity Jets, VistaJet, Wheels Up, Wholesale Jet Club, XOJET and more.

Media Contacts:

Harley Landsberg
Harley.landsberg@evins.com

Andi Picker
Andi.picker@evins.com

SOURCE Private Jet Card Comparisons

Related Links

https://privatejetcardcomparisons.com

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