NetJets appreciates the significance of jet cards for infrequent flyers, which is why its fractional leasing model is tailored specifically to support an entry-level user base. Jet card enthusiasts need not fret over the discontinuation of this membership model. What does the 25-hour lease program entail? Opening access to its fleet through a fractional leasing model sets the stage for a new phase of revenue growth from those with a preference for private aviation. The company reportedly wait-listed more than 2,000 jet card applications in 2021. As private aviation user rates continue to rise, NetJets is positioned to capitalize on that demand through a fractional leasing model, as opposed to the classic jet card strategy.Īlthough time will tell if customers appreciate the shift, early indications show NetJets retaining and growing its user base under the fractional leasing model. What’s the reason for this shift? NetJets can more easily sell against its fleet capacity, which is growing rapidly in the post-pandemic world. Now, the company has lowered the bar for fractional leasing to 25 hours - and done away with jet cards. The model isn’t technically new: NetJets previously offered fractional leasing at 50 hours for its more frequent flyers, with jet cards serving as an introductory offer. The shift to a fractional leasing modelĪs it says goodbye to jet cards, NetJets is opting for a fractional leasing model for its aircraft. Instead, it’s implementing a 25-hour leasing program - a change likely to launch a new trend in the private charter sector. Moving forward, it won’t offer jet cards. But NetJets, the world’s largest private fleet operator, is changing the game. They ensure members access to jets on demand and steady revenue streams for fleet operators. For years, jet cards were the industry standard for fractional flights and charters.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |