Once you join, you can reserve flights on either the King The company is currently eyeing an expansion into Western Europe and other overseas markets. NetJets’ fractional ownership has a minimum term of 36 months, while its Marquis Jet Cards are good for 18-months. exterior branding. Gulfstream G550—up to 14 passengers; 226 cubic feet baggage capacity; 11,975 km range. NetJets has achieved IS-BAO Stage 3, Argus Platinum and Wyvern Wingman, a trifecta of the highest ranking of third-party rating agencies. A descendant of the Gulfstream V, this is an ultra-long-range business jet. NetJets’ fractional ownership has a minimum term of 36 months, while its Marquis Jet Cards are good for 18-months. After selling This gives you access to side by side, detailed comparisons of the key features for the leading fractional providers, and jet card and membership companies in North America. Compared: NetJets Cost, Wheels Up Cost, & SimpleCharters Cost in 2019. Cessna Citation X—up to 8 passengers; 72 cubic feet baggage capacity; 5,476 km range. The It’s important to note that a 25% premium is assessed for hours on peak days, unlike with the Marquis card, where you’re charged for actual flight time only. NetJets Sees Increasing Flight Activity. https://www.departures.com/travel/top-private-jet-companies-to-know Wheels Up does not operate aircraft; U.S. FAA-licensed and DOT-registered air carriers participating in the program, including certain carriers affiliated with Wheels Up through common ownership, exercise full operational control of all flights offered by or arranged through Wheels Up. Elite pricing includes FET and fuel. Wheels Up was founded by Kenny Dichter who also launched This means they can regulate safety standards and maintain quality configurations throughout the fleet, including making sure every aircraft is fitted with updated equipment and technology. Latitude and Sovereign, and in the super midsize is the Citation X, Longitude Wheels Up owns its proprietary fleet though it is not an AOC and dry leases its fleet to the actual operator/AOC-holder Gama Charters. Sister company Executive Jet Management is one of the largest management companies in business aviation, managing aircraft for UHNW individuals and companies. The Marquis plan is the least intense of all the NetJets plans. NetJets – Yes. Quick Compare Flight Pricing enables you to compare actual all-in flight costs in seconds, I am Founder and Editor of Private Jet Card Comparisons, the only independent buyer's guide to jet card membership programs, and DG Amazing Experiences, a weekly luxury travel e-newsletter for private jet owners. and Challenger 350. Wheels Up doesn’t operate its fleet, but it has contract flying to toGama Aviation, which holds the same top rankings as Net Jets. A 2019 study from the latter projects a market of over $150 billion in new and pre-owned aircraft transactions through 2023. NetJets and Wheels Up both offer a range of compelling options for luxury personal and business travel. Wheels Up I don't have experience with but the price you're paying for a king air can get you an actual jet through a smaller charter operator. guaranteed availability. Known for its transpacific performance, this speedy jet has long range. Cessna Citation Sovereign—up to 8 passengers; 100 cubic feet baggage capacity; 5,219 km range. Wheels Up’s specialty program, Wheels Down, connects members to exclusive events and experiences, a luxury concierge service, and additional benefits that it says are valued at up $25,000. NetJets fractionally owned fleet is estimated at around 600 aircraft not including Executive Jet Management which adds about 150 more aircraft. The NetJets Lease is like the Share plan, except that there is no acquisition fee. Details on NetJets, Flexjet, Sentient, Wheels Up, Airshare, Air Partner, Magellan Jets, XO and more. You can deposit money to reduce the number of peak Bombardier Global 6000—up to 13 passengers; 195 cubic feet baggage capacity; 11,632 km range. light jet card. There is also an ... NetJets pilots are among the most experienced and best trained in the world. fleet, there is no fixed hourly rate. This twin-turboprop aircraft, part of a line that’s been in continuous production since 1974, is built for short to medium distances. technically is a midsize aircraft. Dassault Falcon 2000/2000EX—up to 10 passengers; 134 cubic feet baggage capacity; 5,429 km range. While it’s building up its Citation X While there might not be much in common between NetJets and Wheels Up when it comes to ownership structure, fleet type or what they sell, safety is one area where both companies have a lot in common. Core Membership regular price for individuals is $17,500 annually and … Wheels Up operates on a pay-as-you-fly model with no minimum hourly commitment. It sells jet cards in 25 and 50 hour increments on aircraft types where it has excess capacity, which means the jet card selection changes from time to time. Compare over 250 jet card programs by 65 variables in 1 place here. At just four years old, Wheels Up has homed in on reducing the up-front costs of private flying and offering a value-added experience. With a cabin height of six feet and the largest cabin cross-section in the NetJets midsize jet class, the Citation Latitude is a true game changer. He also embraced turboprops in the form of the King Marquis Jet Excel/XLS program. Nicknamed the “spacious conference room in the sky,” the Hawker is known for its comfortable cabin and speed. Wheels Up sells memberships, with its core membership being Since its inception, it has grown from a fleet of ten Learjet 23 aircraft to 10 types of planes and nearly 700 aircraft worldwide—the world’s largest private jet fleet. After poring over 22 years’ worth of pilot logbooks, he crafted an innovative new model of fractional aircraft ownership. Enter your email address to receive notifications of new posts by email. Card program members can also expect extra fees for international travel, ground transportation, and other miscellaneous charges. SherpaReport LLC, Chartering a Private Plane? Another great choice for intercontinental flights. Both Wheels Up and NetJets own their fleet. I highly recommend this service.”. Yet at the end of the day, each is really targeting a somewhat different customer. expands the market for private aviation by offering the NetJets product don’t include fuel surcharges and the 7.5% Federal Excise Tax in quoted rates Considered a world-class large-cabin jet, the Challenger 650 provides optimal comfort and mobility during coast-to-coast and even intercontinental flights. The Elite cards also Wheels Up doesn’t operate its fleet, but it has contract flying to to Gama Aviation, which holds the same top rankings as Net Jets. I am also a contributor to Forbes.com. the Dassault Falcon 2000, Gulfstream G450, Challenger 650 and the Bombardier Here we break down the differences between venerable NetJets and newcomer Wheels Up. Light CabinKnown for their speed and ability to land on the shortest runways and at the smallest, most remote airports, NetJets’ Light Cabin aircraft are available with as little as four hours’ notice. Air 350i ($4,695 per hour, not including FET) or Citation Excel/XLS ($7,695 per NetJets was renamed in 1984 and acquired by Warren Buffet, a NetJets share owner, in 1998, who added it to the Berkshire Hathaway umbrella. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Pinterest (Opens in new window), Click to email this to a friend (Opens in new window), Vista Global says consolidation, longer flights and lifestyle services will highlight private jet travel in 2019, The Pilatus PC-12 was 2018’s most used “private jet”, Frequently Asked Questions about Jet Cards, Private Jet Charter: How to rent a private jet, Private Jet Fractional Ownership and Leases – A Complete Guide, The Ultimate Restaurant Guide for Private Jet Travelers, Lowest Private Jet Charter costs compared for the most popular routes, Private Jet Industry Breaking News and Analysis, https://www.youtube.com/watch?v=q7m8KVydy0I, NetJets’ earnings fall on a 27% decline in flight hours, Florida private jet flights surge, Texas drops, New private jet deliveries fall 20% in 2020, lowest since 2004, GrandView Aviation to launch Washington D.C. to New York City, Baltimore helicopter service, Air Partner flies COVID-19 relief charters to 173% profit gain, NetJets U.S. Both have very friendly programs when it comes to short-haul flights, with 60-minute daily and segment minimums. This nimble aircraft is reputed to reduce cross-country travel by up to 35 minutes. Wheels Up's SPAC reveals revenue, profitability, membership, fleet size and more, Wheels Up, Jet Linx, and XO: Comparing the private jet sharing options, XO (combination of XOJET and Jet Smarter). King Air 350i—up to 8 passengers; 71 cubic feet baggage capacity; 3,345 km range. Air 350i branding it as the Jeep of private aviation. Midsize CabinNetJets’ midsize-cabin aircraft offer additional space for work and comfort, and are capable of flying longer distances. There’s a one-time acquisition cost, plus a monthly management fee and an occupied hourly fee for fuel, maintenance, catering, and landing. to NetJets, Dichter came back onto the seen in 2013 with Wheels Up. Private Jet Program Comparison Book Private Jets In 3 Clicks. Each month there are over 50,000 unique online searches for both NetJets and Wheels Up. Wheels Up. With Wheels Up, members know what they’re getting each and every time. Private Jet Lease. Offered at $17,500.00 for an annual Core membership, the purchaser is awarded a bonus $3,500 Costco Cash Card E-Voucher, and a $4,000 flight credit. Gulfstream IV-SP/G450—up to 13 passengers; 169 cubic feet baggage capacity; 7,242 km range. Over 5,000 airports. Bombardier Challenger 650—up to 11 passengers; 115 cubic feet baggage capacity; 6,833 km range. NetJets, which boasts the world’s largest fleet of privately owned aircrafts, offers a variety of memberships, starting at $200,000. Flying on a private jet is an uncommon experience for the average traveler. The type of ownership, membership or card program you choose will depend on a variety of factors including how often you need to fly, how many amenities you prefer to have, how much notice you’re able to give, and which aircraft type is most suitable. Wheels Up members can book short- and medium-range private planes from the company fleet at an all-inclusive hourly rate using a mobile application. Wheels Up – No. The Wheels Up fleet. Wheels Up is privately held and in October 2017 raised $117 million in equity led by Fidelity Management & Research Company and funds and accounts advised by T. Rowe Price Associates, Inc. Designed for premium comfort, this large-cabin aircraft is a popular choice for transatlantic trips. You can buys Wheels Up at Costco, but should you? NetJets Inc., formerly Executive Jet Aviation, was founded in 1964 as the first private business jet charter and aircraft management company in the world. JetSmarter – No. With JetSmarter, there are more operational variables. hour, not including FET). the aircraft they offer, from configuration and interior design to even Bombardier Global 5000—up to 13 passengers; 195 cubic feet baggage capacity; 10,452 km range. To get detailed comparisons of the leading fractional and jet card providers, plus listings of hundreds of charter operators, subscribe to SherpaReport Membership here, and become a smarter more informed buyer. While programs differ in cost structure, typically you can expect to pay per hour at a rate often up to ~2x more expensive than the open market. Wheels Up introduced the pay-as-you-go jet card. The company has a fleet of King Air 350i twin turboprops ($3,950 per hour) and Citation Excel/XLS light jets ($6,950 per hour) that are operated by Gama Aviation. Bombardier Challenger 350—up to 9 passengers; 106 cubic feet baggage capacity; 6,047 km range. A commonality of NetJets and Wheels Up is the consistency of Today, Wheels Up is still one of the hottest topics in town but the number of press stories has slowed and the focus has instead become operational. After the minimum term, NetJets offers a guaranteed buy-back option if you opt out of the program. Both Wheels Up and NetJets own their fleet, which means your plane will always be fitted out in a standard configuration, with the latest equipment and technology. renew) and for corporations $29,500 ($14,500). Its CEO Adam Johnson said the company has taken delivery of 230 new jets in the past four years and recently said it intends to order up to 325 Cessna Longitude and Hemisphere private jets. The company was created by businessmen Bill Allard and Kenny Dichter, the “Kevin Bacon of entrepreneurship,” and offers a mobile app that allows members to manage their accounts, book flights, look for ride-share opportunities and private shuttle flights at a reduced cost, and find discounted one-way fare on empty-leg flights. It made the process of choosing a provider much easier. Those routings are on the long side for the King Air and unless you need the space, can be handled more efficiently on true light jets as opposed to the Excel/XLS. days where availability isn’t guaranteed. Doug Gollan’s Private Jet Card Comparisons site allowed me to efficiently focus on the key issues that were important to me and my family. The minimum commitment to buy a share or lease is Wheels Up gives members access—with guaranteed availability 300 days a year for individuals and 315 days a year for businesses—to its entire fleet with as little as 24-hour notice. Wheels Up in December said it is getting ready to introduce a light jet program off-fleet that will be rolled out in early 2019. Warren Buffett’s Berkshire Hathaway acquired NetJets in 1998. One of NetJets’ most requested aircraft, thanks to its comfortable interior. A NetJets fractional membership gives you undivided interest in a chosen aircraft. As he did with Marquis and the NetJets Elite card which is inclusive of each. How do these options compare? You can buy Wheels Up at Costco, but should you? FET is excluded from the overall price, and flights are subject to a fuel surcharge. Post was not sent - check your email addresses! Members pay a fixed hourly rate only for occupied flights: $4,295 on the King Air and $7,495 on the Citation Exel/XLS. It followed $90 million in debt financing for aircraft by KKR. One of the longest flying ranges of all private jets. 2007 - 2021 How to Choose the Right Aircraft, The Costs to Own and Operate a Pilatus PC12, Deciding Between Fractional Ownership of an Aircraft or Leasing, subscribe to our members only comparisons, The Largest Fractional Aircraft Operators in 2020, Wheels Up Buys Private Jet Operator Mountain Aviation. Its Gulfstream GIV card is one of the few ferry free jet card solutions. You can actually buy a Overall become a smarter buyer. Via Wheels Up, which flies turboprops and jets, Westchester County, New York-based Cott visits clients from Boston to the Carolinas. That being said, I've heard Wheels Up plans on integrating TMC jets and Delta Private Jets, which do jet charter as well, so feel free to … Exclusive: Private Jet Quick Compare Flight Pricing, Let us do the work for you with VIP Jet Card Decider, Things to Consider Before Buying a Private Jet Card, “This was my first time purchasing a private jet card and the potential options were somewhat overwhelming. Current fleet includes the Embraer Phenom 300 and the Learn how Private Jet Card Comparisons can help you find the right private aviation solutions for your needs here. One such club is New York City-based Wheels Up, whose CEO and cofounder, Kenny Dichter, also launched Marquis Jet Card (now owned by NetJets). Jumping Team looking for a return to glory days, GlobeAir forecasts 20% increase in private jet charters for 2021, HondaJet operator Jet It enters Canada with Skyservice partnership, Middle East top of Wheels Up’s expansion plans, Clay Lacy signs as 4AIR official carbon offset partner, Private Jet 101:  Our free guide for first-timers, Everything you need to know before you charter a private jet, Fractional Ownership and Leases – An in-depth analysis of the pros and cons, NetJets' earnings fall on a 27% decline in flight hours. starting price for a jet card from NetJets is $209,000 for 25 hours in the Online Private Jet Flight Calculator – Find out how long your flight will take, including jets and turboprops, including seasonal and live winds. membership through Costco, part of Dichter’s drive to democratize private jet If you are actively comparing NetJets and Wheels Up, or looking at other leading providers, then subscribe to our members only comparisons. Dichter has said the company will offer new memberships at lower price points designed to attract more users to private aviation. Outlier Jet vs Sentient Jet vs Wheels UP vs Delta Private Jets vs Flexjet vs NetJets Below, please find the updated 2020 pricing and feature comparison for the leading national jet card programs. Gama Aviation operates nearly 100 planes for Wheels Up, while NetJets operates more than 700 private jets. Offers the amenities of a midsize-cabin jet with the ability to fly into and out of smaller airports. When it comes to large cabin private jets, NetJets offers Cessna Citation Excel/XLS—up to 7 passengers; 79 cubic feet baggage capacity; 3,441 km range. Wheels Up has an annual renewable membership. figure deposit, you paid an initiation and membership fee and then paid for Minimum booking notice is 24 hours, and there are 45 peak days per year, also with 120-hour minimum booking notice. Most of all, it’s interesting that both companies are the most searched among the plethora of companies that sell consumer private aviation solutions in that they are really quite different, Wheels Up appealing in large part to that customer who is open to flying turboprops, making under 500-mile flights. The Wheels Up fleet is more streamlined, featuring just two types of aircraft: For NetJets fractional owners, 4 to 6 hours’ notice is required, and there are 15 peak period days (with 48 hours’ notice required during peak periods). Once launched, the Wheels Up team kept busy and a continuous steam of press releases and news stories was flowing and the company seemed to move forward at lightning speed. each flight on a trip by trip basis, yet still were able to get fixed rates and All three, however, are racing to dethrone the far-and-away largest player in the field: NetJets, a unit of Berkshire Hathaway. We've put together a comparison table with published hourly rates to illustrate the difference; travel. packaged in 25 hours cards. Private Jet Card Comparisons - Know Before You Buy, Compare over 250 private jet card membership programs by 65 variables in 1 place. Cessna Citation Latitude—up to 7 passengers; 100 cubic feet baggage capacity; 4,937 km range. While there might not be much in common between NetJets and Wheels Up when it comes to ownership structure, fleet type or what they sell, safety is one area where both companies have a lot in common. Renowned for being one of our best-selling private jets, this midsize favorite has a generous amount of cabin space easily lending itself to multiple onboard amenities. NetJets, founded by three retired military pilots in 1964 as Executive Jet Aviation, is the granddaddy of fractional ownership and private jets. For all three NetJets programs, downgrades are guaranteed, and upgrades are subject to availability, within 24 hours of making a request. The Wheels Up membership guide provides details about each type of plane, including the number of passengers it can accomodate, luggage capacity, maximum range and some sample routes. This midsize jet measures 6 feet in cabin height and has the largest cross-section in NetJets’ midsize class. NetJets, founded by three retired military pilots in 1964 as Executive Jet Aviation, is the granddaddy of fractional ownership and private jets. Wheels Up also provides access to vetted third party operators through its Charter Marketplace. have longer lead time for reservations and more peak days. At the time Wheels Up said its valuation was $700 Million with enterprise value over $1 billion. SMALL JET FLEXIBILITY WITH MIDSIZE CABIN REFINEMENTS It’s among the best-selling private jets of all time, and for good reason. For Marquis Jet Cards, 10 hours’ notice is required for booking, and there are 30 to 45 peak days (with 120 hours’ notice required during peak). Sorry, your blog cannot share posts by email. For Wheels Up’s Individual and Family Membership, today’s initiation fee is $17,500 with $8,500 in annual dues starting in your second year. Large CabinThe top choice for global flyers, these aircraft—staffed by a NetJets flight attendant—can transport up to 14 passengers for up to 14 hours. Wheels Up… Richard Santulli, a mathematician and former executive with Goldman Sachs, purchased the company in 1984. Elite Jet Cards are offered in 25-hour blocks on its two Citation light jets. Unlike NetJets, Wheels Up doesn’t operate its fleet of 75 aircraft; instead Gama Aviation is the operator of the Wheels Up King Air and Citation aircraft and provides two FAA ATP licensed pilots for every flight. History & Background. With dozens of private aircraft service and jet card companies now vying for your business, it’s challenging to choose between the many types of pricing, services, and value-added bonuses. Wheels Up owns its own fleet of aircraft, operated by Gamma Aviation. Doug was also very accessible whenever I had any follow-up questions. for individuals and familes priced at $17,500 in the first year ($8,500 to Jet Dichter painted private travel as a lifestyle which enabled you to get home NetJets doesn’t offer turboprops. This aircraft mixes business with pleasure, offering flexible conference and club seating and a comfortable large-cabin feel.