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NetJets Temporarily Pauses Jet Card Sales

NetJets, Inc., a private jet company offering fractional aircraft ownership, private jet leases, and private jet card programs, said today that all requests for the NetJets Card Program will be placed on a waitlist.The company notes that the pent-up desire to travel has accelerated, causing this temporary pause in jet card sales. With an increased demand for private flying and manufacturing difficulties during the COVID-19 pandemic, the production capacity of some OEM partners has been exhausted. In 2020 alone, NetJets added more than 30 private jets to its existing fleet of 760+.The company has plans to invest approximately $2.5 billion in more than 100 aircraft set to arrive by the end of 2022. The Global 5500 will be added to the long-range jet fleet next year, as well."We are confident that this temporary pause on the sale of all cards will allow us to prioritize the exceptional experiences we promise to deliver on all flights," said Patrick Gallagher, NetJets President, Sales, Marketing and Service.Despite previously announcing a rise in jet card sales, NetJets will secure today's pricing for those joining its waitlist until jet cards sell once again. If this pause continues into 2022, those on the waitlist will be grandfathered in at the 2021 rate.At this time, it is unknown when jet card sales will be offered by NetJets again.
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