Sumary of Three Prominent Players Suspend Jet Card Sales:
- The former are owned by Berkshire Hathaway, with NetJets focused on sales of private jet fractional shares and EJM offering aircraft management, marketing those airplanes for charters when their owners aren’t flying in them.
- This temporary pause on the sale of all cards allows us to prioritize the exceptional experiences we promise to deliver,” NetJets’ president Patrick Gallagher announced in an email to customers on Monday.
- In July, it stopped sales across all of its product lines – shares, leases and cards – for the Embraer Phenom 300 and Citation XLS, popular entry-level jets.
- Gallagher wrote, “Despite taking previous actions to slow our sales process, we have continued to see the interest in NetJets accelerate.
- EJM’s decision to pull its Ascend membership program is without doubt linked to NetJets’ needs.
- Read: Comparing NetJets and Wheels Up’s divergent growth plans as demand for private jets soars Jets.