March 31, 2021
JET IT FOUNDERS LAUNCH EUROPEAN OPERATION
The debut of fractional ownership program JetClub comes after the U.S. company recorded 400 percent year-over-year growth.
The founders of Jet It, a North Carolina–based fractional ownership program tied to the HA-420 HondaJet, have launched a sister brand in Europe called Jet Club. Like the U.S. operation, it allows share purchasers to use the aircraft for a certain number of days, not hours.
Vishal Hiremath, Jet Club Group’s cofounder and CEO, said fractional members in Europe will pay €2,500 per hour, which includes handling and landing fees but not positioning fees. Jet Club will operate with a Maltese air operator certificate and license in Europe, as well as a team that includes experienced HondaJet pilots.
“Launching in a pandemic is an opportunity to get businesses back to work, providing a mechanism that empowers industry to rebuild some of the economic losses caused by the pandemic,” Hiremath added. “[We’re] providing access from separate terminals, away from crowded airports, along with our advanced COVID-19 precautions and adherence to local guidelines, [and] we are confident that our solution is a good fit for Europe at this time and well into the future.”
The European launch comes after Jet It recorded 400 percent year-over-year growth in the U.S. Between the two brands, the organization operates a fleet of 11 HondaJets.