NetJets to operate block-charter aircraft

October 2, 2007, 11:34 AM

Recently established Marquis Jet Partners of New York City has purchased shares in several NetJets’ fractional-ownership aircraft and is marketing prepaid, 25-hr block-charter times to Marquis card holders on these aircraft, which will be operated by NetJets under its Part 135 certificate. Aircraft initially in the program include the Citation X, Ultra, and Excel, the Hawker 800XP and the Falcon 2000. Block rates range from $109,000 to $255,000, which translates to hourly rates of $4,360 to $10,200, significantly more than the typical rates for block charter or on-demand charter for these class of aircraft. In addition to providing card holders with “guaranteed on-call availability” of aircraft, Marquis provides 24-hr concierge services.

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