Elite Jets unveils shared ownership program for business, leisure travelers

Elite Jets unveils shared ownership program for business, leisure travelers

Innovative effort by Naples-based charter air service broadens access to private jets, cuts ownership costs in half

NAPLES, Fla. (November 1, 2023) – Business jet users and high-end leisure travelers flying into and out of Southwest Florida now have an affordable alternative to sole private ownership or costly fractional programs.

Elite Jets, a luxury charter air service that operates from its private terminal at Naples Airport, now offers a shared ownership program that allows private jet users to experience the freedom, flexibility and convenience of whole ownership, without the sole responsibility for expenses.

Unlike the fractional ownership model relied upon by most “jet card” companies, the Elite Jets program does not use customer revenue to support future flights. That fundamentally risky business model has led some high-profile jet card operators to recently shut down, with others facing mounting debt and fraud allegations.

“Shared ownership keeps control of decisions on aircraft management, operations, maintenance, flight scheduling and more where it belongs – in its owners’ hands,” said Peter Boyd, Elite Jets’ director of aircraft management. “At the same time, the costs of hiring a crew, hangar rentals, insurance, maintenance and more are dispersed, making private jet ownership far more attainable for both business and leisure travelers.”

Elite Jets owns four Embraer Phenom 300 jets, an Embraer Legacy 500 jet and a Bell 407 helicopter, transporting business and leisure travelers to destinations across North, Central, and South America.

The shared ownership opportunity is available both for the Elite fleet as well as private jets whose current owners are looking for partners. The in-air commitment begins at 50 hours a month.

Private jet owners who participate in the program will have access to the Elite Jets fleet should their own aircraft require maintenance. At the same time, shared aircraft will also be made available to Elite Jets’ charter passengers, providing a steady revenue stream and generating a return on investment when not directly using the aircraft.

The new program builds upon Elite Jets’ recent addition of aircraft management services, also overseen by Boyd.

“Elite Jets delivers the highest level of safety and personal service for our clients, along with the best travel experience of any private jet charter in the United States and beyond,” said Stephen Myers, CAM, executive vice president of Elite Jets. “Our specialized operations, sterling reputation with the Federal Aviation Administration and exceptional safety ratings place the business within the top 5% in the nation for private aviation companies.”

Elite Jets recently achieved “Wingman” status from the global air safety auditor WYVERN for air charter operators. To earn the Wingman designation, charter companies must undergo a comprehensive audit that includes a full review of the company’s operational history, safety records, Safety Management System (SMS), internal evaluation program, administrative compositions, technical documentation, pilot and aircraft records, training requirements and maintenance operations, including the training and experience of technicians.

In addition, Elite Jets also is a platinum-rated charter through ARGUS and maintains a Stage 2 Seal through International Standard for Business Aircraft Operations (ISBAO).

“The airline industry is a trust business,” Myers added. “As we transition from a single-entity, company-owned charter service to a hybrid business model, we are redoubling our commitment to efficiency, excellence, transparency, and most important of all, safety.”

About Elite Jets

Founded in 2016, Elite Jets is a premier, safety-focused charter aircraft service that serves destinations across the U.S. and abroad. Elite Jets’ fleet includes four Phenom 300s, one Legacy 500 and a Bell 407 helicopter. The company’s Embraer luxury jets are well-suited for business and leisure travelers while offering an eco-friendly, best-in-class carbon footprint. Elite Jets maintains an Argus Platinum Rating, a prestigious safety and quality designation earned by just 5% of charter operators nationwide. The company is also registered with the International Standard for Business Aircraft Operations (ISBAO), a set of industry-leading best practices, and the WYVERN safety data network, which displays its Safety Intelligence Report and regulatory compliance information. Elite Jets also offers aircraft management services, which include providing pilots, training, maintenance, fleet insurance, scheduling and additional services. Passengers enjoy concierge-level service from Elite Jets’ private terminal at the Naples Airport, 125 Aviation Drive South in Naples. Charter flights and empty-leg flights are available. For more information, please email peterb@elitejets.com or call 239-900-9000.