Jet It Founders Launch JetClub In Europe
The founders of U.S.-based fractional ownership company Jet It on March 11 announced the launch of a sister company in Europe, JetClub, with plans to begin operating this spring.
Jet It CEO Glenn Gonzales and President Vishal Hiremath lead JetClub, which will provide member-owners access to four-passenger HondaJets under a day-based model. Gonzales is a former Honda Aircraft and Gulfstream executive and U.S. Air Force Reserve lieutenant colonel. Hiremath is a former Honda Aircraft and Gulfstream executive and Rockwell Collins engineer.
Based at London Stansted Airport (STN), JetClub will operate across mainland Europe under a Maltese air operator certificate.
The new company is based on a fractional ownership model in which club members purchase a share of their jet in return for a certain number of days instead of hours. Co-owners in Europe will have use of the jet to visit multiple destinations and return home on the same day, with no limit on the hours they can use during that day.
JetClub member-owners will be able to access the Jet It fleet when they travel to the U.S. at the same owner rates and with seamless concierge service. JetIt, based in Greensboro, North Carolina, operates 10 HondaJets, with plans to increase its fleet. In January, the company announced plans to expand to Canada.
“We have designed JetClub to be easy to access, intelligent, safe, and financially savvy,” Hiremath said. “Owners pay only €2,500 ($2,984) per hour including handling and landing fees with no positioning fees.
“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,” he added. “Providing access from separate terminals, away from crowded airports along with our advanced COVID-19 precautions and adherence to local guidelines, we are confident that our solution is a good fit for Europe at this time and well into the future.”