Jetex has announced a new memorandum of understanding with JetClub, a fractional ownership-based business aviation brand.
The MOU signing ceremony between Adel Mardini, founder & CEO of Jetex, and Vishal Hiremath, founder & CEO of JetClub, took place at Jetex VIP Terminal.
“Jetex is pleased to partner with JetClub and we see this as a natural evolution of our service offering. Within the current context, as we emerge from the health crisis and see a recovery in the global economy, I believe that the two companies are in an excellent position to continue to grow and further strengthen our lead in the global aviation market. Both JetClub and Jetex are leaders in innovation as they offer a new way for more consumers to access private aviation and enjoy its benefits. We are confident of the value Jetex can add to JetClub’s discerning fractional aircraft owners and passengers”, said Mardini.
“After successfully starting operations in Europe, we are exploring the Middle East market as our next strategic opportunity. Business and leisure travel has resumed, and private aviation is a fast, hygienic, safe, efficient option. Our agreement with Jetex allows us to explore the market, gain feedback from clients and expand our service offering, ensuring our clients have the best possible experience around the world. Our goal is to allow our clients in the United States, Europe or Asia to be able to have access to a worldwide fleet”, said Hiremath.
Fractional ownership has made private jet travel accessible to new consumers for the first time, making the business model attractive, globally. JetClub and its sister company, Jet It, now operate a fleet of 14 HondaJet aircraft, making the group the largest HondaJet operator in the world.
The HondaJet is one of the lightest, quietest, and most fuel-efficient jet in its category, burning four times less fuel than a larger aircraft. With 70% of the group’s flights being less than three hours in duration with less than four passengers, it is a more sustainable, economical, hygienic, safe and convenient way to fly.
JetClub is based upon a fractional ownership model in which club members purchase a share of the jet in return for a certain number of days and not hours, which is a unique innovation in this space. JetClub and Jetex aim to make business aviation more accessible at a lower cost with exceptional service and a relentless priority on safety and efficient operations.