![]() According to research by Private Jet Card Comparisons, the number of subscribers entering the longer fractional ownership and leases increased from 4.9% in 2021 to 15% this year. ![]() However, as jet card companies have increased prices and added restrictions, more flyers are opting for fractional ownership. Wheels Up’s business, like Sentient, is primarily focused on memberships and fund deposits, which must be renewed annually. In 2021, Sentient represented about $400 million of the group’s revenues. They then pay a monthly management fee regardless of how much they fly, and an occupied hourly rate, plus a fuel variable, which covers the current price of jet fuel. Flexjet share customers must first dole out the money to buy their piece of an airplane, which starts at a 1/16 th slice and represents 50 flight hours per year.
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