Despite its name, Luxembourg-based Jetfly is a fractional ownership aircraft program that uses single-engine turboprops exclusively. This year it has continued
to update its Socata TBM 700s with the newest TBM 850s and increased the number of Pilatus PC-12s in its fleet. And next month–for the first time–it will take delivery of a multi-engine airplane, a Piaggio Avanti II. CEO Jean-Marc Sassetti told AIN that the company’s future will continue through “controlled growth and providing good service to its clients.”
Jacques Lemaigre Du Breuil, Jetfly’s co-founder and more visible president, was replaced as CEO in April by Sassetti, who had been more a behind-the-scenes player until then. “A majority of shareholders was in disagreement with the previous CEO regarding management policy and strategy for the company,” Sassetti said. The management team is “in a position today to confirm the good financial health of the company and its full operational capacity.” Lemaigre Du Breuil remains one of the company’s 15 equal shareholders.