Charter & Fractional
Jet Republic plans to take on NetJets Europe
Against a backdrop of tumbling stock markets and the most serious banking crisis in a century, Jet Republic has launched what it bills as the most direct c

Against a backdrop of tumbling stock markets and the most serious banking crisis in a century, Jet Republic has launched what it bills as the most direct challenge yet to NetJets’ dominance of the European fractional ownership market. The company has committed to buying as many as 110 Bombardier Learjet 60XRs. The first 25 of these are under firm order, with deliveries due to begin next October, at a rate of about one each month.

Jet Republic has financing from Austria’s Euram private bank and a consortium of its clients. CEO Jonathan Breeze claims that Jet Republic’s founders were turning away prospective investors when its launch capital was being finalized over the summer–his point being that, despite the worsening squeeze on credit, some still view business aviation as an attractive investment opportunity.