New European fractional ownership provider Jet Republic says it is capitalizing on the downturn in both air transport and business aviation. The company, which in September is due to take delivery of the first of up to 110 Bombardier Learjet 60XRs for which it has orders and options, said it is receiving more inquiries than it had anticipated from people who previously owned their own aircraft. At the same time, it is logging prospective sales from individuals and companies that are growing increasingly frustrated at the significant reductions in airline service across Europe.
According to new data from Jet Republic (Booth No. 150), over the past year 15 of Europe’s main carriers have canceled more than 130 scheduled airline routes. Flights in and out of cities such as London, Berlin and Barcelona have been especially badly hit, with just over 100,000 fewer seats generally available on routes to major European cities. The other cities that have seen significant reduction in airline service are Dublin, Paris, Rome, Amsterdam, Geneva, Prague and Vienna.
More In Charter & Fractional
