Jet It Founders Launch European Operation

The founders of Jet It, a North Carolina–based fractional ownership program tied to the HA-420 HondaJet, have launched a sister brand in Europe called Jet Club. Like the U.S. operation, it allows share purchasers to use the aircraft for a certain number of days, not hours.

Vishal Hiremath, Jet Club Group’s cofounder and CEO, said fractional members in Europe will pay €2,500 per hour, which includes handling and landing fees but not positioning fees. Jet Club will operate with a Maltese air operator certificate and license in Europe, as well as a team that includes experienced HondaJet pilots.

Related Article

What You Need to Know about Preowned Fractional Shares

They can offer great value to buyers and flexibility to sellers but beware of program fine print.

“Launching in a pandemic is an opportunity to get businesses back to work, providing a mechanism that empowers industry to rebuild some of the economic losses caused by the pandemic,” Hiremath added. “[We're] providing access from separate terminals, away from crowded airports, along with our advanced COVID-19 precautions and adherence to local guidelines, [and] we are confident that our solution is a good fit for Europe at this time and well into the future.”

The European launch comes after Jet It recorded 400 percent year-over-year growth in the U.S. Between the two brands, the organization operates a fleet of 11 HondaJets.