Airshare is expanding its fractional aircraft and jet card programs to all customers throughout the continental U.S. This move complements its aircraft management and charter solutions, which the company has already been providing nationally. Airshare operates a fleet of Embraer Phenom 300s and Bombardier Challenger 350/3500s.
The expansion completes the company’s strategic plan launched five years ago, with recent entry into new regions such as the U.S. Upper Midwest, Southeast, and Northeast. According to Airshare, it recently experienced a significant increase in flights traveling to the West Coast, prompting the company to re-examine future expansion plan timing. With this change, Airshare will no longer charge repositioning costs for any flights that begin or end within any of the Lower 48 states.
“We are extremely excited to be offering the Airshare fractional program to all potential customers coast-to-coast,” said Airshare CEO John Owen. “Over the last few years, we have been carefully analyzing the right time to make our fractional ownership and jet cards available nationwide…This change will only increase the flexibility our customers benefit from while flying with us, while enhancing operational efficiencies across our entire fractional fleet.”
The company doubled in size to 600 employees and 150 aircraft after its acquisition of the Wheels Up aircraft management business last September. Private equity group Kompass Kapital also made a strategic investment in Airshare two months ago.