Jet Republic


Jet Republic was a privately held company jet company that offered private jet cards and share ownership. It is no longer operational.

Launch

Jet Republic launched in September 2008, with a press event held at Farnborough Airport, where the company announced a $1.5 billion private jet order.
The order for 110 Learjet 60XR mid-size jets from Bombardier was reported by The Guardian to be largest ever for the aircraft manufacturer, with a service aimed at entrepreneurs and high-net-worth individuals. Talking to The Guardian, Jet Republic’s founder and CEO Jonathan Breeze said, "The kind of customers we cater for will be continuing to run their businesses around Europe and could find themselves wanting to use private jets as the main airlines cut routes and services.”
However, on August 20, 2009, Bombardier announced that the contract had been terminated for the entire quantity of aircraft. No reason for the termination was made public at that time.

Services

Jet Republic's private jet club offered members two programs: share ownership and the private jet card.
The Financial Times reported that Jet Republic intended to differentiate its offering by “flying the aircraft with a flight attendant as standard, a service usually provided only on larger executive jets, and with hot meals and fresh espresso coffee. Passengers will also have in flight BlackBerry connectivity.”

Management and ownership

Jet Republic was founded by former RAF pilot Jonathan Breeze, who also held the position of chief executive officer.
Other members of Jet Republic’s management team included:
To fund this new enterprise, Jet Republic has been able to secure substantial financial backing from Euram Bank, the leading Austrian private bank, and a consortium of its clients.
Jet Republic's operational headquarters were in Lisbon, Portugal.

Non-future of the company

Irish bookmaker Paddy Power offered bets on whether Jet Republic would still be in business on 1 January 2010.
In an interview with the Financial Times, in April 2009, Breeze said that the company's first aircraft would be delivered in 2009 and the company was on target for $150 million turnover, raising to $350 million in 2010.
Jet Republic said on 20 July 2009 it would cut the price of its aircraft hire Jet Card by 14% to €99,000.