Marquis buys fractional shares of

1 05 2009

Marquis, for instance, partnered with NetJets, unit of Berkshire Hathaway Inc. New Yorkbased Marquis says it sold its 1,000th card in Until this month, Marquis Jet Partners was the sole supplier of that service. Jetsetters, of course, have always had the option of chartering, which is less costly than the hourly deals but sometimes results in aggravation, since service levels can vary considerably among charters. back to top back to indexCOMPETITION HEATS UP IN PRIVATEJET RENTALSThe Wall Street Journal By Pete Williams and Evan Perez 23, 2003Need private jet for few hours?

jumping on that bandwagon, two big sellers of fractional shares have started hourly rental programs of their own. Even the perks vary. Delta Air Lines executivejet program, recently teamed up with the fractional unit of aircraft maker Bombardier Inc. Jetsetters, of course, have always had the option of chartering, which is less costly than the hourly deals but sometimes results in aggravation, since service levels can vary considerably among charters. Citation is joint venture of Cessna Aircraft Co.

back to top Instead, many highfliers are opting to rent time on fractionally owned jets in 25hour increments. CitationShares Holdings LLC rolled out card good for hours of travel on three types of planes. Marquis offers promotional tieins with luxury brands such as Cunard Line, Neiman Marcus and the RitzCarlton Club. Delta Air Lines executivejet program, recently teamed up with the fractional unit of aircraft maker Bombardier Inc. that sells fractional shares in aircraft. Marquis buys up those fractions, which it turns around and rents by the hour to cardholders.

Marquis offers promotional tieins with luxury brands such as Cunard Line, Neiman Marcus and the RitzCarlton Club. Until this month, Marquis Jet Partners was the sole supplier of that service. The upshot is that while its still nowhere near as simple as renting, say, Taurus, its becoming easier for VIPs or people who want to be treated like one to travel in private jet. But even that business has suffered since the economy tanked. Marquis buys up those fractions, which it turns around and rents by the hour to cardholders. that sells fractional shares in aircraft.

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