Private jet firm has republic on radar

IRELAND is being targeted by a leading private jet firm.

Lisbon-based Jet Republic, which is being launched today, said there is great demand in Ireland for private jets.

The company said it has placed the largest European business aircraft order ever, worth $1.5 billion (€1bn) for 110 Bombardier Learjet 60 XR aircraft. The company will fly to over 1,000 locations in Europe, including some in Ireland.

To fund the venture Jet Republic has secured financial backing from Austrian private bank, Euram and a consortium of its clients. A company spokesman would not comment on whether any members of the consortium are Irish.

Among the services being offered are wireless connectivity in-flight, flight attendants as standard and a 24 hour global concierge service.

“Despite the current economic climate, the private jet market is enjoying strong growth. This, coupled with the fact that we believe there is significant room for improvement in the level of service ... means there is a very strong and real opportunity for us to take a significant share of this market, Jonathan Breeze, CEO of Jet Republic said.

Customers will be offered two programmes — share ownership or the private jet card.

Share ownership is for jet owners to purchase or lease a fractional share of a Learjet 60 XR by paying for an aircraft share equal to the hours they need, starting at 50 hours a year.

The private jet card allows card members access to flight time by purchasing 25 hours or more without any further commitment.