Planet Nine marks first birthday with fifth jet delivery

posted on 11th July 2019 by William Hayes
Planet Nine marks first birthday with fifth jet delivery

Private jet operator Planet Nine Private Air celebrated its first anniversary in June, a month which also saw delivery of the company’s fifth private jet.

The Van Nuys, California-based operator added the Dassault Falcon 7X, in a deal which was brokered by Freestream Aviation Ltd, to its existing fleet of four other 7Xs.

“All our aircraft are less than 10 years old, and of the 2,000 or so [Part] 135 operators in North America perhaps only 10 could operate the complicated multi-leg flights we specialize in,” Planet Nine co-founder and head of business development Matt Walter told AINonline.

“And less than five have modern available aircraft that do not require owners’ approval and have multiple crews.”

In addition to their owned fleet, Plant Nine also manages a Gulfstream G650 and a Bombardier Global 5000, although their preference is the Falcon 7X.

“It is a true, 12-hour-range aircraft, and it is much more fuel efficient than its competitors,” said Walter about the 7X.

“By having just one aircraft at the core of our fleet, we can pool pilots and generate…savings on maintenance and parts.”

“We aim to own our aircraft for between two and eight years, and throughout an eight-year cycle we can fully depreciate the aircraft and expect there to be a residual value at the end.”