Fractional ownership is evolving beyond its NetJets origins, driven by younger buyers, fleet flexibility and economic pressures, as operators refine hybrid models alongside jet cards and charter.

Some operators lack enthusiasm for a change to electric power; they foresee problems with the heavy weight of current batteries and the dearth of re-charging facilities, certainly of rapid ones.

Rafael Matos, founder of Black Taxi Aereo, will become head of aviation at Flapper’s aircraft management and fractional ownership division. A GIV-SP owned by Flapper’s main shareholder will be added in Q4 2025.