Jet cards are the Uber of private jet travel, however, programs vary in which fees they include and which are extra.
Kirby Smart has a new seven-year $49 million contract to continue as head football coach at the University of Georgia which is happy after he led the Bulldogs to the NCAA title game in January. Their last championship was 1980 so fans and administrators are obviously delighted they are once again at the doorstep of glory.
Smart’s jet card is reportedly for 25 hours on a Light Jet classified as additional compensation. It’s not unusual for companies to offer jet cards to senior executives for personal use. It makes sense because it provides a clean break between corporate use of jets, fractional shares and jet cards and personal use. In fact, Flexjet tells us corporate fractional share customers are a core customer segment for their jet card programs.
Beyond tax consequences, the gift of a jet card is certainly a great perk, but if you are negotiating one as part of your employment agreement, make sure you know what is included and what you will end up paying for as additional charges and fees.
While getting a jet card as part of your employment deal is definitely a good thing, you may want to check to join Private Jet Card Comparisons subscribers and know the details of the jet card offerings to match them against your travel plans.