August 29, 2024
New York-based jet card broker JetSet Group today launched a fixed rate, guaranteed availability for travel between the U.S. and Europe. It follows Air Partner, which launched a similar private jet membership last month, joining VistaJet and NetJets which also serve the niche.
“With many clients in Europe or going or coming back towards the end of the summer, we figured now was a good time,” JetSet Group CEO Steve Orfali tells Private Jet Card Comparisons.
He says his company had begun putting the program together back in March, and then had put it to the side to focus on what he says has been strong growth in business. After the Air Partner launch, he says, JetSet decided to jump in as well.
The JetSet card, like Air Partner, starts at 10 hours and is priced at $145,000, or $14,500 per hour. It offers a lead time of 72 hours for guaranteed availability and like time frame to cancel without penalty.
There are no peak day surcharges, and there is a 10% roundtrip discount for trips of five days or less. Funds never expire and can be refunded less 20%. There is also a $100 per segment catering credit. Minimum flight time charged is 6.5 hours.
Aircraft include the Dassault Falcon 7X, Bombardier Global 5000 and 6000, plus the Gulfstream GV and G650.
JetSet Group offers jet cards by cabin size category and jet age starting at 25 hours on a light jet at $125,000, excluding Federal Excise Tax.
Currently, outside of fractional ownership or leases, which require a minimum of three-year commitments, there isn’t much in terms of published fixed-rate, guaranteed availability programs across the Atlantic.
Flexjet recently re-launched its Gulfstream G650 share/lease offerings basing it on 75 days of usage for a quarter share instead of the traditional 200 hours however it is only available for clients based in New York or London.
In addition to a multitude of fractional and lease offerings, NetJets sells a Gulfstream GIV jet card in denominations of 25 and 50 hours, and all customers can upgrade to large cabin transatlantic aircraft on an as-available basis at an interchange rate.
While VistaJet has made its mark with long-haul non-ownership guaranteed availability, fixed-rate solutions, its Program is generally believed to require a minimum of 50 hours, usually with a three-year commitment.
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