February 14, 2024
With the background of tight supply on short-notice and record demand, Airstream Jets is the latest jet card seller to increase rates and lead time to book flights.
Like other providers, the changes impact only new and renewing customers.
Airstream Jets uses a mileage-based system. It raised rates by $1 per mile on very light, light, midsize, and super-midsize jets.
Per mile, rates for flights up to 999 miles are now $16 for VLJs, $17 for light, $19 for midsize, $23 for super-midsize, while large-cabin aircraft stay at $26.
There are discounts for flights between 1,000 and 1,999 miles, 2,000 to 2,999 miles, and over 3,000 miles.
Daily minimums are now 550 miles for VLJs, 650 miles for light jets, 750 miles for midsize aircraft, 850 miles for super mids, and 950 miles for large jets.
Additionally, call-out moves to 72 hours from 48 days for non-peak flights. Peak flights go from 72 hours to seven days.
Reloads are now capped at $200,000. Initial purchase is either $25,000 or $100,000.
Like others, Airstream CEO Peter Maestrales says, “We expect we will have to increase rates again going into 2022.”
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