Start-up Piaggio P.180 provider AeroVanti is increasing hourly rates by $500 and says it still plans acquisitions.
AeroVanti will increase hourly rates on January 1. At that time, hourly pricing east of the Mississippi will increase from $ 1,950 to $ 2,450. Its flights west of the Mississippi will continue to carry a $500 surcharge.
The as-available program lets members buy blocks of 50 hours before year’s end at the current price. It is also honoring the current rate for 2022 flights booked by the end of the month.
As available means, your flight confirmation is based on aircraft and operational availability when you call. Otherwise, you have to be flexible.
In the email to members, AeroVanti said it has no availability for December 9, 10, 12, 16, 17, 18, 25, 26, 30, and January 2.
Founder and CEO Patrick Britton-Harr says AeroVanti currently has seven P.180s and three Citation Vs serving 150 current members.
An initial partnership with Brazos Valley Air Charter ended in September. Britton-Harr said several operators are flying the aircraft.
While the Brazos fleet was supposed to be the initial source of inventory, Britton-Harr said the fast turboprops are now coming via buy-lease agreements.
In some cases, AeroVanti is helping members buy the aircraft. It then leases them at $25,000 per month for 48 months, covering management, operating, and maintenance expenses. After four years, it will buy the aircraft outright for the difference between the purchase price and the lease payments.
Britton-Harr says AeroVanti is leasing Piaggios from aircraft owners on the same basis. In both cases, owners get access at $1,750 per hour, plus FET.
AeroVanti is also improving response times with a new automated flight request system and plans to enhance member service in the coming months through a concierge company, Britton-Harr says.
So far, AeroVanti has received mixed reviews from Private Jet Card Comparisons subscribers.
Several complained about lack of availability and slow responses over the summer.
However, they view the start-up as a low financial risk because of its pay-as-you-go pricing. Memberships start at $1,000 per month, with a 12-month commitment required.
Britton-Harr tells Private Jet Card Comparisons that deposits are used for operations and not held in an escrow account, which isn’t unusual among jet card and membership programs. He says the company still plans to acquire a Part 135 charter operator.
After pausing new member sales to transition from Brazos, AeroVanti now wants to have 500 members by the end of January. He says a Citation V program will launch next year.
AeroVanti becomes the 37th jet card or membership provider selling fixed or capped pricing to raise hourly rates since June.
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