Paramount Business Jets adds $1 million jet card

Jet card broker Paramount Business Jets’ newest jet card offers a fixed 10% markup on wholesale rates with a seven-figure economy

While more jet card providers have been cutting their entry-level programs, Paramount Business Jets is reaching for lofty new heights.

The Leesburg, Virginia-based private jet charter broker has launched a new jet card that requires a $1 million deposit.

Black Tier offers members wholesale pricing plus a 10% or $1,000 markup, whichever is higher.

It also caps commission at $30,000 for trips over $300,000.

The entry level is $100,000 with a 16% markup, or $1,600, on the same basis.

Its previous top level was the Platinum level, with a $500,000 deposit.

Clients may cancel the program at any time without any penalties or fees.

There is a full refund of any unused balance on the account.

“The Paramount Jet Card provides access to more than 4,000 of the safest and most luxurious private jets in the world with as little as four hours’ notice,” said Founder and CEO Richard Zaher.

He added, “The new $1 million deposit tier allows clients to enjoy all the advantages of on-demand aircraft charter on their schedule, without any delay for bank transfers or account verification.”

Funds don’t expire, and there are no joining or membership fees.

“Paramount Business Jets has been in business for 18 years, and we operate completely debt-free,” Zaher said.