November 22, 2024
Jet AI is cutting rates on light jets and adding a turboprop option for its new national jet card program launched in May.
After launching a national jet card program last month, Jet AI has added a turboprop category option and cut hourly rates for light jets.
Executive Chairman Mike Winston tells Private Jet Card Comparisons the addition is in response to inquiries by prospects.
At the same time, it cut light jet hourly rates from $7,900 to $6,950.
At the end of Q1 2024, jet card prices were flat from the end of 2023.
Its new jet card offers guaranteed availability based on a review of customer flying.
The goal is to ensure it can serve members profitably.
Customers depositing at least $250,000 an option to escrow 75% of their funds.
Launched as Jet Token, the Las Vegas-based flight provider started flying in 2021, selling fractional shares and jet cards on the HondaJet.
It then launched a regional jet card with partner Cirrus Aviation Services, which also manages its VLJs.
Yesterday, it announced that it had secured funding to launch a Challenger 3500 fractional program.
READ: What happens to your jet card and private jet membership deposits?
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