November 21, 2024
Customers can now buy in with as little as 25% down per a new in-house financing plan from Jetvia.
Preowned Learjet fractional Jetvia, a unit of ATI Jet, is cherry-picking several innovative options from the market.
The Texas-based operator launched a financing plan.
The new program requires a 25% down payment and a 5% interest rate based on a 36-month term.
Under the program, a 1/16th-share would require a $98,438 down payment.
The monthly financing payment would be $8.651.
“The in-house financing program aims to reduce the financial barriers to private jet ownership, empowering more customers to enjoy the luxury and convenience of private aviation,” according to the announcement.
“Our goal at Jetvia is to provide unparalleled access to private aviation through customized options for our customers,” said Lyle Byrum, CEO of Jetvia.
Jetvia also introduces a new daily rate option instead of the traditional monthly management fee.
The new pricing favors owners “who frequently undertake longer flights.”
Jetvia re-entered the fractional ownership space earlier this summer, rebranding from ATI Jet.
It also expanded its jet card offering across its fleet of Lear 60s.
The program offers a guaranteed buyback program with a 50% repurchase price.
SkyShare rolled out a financing option in May.
FlyExclusive and Volato offer no-management fee options, with FlyExclusive also using a daily access fee.
Airshare, Skyshare, and Flexjet, for its Gulfstream G650, each offer by-the-day programs.
The by-the-day programs also favor longer flights and multiple same-day segments.
Through June, ATI Jet ranked as the 22nd-largest fractional/charter operator in the U.S.
READ: Why preowned fractional ownership could be hot in 2024
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