A new co-lease program from Jet Out offers a one-year option for its day-based light jet program.
Jet Out is launching a new offering targeting buyers who only want to commit one year.
Its new 12-month Co-Lease program is “designed to provide clients with the flexibility and convenience of aircraft ownership with shorter-term commitments and lower upfront costs.”
The program uses its new OEM Citation CJ4 Gen2 aircraft.
The introductory price is $199,000 and gives 20 travel days, including all fixed costs.
The program is not subject to Federal Excise Tax.
No peak days or blackouts exist, but the program is as available.
“Our 12-Month Co-Lease program bridges the gap between jet cards and full ownership, providing an unmatched level of flexibility and value,” says VP-Revenue Gordon Cameron.
He adds, “It’s ideal for clients seeking a more accessible way to experience private aviation, whether for personal or business use.”
Joiners can upgrade to Jet Out’s core Co-Ownership program at any time.
The Wisconsin-based operator has also launched the Jet Out Cost Calculator.
The online tool allows prospects to estimate the costs of both programs, including fixed fees and variable costs.
You can enter your mix of typical trips—one-way versus day trips—and the number of hours per year you expect to fly.
You can also estimate the percentage of repositioning flights.
The company will offer to buy back that empty leg based on the probability it can resell it.
Cameron says while it varies, the average success rate is 70%.
According to Jet Out’s online calculator, if you fly 20 hours on your 20 days, mainly one-way trips, your hourly rate is $11,010.
If you fly 60 hours, averaging three-hour flights, your one-way hourly rate will be $4,377.
In other words, like most days-based programs, the more hours you fly on your access days, the more cost-effective.
“At Jet Out, we believe transparency is key to building trust with our clients,” said COO Matt Wild.
Jet Out uses a tenant-in-common co-ownership model.
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