The insurance offered by Stratos Jets covers increased cost for a recovery aircraft in the case initial charter jet has a mechanical.
Mechanical recovery is now included for all on-demand charter flights sold through a Stratos Jets agency.
The charter broker launched a franchise program last year.
The protection is included by default.
However, the client can decline it at the time of booking.
Per Stratos Jets:
‘FlightGuard provides a built-in financial benefit that offsets the additional cost of securing a comparable replacement aircraft at market rates if the originally scheduled aircraft becomes mechanically unavailable before departure. This type of protection has traditionally only been available through jet card memberships that bundle recovery guarantees into higher hourly pricing. Stratos is now making this protection accessible on a per-trip basis without requiring pre-funded deposits, block hours, or long-term contracts.’
Stratos Jets CEO Joel Thomas says, “Reliability shouldn’t be reserved for members of prepaid jet card programs.”
He adds, “By including FlightGuard in every charter — while still giving clients the choice to opt out — we’re removing one of the last reasons travelers felt forced into jet cards for peace of mind.”
Thomas continues, “Mechanical disruptions remain one of the few unpredictable variables in private aviation.”
He notes, “When they occur, replacement aircraft pricing is often subject to the same-day market conditions, which can cause significant cost increases.
FlightGuard provides a defined financial benefit toward the cost of securing a replacement aircraft in the event of an AOG mechanical disruption.
It is backed by Falcon MGA Services, underwritten through Lloyd’s of London’s JetSure policy.
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