Jet Out eliminates up front payments, expands home base zones

Jet Out co-lease customers no longer have to pay the 12-month cost up front.

Instead of a six-figure payment at the start of the 12-month lease, customers now pay in monthly installments.

At the same time, the light jet operator has expanded its home base zones.

In a third change, Jet Out has added leases offering 30 or 40 days of access.

Under the new formula, a lease giving 10 days of access is priced at $10,400 per month.

You then pay $2,300 per hour, plus a fuel surcharge of about $400 per hour.

“Everyone who looks at a private aviation program is making a capital decision,” said Joe Crivello, CEO of Jet Out.

He adds, “Some want the aircraft on their books, continuing, ‘Others want that capital working in their own business.”

Crivello says, “We built a program for each, and every owner flies the same factory-new CJ4 Gen2s with the same crews. Co-Lease is the capital-light choice.”

Executives recently told Private Jet Card Comparisons they are plotting their next fleet moves.

Extended base zones

Jet Out has bases in Miami, Milwaukee, Fort Worth, and Scottsdale.

Within a primary zone, you don’t pay repositioning from your departure airport, though repositioning applies to bringing the aircraft back to base if the company doesn’t sell that empty leg.

For example, if you flew from Naples to Charlotte, you don’t pay repositioning for the Miami-to-Naples leg.

The new extended zone includes a reduced repositioning fee.

The Upper Midwest Milwaukee zone now extends to Minneapolis, Detroit, Indianapolis, and St. Louis.

The South Florida Miami zone now reaches Tampa, Orlando, and Daytona Beach.

Las Vegas, Palm Springs, and Yuma, Arizona, are now in the extended Scottsdale area.

Oklahoma City, Austin, San Antonio, and Houston Hobby Airport see reduced repositioning charges from the Fort Worth base.

“Growing our fleet allows us to serve more customers and reach more destinations from every base,” says Chief Product Officer Gordon Cameron. “The Extended Zone puts that growth to work for our customers, giving them greater access and more value from the Jet Out network.”

Each base has a Home Zone extending up to 160 miles, depending on the region, where repositioning is included at no additional charge.

The new Extended Zone extends repositioning cost coverage to airports roughly twice as far from each base as the Home Zone reaches.

Within the Extended Zone, Jet Out covers at least half of repositioning costs, with coverage increasing the closer the airport is to base.