Shares in U.K. traded Air Partner were suspended yesterday as it continues to work through accounting woes it says are not related to current trading
Note: Air Partner has provided a statement to Private Jet Card Comparisons at the end of this article.
Air Partner, which sells jet cards and on-demand charter, said it had agreed to suspend trading in its shares yesterday, according to multiple reports from the U.K. A report in The Telegraph, said Air Partner and its board had agreed with auditor Deloitte it would now not be able to publish its annual accounts until June 11 at the latest and requested the shares be suspended until then. Air Partner chairman Peter Saunders, commented the delay was “extremely frustrating and hugely disappointing,” continuing, “It is a reflection of the volume of work, which began seven weeks ago, to conclude a transparent, thorough, and exhaustive internal review and audit.”
There’s a lot to like about Air Partner’s jet card program, but don’t tell your friends
Jet cards are in a bull market for several reasons in our opinion. They are the easy way to charter. Once you find the right card program (which is what we help you do) getting airborne is literally one call away. In many ways, jet cards are really the Uber of private aviation. You already know all the various policies – what’s included, what’s not. You know the standards for sourcing aircraft and the minimum requirements for the pilots who will fly you. Jet cards also don’t require the three to five-year commitment that fractional ownership entails, and once you figured out which program is a fit, it’s a relatively easy transaction compared to the consultants and multiple contracts buying a share entails. That’s why many jet card providers rightfully have lofty goals for growth. Air Partner is not one of them.
If you aren’t sure you will need 25 hours over the next two years these programs, which start at five hours and $15,000, are an alternative to on-demand private jet charter
Jet cards are the hot spot of private aviation bridging the gap between on-demand charter and fractional or full aircraft ownership. Jet cards make flying easy with one call or some taps on your smartphone to arrange your flight. Many programs have guaranteed availability with one-way fixed rates so you know what you will be paying ahead of the time. You also don’t have to pay for positioning flights. Lead time to make a reservation can be as little as eight hours and unlike charter, you may be able to cancel within hours of your flight with no penalty.
The diversity of jet cards has never been wider with more options and more programs from pay as you go membership to global products
When Sentient Jet pioneered the jet card in the late 1990s, the jet card was a defined and narrow niche. Sold in increments of 25 hours, the jet card was thought of specifically for folks who flew privately between 25 and 49 hours over the course of one to two years. The offerings were based on private jets alone. Wow, times have changed. Today there are over 35 providers and more than 250 programs. Private Jet Card Comparisons has identified over 65 variables that differentiate the offerings. What’s more, you can now find programs offering turboprops and even piston aircraft up to airliner size jet access.