In case you don’t read emails from your jet card company, here is our recap changes programs have been making in recent months
As private jet flying has reached record levels, capacity is being stretched. Providers are trying to line up more capacity. However, jet card rates, which in the past hadn’t changed for years at a time, have been on the rise. The midyear timing speaks to what’s happening in the market.
Last-minute cancelations can be expensive, wiping out savings you thought you had achieved. These jet cards allow you to cancel without penalty with 12 hours notice – or less
One question I ask subscribers I talk with is whether or not they are likely to make changes or cancel within 24 hours of their scheduled flight time. In these times, it’s more likely than ever you might need to switch things up.
While providers generally try to work with customers, your contract sets the cancelation terms. If you cancel inside the deadline, you can well lose your entire charter amount, so possibly tens of thousands of dollars. Losing $25,000 for a single cancelation is like adding $1,000 per hour to the effective rate of a 25-hour jet card. Do it twice, and it’s adding $2,000 per hour. You may quickly wonder if you bought the right jet card!
Gulfstream bumped Bombardier as the most used large private jet in 2020 while holding onto the top spot in super long-range private jets, according to Argus TRAQPak
Textron Aviation’s Citation Excel/XLS, Mustang, and King Air 200 were the most flown aircraft in their respective categories
Gulfstream Aerospace had the most popular large cabin and super long-range private jets in 2020, according to just-released data from Argus TRAQPak.
At the same time, Textron Aviation saw three of its business aircraft take the top spot in three of the eight categories. Its Beechcraft King Air 200 was the most flown multi-engine turboprop. The Cessna Citation Mustang was the most popular very light jet. Its Citation Excel/XLS/XLS+ won the midsize private jet category.
Naples, Florida-based Elite Jets offers a guaranteed availability jet card on its fleet of manufacturer-delivered Embraer Phenom 300s
Flyers based in Naples, Florida, looking for a local airport membership solution can now look at Elite Jets Charters, LLC. The largest tenant at Naples Municipal Airport late last year rolled out its first jet card offering.