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.
Backed by record demand and with no letup in sight, operators from NetJets to niche brokers are announcing ambitious fleet growth targets
Private jet fleet capacity has become one of the industry’s hottest issues. Demand for private aircraft, owned, via charters, jet cards, and fractional shares, continues to surge to record levels. Charter and jet card flights tracking 30% higher than 2019 pre-pandemic levels combined with owners flying their jets more is putting a strain on the system. Supply chain and labor issues impacting the greater economy are impacting the private aviation industry. It’s creating a new reality for private jet flyers.
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!
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.