If you assume that all jet card programs are similar, you are making a mistake. Here are some common misperceptions.
In a decade where private jet flying has had to gradually climb back to pre-2008 recession levels and delivery of new aircraft has yet to reach those historic heights, the number of jet card providers has more than doubled. Why? Jet cards provide an experience as close as you can get to whole or fractional aircraft ownership without the same financial or long-term commitment. It’s also easier than on-demand charter where each time you are comparing aircraft served up by your broker and then having to worry about ferry fees and if you are making late plans, wiring money, particularly on holidays.
While private aviation has struggled to get back to pre-Recession levels, the number of companies selling Jet Cards has doubled
Since the Great Recession of 2008 private aviation has struggled. Flight hours dropped significantly and now just a decade later are returning to levels equal to before the financial meltdown. Orders and deliveries of new private jets still haven’t recovered, yet one area of private aviation has been growings – Jet Card Memberships.
Zetta Jet was trying to compete against NetJets and VistaJet in offering long-haul, luxury private jet charter and jet card programs
The saga of Zetta Jet looks to be over, save for Chapter 7 bankruptcy liquidation. It comes about a week after an announcement that the luxury private jet operator had secured $8.5 million in funding and ends a bumpy two-year journey that included boardroom brawls, accusations of fraud and a September visit to Chapter 11.
Jet Card Membership Programs provide users convenience when they fly privately, but finding the true hourly rate you will be paying often takes a bit of work
You ask your assistant to go to a few private jet card membership websites and check out the hourly rates. She follows your instructions and puts them in a comparison chart for you. That was easy! Then you join. You get your first invoice, and shock, the prices you are paying have nothing to do with the rates on the website. It reminds you of that $29 per day car rental that ended up costing you $79.
Private Jet Card Comparisons is the only independent buyer’s guide providing subscribers head-to-head comparisons of over 100 private jet card membership programs in easy-to-use spreadsheets. Compare hourly rates, pricing, fees and more than 65 variables
To find the right jet card program for your needs takes a bit of work. While many buyers rely on recommendations from their friends, your friends’ flying habits are probably different from yours. At the same time, you can have your assistant or finance department do some Google research. They will come back with a handful of randomly selected companies. They then have to spend time filling in request forms with providers and waiting for each jet card seller to send their information. After that, they need to take the collateral and put it into a form where you can start comparing programs which vary widely. What’s more, they will have to spend time going back to providers and asking them for information they didn’t provide.
Private Jet Card Memberships can be a good solution, but there are considerable differences beyond hourly rate
Business aviation in America is big business, impacting all 50 states and generating over a million jobs and $219 billion in economic contribution, according to the National Business Aviation Association. Private jets are time machines, enabling you to conduct business more efficiently, spend more time at your vacation destination and give you more time to spend with your family or pursuing your passions instead of sitting in airports. In-flight time also becomes more productive, networking with customers, holding internal meetings and getting work done that’s harder to do in a public space such as a commercial flight. In fact, commercial airlines such as Delta Air Lines, Emirates, Qatar Airways, Korean Air, Lufthansa, Saudia, Hainan Airlines and even JetBlue (with JetSuite) either own or have partnerships with private jet operators.
NetJets is a leading sponsor of pro golfers
Like many business owners and executives, it’s not the meetings that grind you down, it’s getting from one remote site to another. It’s one reason professional golfers often choose private jet travel between tournaments. For Formula One drivers it means traversing from places like Baku, Azerbaijan to Monza, Italy, Austin, Texas and Spielberg, Austria. In other words, many places more easily reached by private aviation. With that in mind, it probably is no surprise that NetJets is now a partner of the Mercedes-AMG Petronas Motorsport Formula One team.