The jet card broker is following the trend to attract new fliers by lowering the price of entry
A year after relaunching its jet card program under the Elevate brand, Boston-based Magellan Jets is doing away with the name, keeping many of the good changes, and seemingly adding more. It’s also launching two pay-as-you-go membership options.
The Chapter 7 Trustee for Zetta Jet alleges the glitzy private jet charter operator was in a constant state of financial distress from the start
The Trustee is seeking to claw back over $450 million from more than a dozen entities
If it sounds too good to be true, it might be too good to be true. While failed Zetta Jet marketed a champagne and caviar image, it apparently was charging Red Lobster prices and moved from financial crisis to crisis from its inception, despite portraying itself as being well-capitalized.
Its website at the time said the private jet charter operator offered “pure indulgence,” combining “Asian inspired service, European chic, and American can do.” It promised, “At Zetta Jet, no desire is too extravagant and no request too difficult.”
The recent JetLux indictment alleging over $2 million in credit card fraud may have been enabled by bargain hunting customers
Private jet charter brokers are often harangued for not having to disclose their mark-ups. The assertion is they are charging whatever the market will support, and savvy customers can negotiate better deals.
Several websites have launched in recent years connecting consumers directly with jet operators, ostensibly cutting out the middleman or at least the commissions. They claim to offer wholesale pricing making money via membership fees.