While a one-off short flight on a light jet might be had for as little as $5,000, you can also buy a new $70 million ultra-long-haul private jet. We look at the options, including full ownership, fractional shares and leases, jet cards and on-demand charter
The cost of a private jet varies widely, from owning an entire aircraft to chartering on-demand. But what are the options?
Fractional ownership and leases, as well as jet cards, have become a popular middle ground, providing convenience and consistent experience in many ways offering the best of either full ownership or on-demand charter.
However, figuring out the right solution isn’t necessarily based only on flight hours. Current U.S. tax benefits of full or fractional ownership can tilt the scale in their favor, particularly if most of your flying is for business.
The Argus and Wyvern accredited broker of jet cards and
on-demand charter released customer trends from Q1 2019
PrivateFly, which recently absorbed sister Directional Aviation broker Skyjet recently, said its customers were booking further in advance, flying in larger jets, spending more, but taking fewer people with them.
Delta Private Jets holds its one-day-only $5,000 sale for its Sky Access empty leg program today while Wholesale Jet Club and Jettly wind down their weekend promotions
PrivateFly and Magellan Jets are both offering deals if you book an on-demand charter today on Cyber Monday. In the case of PrivateFly, you can get $750 off your next private jet charter flight. You need to book by 11:59pm tonight and take-off before April 30th, 2019. Book online or call (866) 726-1222. A minimum spends of $7,500 (or equivalent currency) applies. The Offer can only be used once per booking and is not applicable on helicopter flights or additional services, such as car transfers.
Goodbye free empty legs and shared flights. JetSmarter 2.0 is a very different but potentially appealing proposition. Will there be a jet card in its future?
JetSmarter’s CEO and founder Sergey Petrossov might debate using the word evolution and certainly feels criticism, including from this reporter, has been unfair. Whether or not the appraisals have been correct is probably one of those YMMV type things. Either way, what’s clear to me is that JetSmarter today and even more so a year from now will be very different than when it took flight in 2013. Back then, you paid a membership fee and then indulged in free seats on shuttles that JetSmarter scheduled. There were also free empty legs where you got the entire plane for as many friends as it could fit. For aspiring private travelers, it was like being a kid in an all you can eat candy store.