COVID-19 Coronavirus: Your Private Jet travel questions answered

Covid-19 Coronavirus private jet questions and answers

In this article, we deal with questions and answers to consider before calling a private jet broker or operator

With American, Delta, United, Southwest and other airlines cutting flights, if you can afford it, private aviation should be an important part of your emergency preparedness

Most media coverage so far has been about the increase in inquiries. Brokers are reporting huge jumps in the call volume.

Instead of duplicating this coverage, I wanted to answer questions you might have about how you can use private aviation to prepare for possible relocation or emergency business flights.

On-Demand Charter vs. Jet Cards pros and cons

private jet charter

You can charter a private jet trip by trip – On-Demand Charter – or buy into a program – Jet Cards.

Jet memberships or calling a broker or operator each time. Which is right for you?

Both jet cards and calling a broker to rent a private jet are forms of private jet charter or private jet rental as some call it.

In both cases, we are referring to the entire aircraft as opposed to jet sharing or buy-a-seat models.

However, when it comes to full aircraft charter, which is better – jet cards or on-demand charter?

Should you buy a jet card? Should you just reach out to several brokers before each trip, and then play them off against each other?

The debate would make the Hatfields and the McCoys proud!

Zetta Jet’s latest legal woes reveal a business “insolvent almost from inception”

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.”

Private Jet Charter: If the price is too good to be true, it might be

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.

Of course, if you use them, you need to be experienced enough to know what questions you should be asking the operators to ferret out the flowers from the weeds.

How much does a private jet cost?

Private Jet

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.

Follow Me
Tweet
%d bloggers like this: