Coronavirus Emergency Planning: Should you buy a Jet Card now?

Coronavirus private jet travel

Jet cards that offer fixed rates and guaranteed availability can be handy in a crisis

– With airlines already reducing flights, access to private aviation could be critical to both your business and family

During natural disasters, particularly before and after hurricanes, we’ve seen again and again how access to private jets can literally be a lifesaver.

However, if private jet access can be a lifeboat, like when the Titanic hit an iceberg and sunk, when everyone needs a private jet at the same time, capacity isn’t always there.

Here’s how flying private can boost your company’s profits

private jets

Using private aviation for your business can help boost efficiency, employee retention, sales and profits

Many companies that could benefit from using private jets or even turboprops eschew private flying for a myriad of reasons, which are easy to understand.

However, those reasons could be costing you growth in sales and profits. You could also be losing key employees!

First of all, there is a negative stereotype about private jet travel, mainly that it’s environmentally unfriendly.

The fact is that all aviation is only 2% of global emissions. Business aviation is just 2% of that 2% number.

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!

Private jet charters by cabin size, aircraft type, and price

private jet rental

Private jet charter broker PrivateFly has released data on charter pricing, as well as preferred cabin size and jet models

While Brexit and some of Europe’s sputtering economies may be making headlines in the business press, Directional Aviation’s PrivateFly said it enjoyed a 26% jump for flights in Europe during the third quarter of 2019, compared to last year. 

Adam Twidell, PrivateFly’s CEO said, “Demand growth was generated from new and existing PrivateFly clients, and from our extended OneSky family (and) Our market-leading pricing, including the certainty offered by our fixed-route City Pairs offer on the Nextant 400XTi and Legacy 600.”

The company also released data on charter pricing, as well as preferred cabin size, jet models, and demographics.

According to PrivateFly, the Top 10 destinations for its clients is led by London, followed by New York, Nice, Ibiza, Paris, Milan, Palma de Mallorca, Zurich, Olbia, and Cannes.

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.

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