The luxury private jet operator is trying to move forward and emerge from bankruptcy amid allegations of fraud and corruption
Zetta Jet earlier announced today that its existing lessor, Scout Aviation II, LLC, has committed to provide up to $8.5 million in post-petition financing. The financing, subject to Bankruptcy Court approval, will enable the operator of long-distance luxury private jets to satisfy customary obligations associated with the daily operations of its business, including the timely payment for aircraft usage, fuel, post-petition goods and services, employee wages and other obligations, according to a press release.
In this Guest Column, Private Jet Card Comparisons has asked James D. Butler, CEO of Shaircraft Solutions LLC to discuss all those year-end promotions. The following was provided by Mr. Butler and is presented in its entirety.
by James D. Butler
It’s the middle of November and holiday decorations already are popping up. Private jet card providers, like many businesses, are pushing to get deals done by the end of the year. Salespersons have their eyes on quotas and bonuses. As a result, they may urge you to, “Buy now to take advantage of end of the year incentives,” while email solicitations encourage potential customers to “Beat the 2018 Price Increases.”
Private jet tours enable you to explore multiple destinations without the hassles of transiting multiple commercial airports and are significantly cheaper than chartering a jet
Four Seasons Hotels and Resorts announced three new tour by private jet itineraries set to take flight in 2019. According to a press release received by Private Jet Card Comparisons, newly added is Latin Escape, a 16-day adventure for those looking to explore Central and South America. Just over two weeks in duration, the new journey is shorter than the 24-day around-the-world journeys and takes travelers to Miami, Costa Rica, Buenos Aires, Bogotá and even includes an escape to the Galápagos Islands, all in the care of Four Seasons. Last week Abercrombie & Kent announced its 2018 round-the-world private jet trip.
To celebrate its 10th anniversary, Concord Private Jet is offering a limited number of jet cards with one free hour for its 10-hour jet card and two hour free hours for 25-hour cards. The offer comes with “ free upgraded” catering for every flight.
The moves come as XOJET has expanded its sales coverage in Florida and rolled out new and revised jet card membership programs during 2017
XOJET is expanding its lifestyle partnerships via an agreement with the iconic golf resort Pinehurst. XOJET Preferred Access and Elite Access program members receive benefits, including complimentary club rentals, room category upgrades, and a complimentary round of golf on The Cradle.
U.K.-based on-demand charter broker Victor will bring a “floating balance” prepaid program to the U.S. by early next year
Fast growing on-demand charter broker Victor said it will launch a program with a prepaid option for U.S. customers in early 2018. The U.K. company is not going to offer guaranteed availability or hourly rates so it will be more in line with what used to be described as block charter. Clive Jackson, Victor’s founder and CEO tells Private Jet Card Comparisons a similar program offered in Europe has been highly successful.
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.