Don’t believe articles that technology is lowering private jet prices. Promises of cheap private jet travel are often based on misleading press releases and a lack of knowledge
Promises of cheap private jet flights invoking Uber analogies and claiming technology breakthroughs that lower charter costs are common themes of uninformed coverage. The articles are wrong. Apps don’t impact how much you will pay. In fact, most online pricing tools for private jets don’t even give you hard quotes. They are simply tools to capture your contact information so sales reps can follow-up.
Much of the charter rates you see online are estimates. And for every slick app, you’ll find if you aren’t familiar with the industry’s ins and outs, it’s easy to make big mistakes when buying private flights. With COVID-19 causing more consumers to shop for private aviation options, if you are serious, buyer beware.
In a filing last week, the grounded private jet charter operator outlined what its jet card customers might receive in exchange for their $50 million in unused flight credits
What’s nearly $50 million in unused flight credits worth when your jet card provider goes bust?
The answer looks to be less than customers had hoped for, but more than past bankruptcies and closures.
The U.S. Treasury Secretary is still looking recoup nearly $220,000 he lost to defunct private jet charter broker JetCard Plus
In yet another lesson showing it doesn’t matter who you are, it pays to do proper research before you buy into a jet membership program, the check wasn’t in the mail.
U.S. Secretary of the Treasury Steven T. Mnunchin still hasn’t received the $219,623 judgment he won from JetCard Plus and its former CEO Paul A. Svensen, Jr. last May in a Florida Court.
The Trump Treasury Secretary was never paid after receiving a judgment against Paul Svensen’s jet card brokerage
According to The New York Post, U.S. Treasury Secretary Steven Mnuchin filed a Dec. 6 Manhattan Supreme Court lawsuit against JetCard Plus through Mnuchin, Inc.
Mnuchin’s problems with JetCard Plus were first reported by Bloomberg in May.