Private Jet Card Comparisons - Know Before You Buy
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Florida-based Velocity Jets is a boutique broker. It was also ahead of the industry in halting jet card sales to new customers. It did so in early July, more than a month before NetJets, the first prominent player to put jet cards on ice. Velocity is now restarting – on a limited basis.
Barring some calamity that sends demand for private jet travel into a downward spiral, jet cards and memberships will look very different. You already see the ghost of jet cards’ future via recent changes.
As jet card sellers cope with sourcing flights at guaranteed rates on short notice and system hiccups against record demand, Sentient Jet plans to temporarily halt sales at midnight tonight.
As private jet flying has reached record levels, capacity is being stretched. Providers are trying to line up more capacity. However, jet card rates, which in the past hadn’t changed for years at a time, have been on the rise. The midyear timing speaks to what’s happening in the market.