With a fleet ranging from the Super Midsize Bombardier Challenger 350 to the ultra-long-range Global Express 6000 and a jet card called the Program, VistaJet is focused on the worldwide traveler. But, who are they?
With a fleet of large and long-range aircraft and a jet card price which likely starts at about $600,000 (Vista Jet’s program requires 50 hours of flying and hourly private jet cost estimated to start at $12,000) you’re probably talking about different missions than say the Pilatus PC-12 or a King Air 350 user. But who are VistaJet’s customers? As part of a report on who flies privately produced jointly with Wealth-X, a research firm specializing in Ultra High Net Worth families, there is some interesting information.
Private Jet Card Comparisons has compiled over 65 variables from more than 35 jet card providers covering over 250 programs and put it all into easy-to-use spreadsheets
Imagine having to contact 35 different companies and requesting detailed answers about program policies and fees that go beyond the marketing collateral most send out, then having to put it into spreadsheets so you can compare the offerings. Private Jet Card Comparisons has done it for you with more than 250 programs, each with different offerings, all in one place to make comparing easy for you.
Jet Cards now start at 10 hours, go up to over 100 hours, and include turboprops to ultra-long-range private jets
Buying a Jet Card can be a significant expense running into the hundreds of thousands of dollars per year. Of course, it is less than fractional or full ownership, and you don’t have the same long-term commitment. Buying a Jet Card also frees you up from the time-consuming process of on-demand charter where for every trip you are likely dealing with multiple brokers, examining aircraft profiles, reviewing pricing, including all of the extras, many which are covered by various card programs and so forth. On departures day, if something happens, you need to hope your broker can find some type of backup if something goes wrong, and then you probably have to figure out last minute transfer of funds to the new operator.
The Private Jet Traveler Report 2018 seeks to explain the various private aviation options available to wealthy consumers from full and fractional ownership to Jet Cards, on-demand charter and commercial first class
Researcher Wealth-X and VistaJet, which offers a high-end Jet Card membership program, earlier this week released The Private Jet Traveler Report 2018, a global perspective on who flies privately and how. Since the research was based in part on the VistaJet clientele, I am not sure it represents the entire industry (VistaJet’s sweet spot is long-hauls and 3+ hour trips on SuperMid and Large Jets). However, it does provide some interesting insights into why folks fly privately, none of which may be a surprise to you as a regular user of private jet services, but does dispel a few champagne and caviar myths.
Investment capital continues to pour into private jet and helicopter membership, card and sharing programs
Here it comes. Add Fly BLADE to JetSmarter, JetSuite, Stellar.aero, Victor, VistaJet and Wheels Up – the list of private jet card, online charter and by the seat private aviation companies that have raised over $500 million over the past 18 months. According to a press release, BLADE added “approximately $38 million” to its coffers via Series B Financing led by Colony NorthStar and Lerer Hippeau along with Airbus Helicopters and LionTree Ventures.