If you aren’t sure you will need 25 hours over the next two years these programs, which start at five hours and $15,000, are an alternative to on-demand private jet charter
Jet cards are the hot spot of private aviation bridging the gap between on-demand charter and fractional or full aircraft ownership. Jet cards make flying easy with one call or some taps on your smartphone to arrange your flight. Many programs have guaranteed availability with one-way fixed rates so you know what you will be paying ahead of the time. You also don’t have to pay for positioning flights. Lead time to make a reservation can be as little as eight hours and unlike charter, you may be able to cancel within hours of your flight with no penalty.
Wheels Up is in the middle of a significant expansion adding the Citation X to its fleet of King Air 350i and Citation Excel/XLS
Wheels Up today announced the appointment of Eric Jacobs as Executive Vice President, Chief Financial Officer via a press release. In this position, Jacobs will oversee the finance and accounting, investor relations and strategic corporate development functions of Wheels Up, including treasury and mergers and acquisitions.
Goodbye free empty legs and shared flights. JetSmarter 2.0 is a very different but potentially appealing proposition. Will there be a jet card in its future?
JetSmarter’s CEO and founder Sergey Petrossov might debate using the word evolution and certainly feels criticism, including from this reporter, has been unfair. Whether or not the appraisals have been correct is probably one of those YMMV type things. Either way, what’s clear to me is that JetSmarter today and even more so a year from now will be very different than when it took flight in 2013. Back then, you paid a membership fee and then indulged in free seats on shuttles that JetSmarter scheduled. There were also free empty legs where you got the entire plane for as many friends as it could fit. For aspiring private travelers, it was like being a kid in an all you can eat candy store.
Wheels Up features its own fleet of Citation X, Citation Excel/XLS and King Air 350i
Of the more than 20 new jet card programs launched since the Great Recession, Wheels Up has been one of the most notable providers. Founded by Kenny Dichter, who in 2001 started Marquis Jet Partners before selling it to NetJets, Wheels Up can be credited with popularizing the use of turboprops and a membership model.
The diversity of jet cards has never been wider with more options and more programs from pay as you go membership to global products
When Sentient Jet pioneered the jet card in the late 1990s, the jet card was a defined and narrow niche. Sold in increments of 25 hours, the jet card was thought of specifically for folks who flew privately between 25 and 49 hours over the course of one to two years. The offerings were based on private jets alone. Wow, times have changed. Today there are over 35 providers and more than 250 programs. Private Jet Card Comparisons has identified over 65 variables that differentiate the offerings. What’s more, you can now find programs offering turboprops and even piston aircraft up to airliner size jet access.