A Jet Card is a private aviation product that enables holders to use various different aircraft at agreed-upon fixed hourly rates. Jet cards are offered by large and small fleet operators and charter brokers. On a jet card's pros list is convenience: Users don't have to exchange contracts or make payments each time they arrange a flight.
Traditional Jet Card programs are prepaid hours of occupied flight time on a given aircraft or size of aircraft. Some programs include not only jets, but turboprops. The term "jet card" can also refer to prepaid private jet charter programs that have similar attributes.
Notable Jet Card providers include Delta Private Jets, Flight Options, Airstream Jets, Marquis Jet (NetJets), Sentient, Jetsuite and Flexjet.
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History
The term "jet card" was devised to create a marketing product for what equates to block on-demand charter. There are over 250 Jet Card programs on the market, with the number of providers having doubled in the past 10 years.
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Cost
Jet Card purchase prices start at around $50,000. However, most Jet Card Programs typically run between $100,000 and $500,000. A new pricing model based on distance flown instead of hours has improved jet size flexibility and lowered the threshold for Jet Card Membership to only $25,000.
Developments
Two companies are varying from hours and dollars approach. Kansas City-based Executive AirShare is offering a jet card program that is based around selling days instead of hours while Airstream Jets is doing it by miles. Executive AirShare's Embark cards are denominated on a by-the-day basis.
In 2015, Boca Raton, Florida based Airstream Jets introduced its Distance Card, which bases its pricing on total miles flown rather than hours.
Jet Card companies
- NetJets
- Airstream Jets
- Delta Private Jets
- XoJet
- Sentient Jet
Source of the article : Wikipedia
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