LifeStyle

 NEWS & ARTICLES
Home LifeStyleAircraft   What is a Private Jet Card and Why Use One?
RSS

What is a Private Jet Card and Why Use One?

Dec. 5th, 2012 | Comments 3 | Make a Comment   
private jet travel
Photo Courtesy of Thinkstock | iStockphoto
Private Jet Card: Cost-effective and simple method for frequent flyers to experience owning a private jet without dealing with maintenance. Private, quick, and reliable, jet cards are a type of prepaid debit card with a specific allowance of flight time that bypasses service fees and allows access to any private jet in the chosen company's fleet.

Most of us in the aviation industry are well aware of the benefits derived from offering pre-purchased jet cards as sellers. We know it strengthens our banking relationships while preventing us from having to track down extremely busy executives and other high-net worth clients each and every time he or she is ready to take-off at a moment’s notice.

While private jet cards benefit those of us in the aviation industry, this article focuses on the benefits of purchasing a card from the retail client’s perspective. We won’t cover everything in this article, but it will shed some light on some of the primary ways in which this “form” of private jet travel can become a more convenient and time-efficient process for all parties involved.
private jet travel

I. Ease of Payments Equals More Opportunities

As busy as most clients are who use private aircraft, one of the concerns is the aborted bookings of prospective aircraft at the right price due to the time lost between collecting the funds from the client and securing aircraft with the selected charter operators on which brokers rely for aircraft access. Because brokers are constantly searching for available aircraft, this loss of time – whether it be several hours or a day or two to arrange a rushed bank wire – results in the broker having to start from scratch in the aircraft search as charter operators’ schedules shift constantly.
(Photo Courtesy of Thinkstock | Cornstock)
private jet travel

II. Establishing Jet Card Purchase Amount

Ideally, the private jet card purchase should be for an amount that is expected to be exhausted within a 3-6 month period or so. Whenever a client is approached to purchase a year-round jet card, he or she should be able to provide a ballpark range of flight time they plan to utilize during the year for either business and/or pleasure. Once the charter broker is aware of this information, it is easier to provide suggestions for the initial purchase amount. It is probably not advisable to “over-purchase” because from the client’s standpoint, as the additional funds could almost certainly be put to better use elsewhere in their investment portfolio. More importantly, it is never a good business idea to have a client who is on edge due to regretting the size of the card amount invested. As long as both the client and the broker are honest with each other, there should little trouble establishing a comfortable purchase amount.
(Photo Courtesy of Thinkstock | iStockphoto)
private jet travel

III. Best Pricing Per Itinerary/Taking Advantage of Empty Legs

The broker should be seasoned enough to have amassed hundreds (if not a few thousand) relationships in the global charter industry. These relationships greatly benefit clients, as it enables them to pick and choose from numerous aircraft options. One of the industry’s best opportunities lies in the area of empty legs/deadheads, where an aircraft either needs to return to base or leave base to pick up and/or drop off a different client or it is empty for various other reasons. At times, some of these empty leg opportunities can discount an aircraft’s hourly rate from $5,000-plus per hour down to $1,000-$2,000 per hour. Savings are all based on the needs of the aircraft operator and the itinerary of the jet card client. Piggybacking on someone else’s itinerary can be one of the most effective ways for retail clients to get the most bang for their buck, as they also may be able to “upgrade” to a model they otherwise would not have chosen if they were left to pay the standard hourly rate. This will also preserve the card’s balance for additional trips that would otherwise not happen!
(Photo Courtesy of Thinkstock | iStockphoto)
You might like : Luxury Airline News
related articles
Write a Story/Review about Private Jet

Post a Comment

 
3 Comments on this Article

Nasri commented on November 13, 2014

i really like this

Reply    Report this Comment

Steve Mirsky commented on May 11, 2013

Sounds like a superb gift idea!

Reply    Report this Comment

Michael Surguladze commented on December 14, 2012

All the benefits of using a private jet without any of the costs of maintenance headaches. Sounds like a good deal to me.

Reply    Report this Comment