Private jet card membership programs have become the hot innovation of private aviation with the number of providers having doubled in the past decade and three new providers entering the market so far in 2018, the company said.
With over 35 companies selling jet card memberships and over 250 programs to choose from, one mistake first time buyers often make is forgetting to compare the number of peak days and important variances to the programs during those high demand days, says Private Jet Card Comparisons, the only independent buyer´s guide to jet card memberships.
While jet card sellers designate peak days to mark those periods when there is the highest demand for aircraft, the actual number of peak days varies from under 10 to over 100 depending on provider and program. Typical peak days are before and after major holidays such as Christmas, New Year´s, Easter and Thanksgiving but some providers also designate days around the Super Bowl, Masters, Kentucky Derby, Labor Day and Fourth of July.
Whereas the lead time to call for your jet during regular periods varies from eight to 24 hours, during peak periods it can be as long as seven days with some programs. Also, the deadline to cancel without penalty goes from hours to as much as a week. While some programs allow members to access multiple aircraft from a single account, a benefit for businesses and families, during peak days this feature is often based on availability. The same goes with the ability to select a larger or smaller aircraft, a nice feature of many programs.
Virtually all programs have a peak day surcharge, typically around 10% although surcharges identified by Private Jet Card Comparisons go as high as 40%. That means if your normal hourly rate is USD 8,000, you would pay USD 11,200 per hour on peak days. For a roundtrip from New York to Aspen the surcharge can run as much as USD 25,000. While programs also give discounts for roundtrip flights and longer flights, typically over four hours, these generally aren´t valid during peak days.
Private Jet Card Comparisons compares over 250 jet card programs from more than 35 providers across 65+ variables in easy-to-use spreadsheets saving hours of research and thousands of dollars from choosing the wrong program.