By purchasing a jet card you are buying a block of time on a private aircraft. You can buy cards from many charter brokers and charter operators and all the big fractional and closed fleet operators will sell access time in chunks. A jet card typically locks in a price per hour that won't change during the use of those hours. These locked in hourly rates are normally good for either a year or two years.
There are two broad structures for jet cards:
- Plane specific – where you prepay for a set number of hours on a specific aircraft type. These are typically 25 hour cards, but we’ve also seen cards for as few as 5 hours and for up to 50 hours.
- Debit card – where you deposit an initial sum, often starting at $100,000, and then the operator draws from this sum as you use different aircraft at fixed hourly rates. The initial deposit could be lower, for instance we’ve seen them at $50,000. Or could be higher, which may get you a lower hourly rate on each aircraft type.
All flights are conducted under FAA Part 135 charter regulations, and thus you will have to pay the 7.5 % per-leg federal excise tax, although this tax is currently waived through 31st December 2020 under the CARES Act.
One of the great advantages for card holders is that you are usually not billed directly for deadhead, or unoccupied hours. In other words the rate for one way trips are usually built into the hourly rate for the card. This makes the price per hour for these one way trips fairly competitive, but means that return round trips can be more expensive (than other methods such as charter), although some jet card providers do offer discounts for round trips.
Another big advantage is the consistency of service. With the large fractional operators you'll be flying on their fleet of consistently equipped and maintained aircraft. With the charter brokers you'll have one point of call to arrange your travel needs.
Read the latest jet card news below and download the full guide to the right.