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Jet cards were created as a way to offer flight time to private aviation users flying up to 50 hours per year. Rather than purchasing a whole aircraft or investing in fractional ownership, a jet card can be a cost-effective option for frequent leisure travellers or users of business aviation.
These fractions translate to several hours per year, with a full 100 percent share typically equating to 800 annual hours of usage. Most shares are sold at the 1 ⁄ 16 (50 hours) or 1 ⁄ 8 (100 hours) level. [2] [1] Although the aircraft is shared, owners are guaranteed access with 4–48 hours notice, depending on the provider and plan.
Alternatively, customers may buy flight hours in 25-hour increments by way of jet card programs. [23] Fractional owners also pay an occupied hourly operating fee, but it is charged only when an owner or guest is on board, not for ferry flights. [49] [50] NetJets is the largest fractional aircraft provider. In 2021 its fleet flew 478,444 hours. [51]
The typical cost is between $2,000 and $14,000 per billable hour to charter a private jet. However, those prices aren’t the whole story. However, those prices aren’t the whole story.
NetJets, a private aviation company selling fractional ownership in its planes, announced Thursday that it had agreed to purchase Marquis Jet, a private jet cards company that sells the use of ...
This allows people to fly privately for cheaper than the cost of full jet ownership. I toured one of Flexjet's $23 million Embraer Praetor 600s. It costs about $10,000 hourly.
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