Executive private jet airplanes owned by big corporations for executive traveling are in decline. Jets are remarkably expensive alone, and their required aircrews and ground support teams include enormous financial strain on corporations’ budgets.
How they are economical is only when they are used frequently to justify the price of storage and related payroll. Alternatively, many companies are choosing to use private jet firms and charter services.
Which allow private individuals and corporations alike to ensure travel availability. Every day of the year without the trouble of owning a fleet and the related ground and pilot support.
Jet charters have climbed in recent years, and these are the top private jet corporations to offer these services.
Charters Companies And Business Models
There is not necessarily a wide variety of different types of jet charter companies; they all share a common thread: lining up customers with possible seats.
The differentiation between types of service lies in how they model their business. As an example, some suppliers sell fractional ownership to the customers. Mainly, you buy a proportion of the aircraft and the related support, and your usage is pro-rata to the percentage owned.
Other private jet businesses sell blocks of time in predetermined increments. The customer determines how much use they require and buys a block of hours, apparently lowering the total price.
Pay-as-you-fly is just another version, although possibly less investigated after since the absence of any ownership or outlay of cash usually makes it more challenging to acquire space availability.
The model which seems most attractive, but is the most difficult to cultivate, is that of paying a flat rate for infinite access and use. Many companies have promised this and then consequently gone down in flames. It’s uncertain how a jet charter company could return a profit on this model when it would need a practically infinite pool of aircraft and pilots, which does not exist.
All certified aircraft go down for regular, scheduled care, and the supply of qualified aircrews is finite.
Most Popular Private Jet Companies
1. NetJets
Netjets is the oldest and biggest private jet company in the world, amassing a fleet of about 700 jets globally, of all sizes and classes. They support flights to more than 4,000 airports worldwide and are made up of over 6,500 fractional owners worldwide.
NetJets offers customers three different choices for membership and use:
- Jet Card: provided in blocks of 25 hours.
- NetJets Lease: for customers who intend to fly more than 50 hours each year but prefer not to own any part of the asset.
- NetJets Chat: for customers planning to fly more than 50 hours each year and do wish to own some part of the aircraft.
Courtesy NetJets
NetJets Share is a program that allows the client to obtain a share of a particular aircraft, which they are assured certain access rights to. The added advantage of the Share program is that NetJets guarantees that you will get your jet, and if that is not free, you get the next tier up, not down.
2. XoJet
XOJET employs different game design than NetJets, paring down their fleet down to just two models: the Challenger 300 series of jets, and the Cessna Citation X. Their company model is the possession of 41 aircraft, and preferred partnerships with over 1,300 private owners.
The advantage of solely operating a very restricted family of aircraft is a largely decreased logistics train; the drawback is that only a selected clientele will have the ability to use the services.
Courtesy XoJet
3. Paramount Business Jets
Launched in 2005, Paramount Business Jets has formed a network of aircraft with over 4,000 private jets that they check for security and quality by hand. PBJ claims to have the ability to give private charter flights within as little as 4 hours — to and from any worldwide destination.
Probably their most significant strength is their culture of safety and transparency. PBJ was the first firm in the industry to present a complete transparency jet card. Nowadays, the customer receives a full breakdown of their costs and a thorough safety report for each flight he takes.
They think of themselves a full-service private jet charter corporations, offering their clients membership options and on-demand private jet charter services.
4. Privatefly
PrivateFly is just another network-oriented private jet corporation that develops its business around organizing a vast pool of private jets worldwide and selling seats to executives, similar to Orbitz or Priceline.
The company claims to have access to a chain of over 7,000 jets, providing them great flexibility to give the requested service in a compatible aircraft.
Courtesy PrivateFly
PrivateFly advertises two somewhat unique solutions, those being helicopter charters and jet flights.
5. Jettly
Jettly advertises to be “#1 fastest-growing private air travel and lifestyle community”. The feel of their site, rather than the previous organizations, is surely Uber-ish with an app that enables clients to check fares and schedule flights all from their smartphone.
Courtesy Jettly Private Jet Charter
While it is unclear how small aircraft their competitors provide, Jettly demonstrates that they provide aircraft of all dimensions, including single-engine piston jets, in addition to helicopters.
6. JetSuitex
A subsidiary of famous JetBlue, JetSuiteX, seems to be the clear winner when it comes to cost. Clients may opt to get a single ticket or may charter an entire aircraft if need be.
As it operates, jetSuiteX is limited in scope, as it currently only works on the West Coast of the United, mostly inter-California, probably to provide to Silicon Valley techies.
7. Victor
Victor is a private jet corporation that has compiled an extensive network of over 200 operators to associate with, offering jets of all sizes to customers globally. It needs all partner operators to abide by ISO-9001 criteria and supplies this information to all clients, making sure that planned passengers are thoroughly aware of the requirements which their aircrew and aircraft have fulfilled.
Provides an “Empty Leg” service that shows all available space seating on jets, which have been chartered and will have vacant seats on the return leg. If any of these are compatible, the client can inquire and receive a quote on that single leg.
Courtesy Victor
The empty leg is a real advantage on many levels: environmentally as it does no support to fly an unoccupied jet vice a full jet; and it rewards the bottom line of the owner to have to pay clients on both legs. Commercial airlines regularly fill seats when they make routes, assuring paying clients will embark and disembark at every destination, whereas charters are usually booked on a one-way kind of arrangement.
8. GlobeAir
Serving the European community particularly, GlobeAir is unlike many competing private jet firms because it owns and operates its fleet of jets. Zeroing in on the air taxi business in Europe, exclusively piloting the Citation C510 Mustang, a small jet that only needs a team of one pilot, considerably reducing costs.
GlobeAir, like Victor, also offers a clear leg booking to guarantee that each mile is a prolific and environmentally safe mile.
Courtesy GlobeAir
An exciting twist to their business mile, which more charters should think about, is their express cargo support for urgent documents and smaller parcels, in addition, to spare parts up to 136kg.
9. VistaJet
Truly a global charter firm, VistaJet is the only private jet company that provides worldwide services using its fleet. There are a lot of companies which charter private aircraft throughout the planet, but no others do this entirely by their private fleet.
VistaJet has set the bar high by eliminating aircraft positioning fees for its Program members and runs a fleet of 70 Global and Challenger jets working for 187 countries worldwide.
Courtesy VistaJet
10. Magellan Jets
Chartering everything from King Air ’90s too heavy Gulfstream G650’s, Magellan reaches all of the bases worldwide via a broad network of aircraft owners. Providing both private and corporate memberships, Magellan has a plan that will amuse everyone.
The corporate membership ensures aircraft accessibility within 6 hours, no blackout dates or peak fees, and Wi-Fi available on all mid-size and bigger jets.
Courtesy Magellan Jets
The private membership is the most comprehensive of the group, prompting users to pick an aircraft size range (no particular aircraft), several hours expected in blocks from 25 to 200+, and then lets users tailor perks, add-ons, and choices.
11. V2 Jets
Launch in 2015, provide mainly charter services; also aircraft jet and sales cards.
Distinguishing Part: High-class service, right down to Jet beds equipped with the very same linens that customers favor at home
Fleet: Charters over 10,000 aircraft
Cost: $4,000 to $4,750 per hour on a midsize jet such as the Cessna Citation X$7,000 to $10,000 per hour on a heavy jet such as the Challenger 605
Booking Notice Required: Four hours
Creating Magic: A Miami flier needed in-flight food from Rao’s in New York, so V2 flew the meal by private plane to reach the client’s aircraft before departure.
12. Wheels Up
Launch Date: 2013
Service: Membership-based pay-as-you-go charter (instead of a jet card)
Distinguishing Factor: Creator Kenny Dichter was a cofounder of Marquis Jet, which gave origin to the jet card.
Fleet: Owns 15 midsize Citation Excel/ XLS and 54 turboprop Beechcraft King Air 350i aircraft
Cost: $17,500 one-time investment and $8,500 yearly dues starting in the second year; fixed hourly prices for flight hours (beginning at $3,950)
Booking Notice Required: 24 hours
Courtesy Wheels Up
13. JetsMarter
Launch Date: 2013
Services: Scheduled flights and accessibility to empty-leg flights (contrarily empty return flights which another passenger has reserved only one way)
Distinguishing Factor: Countless free flights with membership
Fleet: Over 800 carrier partners with 4,000 aircraft in most categories
Cost: $15,000 annual fee
Booking Notice Required: Six hours
Big, Cool Buddy: Jay Z is an investor.
Fine Print: On scheduled flights within three hours, customers can not book a return until they have arrived; on bare legs, the aircraft can be picked anytime before take off, leaving fliers without a plane.
14. Delta Private Jets
Launch Date: 1984
Services: A subsidiary of Delta Air Lines that provides jet cards and on-demand Charters; introduced updates for SkyMiles members annually
Differentiating Factor: The capacity to transport commercial fliers to their final destination at a business jet
Fleet: 70-plus aircraft
Cost: 2.5 million SkyMiles for a $25,000 jet card, upgrades for commercial prices for $300 to $800
Booking Notice Required: Ten hours
Trend Watch: Since Delta Private Jets began, corporations have obtained fleets (Lufthansa) or partnered with charter organizations (Victor and Etihad). To keep their premium customers.
Video by Delta Private Jets
15. Jet Linx
Launch Date: 1999
Services: Jet cards and aircraft management
Differentiating Factor: Jet Linx has private terminals in 14 U.S. cities, from Atlanta and Dallas to Denver and Detroit, each with its service team.
Fleet: Charters and oversees 90-plus aircraft in most categories.
Cost: $12,500 for a Club Card and $17,500 for an Executive Card with an hourly rate that ranges from $3,375 to $8,250 based on aircraft type.
Booking Notice Required: 48 hours
Perk: They company provides a car detailing service to its members while they travel.
Courtesy Jet Linx
So What To Do?
Choosing a private company to represent your needs or your company’s needs is a huge decision because it comes with a big price tag. However, there are a whole lot of choices available and options to pay for any executive or personal travel around the world.
The fact is that even major corporations who can afford their fleet still may opt to go the route of fractional ownership or using private charter options. Instead of ownership, jet charter organizations have networked to offer that same level of concierge service to customers. Many economic tiers now, not just reserved for the super-affluent.
Make sure you, the end-user; know particularly what each option (partial ownership, shared, pay-per-flight) entitles you. In addition to any hidden fees and related expenses. Keep a sharp eye open to ensure that the service you select is open and obvious about their fleet and their security record. Your business’ future does depend on it.
