How to Save Money on a Jet Club Membership
A jet club membership has many advantages, but what's the best way to pay for it? There are many ways to save money on your jet club membership. Consider one of these ways: using a travel agent to book your flights. These agents are independent of the benefit partner, and they are usually only available Monday through Friday. While these agents can help you with many aspects of your trip, you'll find that they are more helpful and convenient to deal with.
The benefits of a fractional aircraft ownership start right after you sign up. The benefits begin as soon as you accept the membership and last for up to 90 days. If you die within the period, your beneficiary will be reimbursed the funeral cost. To receive the funeral benefit, your partner must have been living with you for at least 12 months. A Jet Club representative will be able to help you determine what benefits you need most. You should know that the benefits you get will be worth the cost of joining.
The Jet Club has two tiers of membership: Fly Club and Exclusive Club. Members in the Fly Club level must pay a minimum of $150,000 to secure their jets. Once you make the initial deposit, you'll have access to fixed hourly rates for up to 29 flights. The Break-Even point for an Exclusive Club membership is 29 flight hours. The higher the level of membership, the more benefits you'll get. The more expensive levels are great for frequent flyers, but not for people who only fly a few times a year.
The private jet club also offers flexible aircraft options. The fleet of aircraft includes 75 Cessna Citation jets. You can choose a light, mid, or super-mid aircraft to suit your needs. You can even change your jet type and size from flight to flight. There's no one size fits all approach to private jet ownership, so it's crucial to be flexible. And don't forget about safety. If you're not comfortable flying in the middle of the night, you'll be fine with a mid-sized aircraft with plenty of room.
Ultra-High Net Worth individuals rely heavily on private jets for travel. They have at least $30 million in assets, and they can save significant amounts of money by joining a jet club. Basic membership fees start at $1,000 per month plus a charter fee. Unlimited usage costs upwards of $10,000 per month. The jet club membership is a good way to cut down on your costs while still flying in style. A jet club membership can save you thousands of dollars per year on your trips.
The Airstream Jets program offers a distance-based jet card with varying mileage rates. You should also be aware that the mileage rates for these cards vary depending on jet size and distance. There are other types of jet club memberships, but none of them are right for everyone. For example, if you only fly a few times a year, you might be better off purchasing fractional shares of a jet instead. However, you'll have to pay over $20 million to buy fractional shares. You can get more enlightened on this topic by reading here: https://en.wikipedia.org/wiki/Business_jet.