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Jet cards are offered by large and small fleet operators and charter brokers. [1] [2] There are as many as 65 variables between jet card companies, according to Private Jet Card Comparisons, a buyer's guide to jet card programs. Traditional jet card programs are prepaid hours of occupied flight time on a given aircraft or size of aircraft. [1]
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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.
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.
NetJets is the largest fractional aircraft provider. In 2021 its fleet flew 478,444 hours. [51] For companies or individuals that require less than the minimum 50 flight hours and the five-year commitment of fractional ownership, they can buy flight hours in 25-hour increments via the NetJets jet card programs. [23]
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