Customers on the lookout for charter business aircraft will have the opportunity to deposit $1million on a brand new loyalty card and access a variety of advantages.
The brand new $1million prepayment card announced on July 18, 2023, is the brainchild of US private aircraft charter broker Paramount Business Jets (PBJ).
It’s the primary time PBJ has allowed such a big sum of money to be deposited by customers.
Access to the Paramount Jet Card is on the market with a deposit as little as $100,000, which is locked in a dedicated account available to be used only by the cardholder.
At that level it locks in a guaranteed management fee of 16% of the full charges for every private jet trip, or $1,600, whichever is bigger.
Larger deposits provide access to even lower management charges and travel credits which may be applied to in-flight catering, automobile rentals, and other concierge services.
A $1 million deposit locks in a ten% trip management fee, the bottom percentage available, and caps the utmost commission per trip at $30,000 for trips priced greater than $300,000.
“The Paramount Jet Card provides access to greater than 4,000 of the safest and most luxurious private jets on the earth with as little as 4 hours’ notice,” said PBJ founder and CEO Richard Zaher. “The brand new $1 million deposit tier allows clients to enjoy all some great benefits of on-demand aircraft charter on their schedule, with none delay for bank transfers or account verification.”
Zaher noted the Paramount Jet Card also provides added peace of mind for personal jet charter customers in an evolving marketplace.
“Clients are also protected within the event of unexpected financial issues with the operator of their scheduled charter trip,” he said. “Our team works with dozens of operators to seek out alternatives quickly and with no hidden charges.
Unused jet card funds are also fully refundable at any time when the client wishes, and there aren’t any expiration dates or monthly service fees.
Zaher launched PBJ in 2005, operating worldwide. The corporate offers access to quite a lot of jets including ultra long-range aircraft similar to the Bombardier Global 7500 and the Airbus ACJ318.