Jumpjet Aims for Bizjet Flights at First-class Prices
Jumpjet, a start-up “luxury travel club” launched on Tuesday, aims to provide per-seat private jet travel at first-class airline prices. Under its program, customers pay a fixed monthly fee over a 12-month period that allows them to book a seat on 10 round-trip flights per year, without any extra per-flight-hour charges, on third-party charter aircraft flown by Wyvern- or Argus-audited operators.
The company plans to begin flights on November 1 from 40 U.S. cities, though travelers will be able to fly to more than 500 U.S. destinations. Jumpjet said that by aggregating passengers on chartered jets it can be profitable with “just a small amount of customers.” It expects to have 1,100 to 1,500 members signed up by early next month, and its target load factor is 3.8 passengers per flight.
Members can select from personal and corporate packages, starting at $2,350 per month for 10 round-trip flights per calendar year to destinations within 1,750 miles. This rises to $3,995 for destinations within 2,250 miles and $5,550 for anywhere in the continental U.S.
Companion passes are available for $1,250 to $2,000 per flight, but guests must fly with those members who have a personal package. Corporate packages allow guests to fly without the primary member, however.