Sunday, June 24, 2007 12:51:56 PM
With the Air Transport Association forecasting a record number of travelers taking to the skies this summer (209 million between June and August), airport check-in and security lines promise to be longer and more frustrating than ever. Against this backdrop, private jet travel, long viewed as an option only for executives at the nation's largest corporations, is gaining followers among business and leisure travelers who can experience the service through redesigned jet "card" programs. These programs offer a more accessible alternative to fractional ownership. Flight Options, for instance, the nation's second largest private jet company, has seen enrollment surge in its JetPASS Ultimate Travel membership program, with recently compiled May enrollment figures more than doubling versus the same period in 2006.
While the card programs are not a realistic option for those who exclusively book economy-class commercial flights (JetPASS members make an initial purchase of $100,000 worth of private jet flight time), the flexibility and tiered pricing of JetPASS can compare surprisingly favorably for frequent business- and first-class travelers. For instance, a trip on a seven-seat light jet from Teterboro to Nantucket could cost as little as $4,246 in the program, or only $708 per seat (even when only six seats are used) - ideal for a family or group of business associates.
The redesigned JetPASS Ultimate Travel Membership program from Flight Options recently celebrated its first anniversary and is the only private jet card with peak / off-peak tiered pricing, one-way and round-trip options, all with access to the consistency and levels of service associated with a fractional operator. The initial $100,000 deposit (renewed at $50,000 ) gives members immediate access to the entire Flight Options' fractional fleet, allowing them to specify the aircraft that best suits their needs for a particular flight. Any unused balance is fully refunded so that members ultimately only pay for occupied hours. The program discounts round-trip travel, and recently introduced tiered pricing that benefits members willing to fly on a Thursday or Saturday - an especially appealing option for leisure travelers.
Flight Options' fractional fleet includes the most popular and top-performing personal jets on the market. They range from light-cabin jets ideal for transporting two to a Caribbean island retreat to large-cabin aircraft that will fly the entire family to Cabo San Lucas or another a dream vacation destination.
About Flight Options
Flight Options LLC is a Raytheon Company (NYSE:RTN). The Cleveland, Ohio -based private jet company has earned a reputation as a leader and innovator within the private aviation industry. Flight Options, which will mark its 10th Anniversary in 2008, pioneered cost-transparency in fractional jet ownership with the Fractional First(TM) ownership program and introduced fully refundable hours to the jet card market, with JetPASS Ultimate Travel Membership. Flight Options is an industry leader in private aviation safety, as well, having been selected by the FAA as the first fractional provider to participate in the Aviation Safety Action Program. Flight Options provides personalized luxury service to its owners and members, allowing them to be more productive on business and to make the most of their leisure time. The Flight Options fleet of over 140 aircraft consists of the Beechjet 400A, Hawker 400XP, Hawker 800XP, Citation X and Legacy. More information is available at www.flightoptions.com or by calling 877.703.2348.
Source: Flight Options LLC
investorshub.advfn.com/boards/board.asp?board_id=9996[tag]Volatility Arbitrage[/tag]
www.investorshub.com/boards/board.asp?board_id=1744[tag]W@G
Recent RTX News
- RTX's Raytheon awarded $736 million contract to produce AIM-9X missiles • PR Newswire (US) • 10/10/2024 12:00:00 PM
- RTX Board of Directors Declares Quarterly Cash Dividend • PR Newswire (US) • 10/09/2024 08:30:00 PM
- RTX's Raytheon completes hydrodynamic testing for the Barracuda Mine Neutralization System • PR Newswire (US) • 10/07/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 09:03:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 09:03:07 PM
- RTX to develop ultra-wide bandgap semiconductors for DARPA • PR Newswire (US) • 10/02/2024 01:00:00 PM
- RTX's Pratt & Whitney opens its largest Military Engines facility in Oklahoma City • PR Newswire (US) • 10/01/2024 06:30:00 PM
- RTX's Raytheon awarded U.S. Navy contract for Next Generation Jammer Mid-Band Expansion • PR Newswire (US) • 10/01/2024 01:30:00 PM
- RTX to release third quarter results on October 22, 2024 • PR Newswire (US) • 10/01/2024 12:00:00 PM
- RTX's Pratt & Whitney awarded F135 Engine Core Upgrade contract • PR Newswire (US) • 09/30/2024 10:32:00 PM
- RTX's Raytheon delivers Missile-Warning Sensor • PR Newswire (US) • 09/30/2024 02:00:00 PM
- RTX receives U.S. Navy contract for ESSM Block 2 Missiles • PR Newswire (US) • 09/30/2024 01:00:00 PM
- RTX's Raytheon completes first AN/TPY-2 radar for the Kingdom of Saudi Arabia • PR Newswire (US) • 09/25/2024 01:00:00 PM
- airBaltic and RTX's Pratt & Whitney Unveil Long-Term Engine Maintenance Deal • PR Newswire (US) • 09/23/2024 12:00:00 PM
- RTX's Collins Aerospace receives first-ever FAA approval to increase cockpit processing power • PR Newswire (US) • 09/18/2024 02:00:00 PM
- RTX's Raytheon selected to streamline production of SPY-6 Transmit/Receive modules • PR Newswire (US) • 09/17/2024 12:00:00 PM
- RTX's Raytheon, Northrop Grumman successfully test solid rocket motor • PR Newswire (US) • 09/12/2024 12:00:00 PM
- Norfolk Southern CEO Fired, Ryanair Lowers Fare Forecast, 23andMe Considers Acquisition Proposals • IH Market News • 09/12/2024 10:02:29 AM
- GameStop plunges 11% on stock offering, DJT drops post-debate, GSK fails shingles vaccine trial • IH Market News • 09/11/2024 10:25:41 AM
- Apple Loses EU Dispute; Google’s $2.7 Billion Fine Upheld; Oracle Shares Surge 9% • IH Market News • 09/10/2024 10:02:31 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 08:09:38 PM
- Intuitive Machines Soars 18% on NASA Contract, Intel Considers Splitting Operations, Dell Reassesses Selling SecureWorks • IH Market News • 08/30/2024 10:00:08 AM
- RTX's SeaVue Multi-role Radar provides critical targeting data at RIMPAC • PR Newswire (US) • 08/28/2024 12:00:00 PM
- RTX President and CEO to present at the Morgan Stanley 12th Annual Laguna Conference • PR Newswire (US) • 08/28/2024 12:00:00 PM
- NSPA awards RTX's Raytheon a $478 million Patriot GEM-T missile contract • PR Newswire (US) • 08/06/2024 01:00:00 PM
ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • HALO • Oct 10, 2024 8:09 AM
CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • CBDL • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM