The Evolution of Business Jet Travel
Originally reserved for Heads of State and royalty, business jet charter has evolved tremendously over the past 50 years with market competitiveness yielding a dizzying array of choices for both business and luxury clients. Beginning with jet ownership in the 1960’s to fractional ownership in the 1980’s and the current model of jet charters, the costs associated with flying privately have been dramatically reduced due to new and improved business models and methods of flying privately. Most recently with the introduction of the Internet, companies such as Paramount Business Jets are able to provide clients with an unmatched choice of luxury jets as well as unparalleled features and services for a flight experience that is incomparable to any other method of private transportation. As a leader in the private jet industry, we’ve developed a whole host of services for our clients that makes it very easy to plan a trip and find the right private jet, at the right time, all available at the most cost-effective prices.
The Paramount Experience
Paramount Business Jets is an air charter brokerage company and arranges flights on behalf of its clients. Representing your interests, we deal directly with our qualified Operator Partners as well as other trip service providers to provide you with the best solutions for your trip at the most cost-effective prices. Due to the fact that we don’t own our own aircraft, we are not restricted on the type of aircraft we can provide. With access to over 15,000 jets worldwide we can locate an aircraft that best suits you specific trip, while making our operators compete for your business to pass on the cost savings to you. Despite this we only utilize ten percent of the aircraft at our disposal to ensure quality and safety for all of our flights.
Always at your service, Paramount Business Jets handles all of your trip details so you don’t have to. From researching the most competitive rates to contingency planning and organizing ground transportation, our customer care specialists will take care of every aspect of your trip to provide you with the ultimate in convenience, service, and value. Furthermore because safety is our highest priority, we verify the safety ratings of the operator, the aircraft, and the pilots prior to each and every trip. We also make sure that all of our flights are operated by insured FAA Part 135 certified air carriers that meet all FAA safety standards, and additional safety requirements established by Paramount Business Jets.
The Paramount Jet Card
The Paramount Jet Card is one of the fastest growing Jet Cards in the industry, a cost-effective business jet travel solution that offers our customers the benefits of owning a corporate jet without the cost and commitment associated with fractional and whole ownership. Giving you the freedom to come and go as you please, our Jet Card offers another way to experience the unsurpassed safety, service and reliability that our customers have come to associate with Paramount Business Jets. As one of the leaders in the private jet industry, our Jet Card gives you access to a fleet of more than 15000 aircraft worldwide with flight availability guaranteed with as little as 10 hours notice.
The Paramount Jet Card Program is built on key membership privileges that offer membership at different membership levels. By simply depositing funds onto your Jet Card you are ensured guaranteed availability, fixed all inclusive hourly rates, the option to choose the aircraft make and model, FDIC insured funds, free upgrades and complimentary gourmet catering and ground transportation based on your membership level. Just use your Jet Card whenever you fly with us and your Paramount Jet Card will debited based on actual flight time. When your balance reaches zero, you have the freedom to replenish your funds or exit the program. Funds in your membership account will never expire and can be refunded at any time.
As a Jet Card member you'll also experience guaranteed availability, superior customer service, and the highest standards of operational excellence available in the industry. Giving you the peace of mind and freedom to fly wherever you want, on your own schedule. Never before has it been easier to enjoy the freedom and convenience of luxury private jet travel without the purchase costs, fixed costs, monthly maintenance fees, or hidden charges that are typically associated with jet ownership.
On-Demand Jet Charter
Paramount Business Jets also provides on-demand charters to meet any of your charter requirements. Providing you with domestic and/or international travel solutions, Paramount Business Jets is recognized as a worldwide leader in on-demand jet charter operations. Our clients have access to the best charter rates in the industry and a full suite of concierge services, all individually tailored and customized for our clients.
Still not convinced?
If you still don’t believe that Paramount Business Jets is the right choice for you, feel free to take a look at the charts below to learn more about how we compare with our competitors.
| Safety | The Paramount Membership | Fractional Ownership | Jet Ownership |
|---|---|---|---|
| FAA Part 135 Compliant | Yes | Yes | Varies |
| Two FAA-Certified Captains Per Flight | Yes | Yes | Varies |
| PIC Minimum Flight Time | PIC 3,000 Hours SIC 2,000 Hours |
Varies | Varies |
| Extensive Background Checks On Pilots &Crew | Yes | Yes | Varies |
| Mandatory Yearly Pilot Training | Yes | Varies | Varies |
| Verify Safety Standards of Operator, Aircraft, & Pilot with WYVERN and/or ARG/US prior to each flight | Yes | Yes | Varies |
| Verify Consistent Operational & Maintenance Standards | Yes | Yes | Yes |
| Restrict Pilots to Maximum 10-Hours Flight Time During 14-Hour Tour Of Duty | Yes | Yes | Yes |
| Average Aircraft Age | Premium - 4 Years Standard - 10 Years |
4 Years | Varies |
| Average Insurance Coverage Per Aircraft | Light Jet - $50MM Midsize Jet - $100MM Heavy Jet - $200MM |
Yes | Varies |
| Safety Intelligence Report Access | Yes | Varies | Varies |
| Cost | The Paramount Membership | Fractional Ownership | Jet Ownership |
|---|---|---|---|
| Cash Outlay (Does not include hourly fees) |
3 Membership Levels: $50K, $100K, $200K |
$4.7MM | $16.5MM |
| Insured Funds | Your money is safe earning interest in a FDIC insured escrow account |
Varies | Varies |
| Acquisition Fee | None | $1.4MM - $2.6MM | $11MM - $21MM |
| Monthly Management Fee | None | $13K - $17K | $14K - $24K |
| Average Hourly Rates | $5,150 | $8,300 | N/A |
| Depreciating Asset | None | None | Yes |
| Fuel Surcharges | None | Additional | Additional |
| Landing Fees | None | Additional | Additional |
| Overnight Fees | None | Additional | Additional |
- All numbers are based on Premium Midsize averages.
- Fractional ownership is based on 100 hours/year or 1/8 of a share over a 5-year contract. All assumptions are intended to represent a typical fractional program and does not refer to any particular company.
- The figures above are non-inclusive of federal excise taxes.
Flexibility Advantages and Predictability
| Flexibility | The Paramount Membership | Fractional Ownership | Jet Ownership |
|---|---|---|---|
| Guaranteed Aircraft Availability | Yes - 24x7 - 365 Days/Year with 10-hour notice |
Yes | Yes |
| Option to choose category and type of aircraft | Yes | No | No |
| Simultaneous Aircraft | Yes | No | No |
| One-Way Pricing | Yes | Yes | Varies |
| Client Service | 24x7 - 365 Days/Year, Access To Our Jet Executive Management Team | Varies | Varies |
| Funds on Deposit | Never Expires | Yes | Varies |
| Transferable | Yes | Varies | N/A |
| Exit Program At Any Time Without Penalty & With Full Refund Of Unused Balance | Yes with Interest | No | No |
| Free Upgrades | Yes | No | No |
| Bound By Contract | No | Yes | Yes |
| Blackout Periods | No | Varies | Yes |
| 48-Hour Cancellations &Changes | Yes | Varies | N/A |
| International Program | Yes | Varies | Varies |
