Jet Republic Launches 'Free to Fly' Program

Business Jet Traveler » August 2009
Tuesday, September 1, 2009 - 5:00am

Portugal-based Jet Republic's new "Free to Fly" program offers clients what appears to be a somewhat different twist on standard fractional-share deals. Buyers purchase an entire Learjet 60XR, which the company will buy back at 50 percent of original cost in five years. In the interim, buyers can enjoy tax depreciation benefits and fly 200 hours per year without paying hourly fees, a savings of about $1.8 million annually, according to Jet Republic. (More flight time is available at an hourly rate.) The deal includes a flight attendant on each trip and access to a worldwide concierge service.

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“When you get into the larger aircraft it becomes like a hotel, with dozens of staff supporting the plane based in a galley area down below. You have very comprehensive cooking facilities, and on larger aircraft we have looked at theatres, with spiral staircases and a Steinway grand piano. The limitations for what you can put inside a plane are pretty much the limits of physics, and even money cannot always overcome that. Even so, people are still always trying to push [the limits]. ”

-Howard Guy of Design Q, a UK-based consultancy