““CEOs go to their vacation homes just after companies report favorable news, and CEOs return to headquarters right before subsequent news is released. More good news is released when CEOs are back at work, and CEOs appear not to leave headquarters at all if a firm has adverse news to disclose. When CEOs are away from the office, stock prices behave quietly with sharply lower volatility. Volatility increases immediately when CEOs return to work.” —David Yermack, a New York University finance professor, whose recently released study shows a correlation between when CEOs take their private jets on vacation and movements in their companies’ stock price ”
Notable Jet Card Providers
DELTA PRIVATE JETS, deltaprivatejets.com, 877-541-3548. Delta Private Jets Card provides access to light, midsize, super-midsize and large-cabin jets from Delta’s managed and owned fleet and a network of approved charter operators. No interchange fee or fuel surcharge. Card purchase bestows SkyMiles Diamond Medallion status on Delta Airlines.
FLIGHT OPTIONS, flightoptions.com, 877-703-2348. The 25-hour JetPASS Select card provides model-specific access to the Flight Options fractional fleet. Aircraft interchange permitted. Card can be split to guarantee access to more than one category of aircraft.
JET AVIATION, jetaviation.com, 888-430-5387. PT Jet Card delivers access to light jets (including Beechjet 400, Citation Bravo, Learjet 31), midsize models (Citation XLS, Hawker 800XP, Learjet 60) and large-cabin aircraft (Challenger 604, Falcon 900EX) from Jet Aviation’s managed fleet. Cards sold in category-specific 10-, 25-, 50- and 100-hour increments. Category interchange allowed.
MAGELLAN JETS, magellanjets.com, 877-550-5387. Offerings include 10-Hour Very Light Jet Card for access to Eclipse 500 VLJs and Wi-Fi Jet Card guaranteeing access to Wi-Fi-equipped jets. Two free flight hours with Hawker 800XP 25-hour card.
MARQUIS JET, netjets.com/marquisjetcard.com, 877-556-5823. Marquis Jet Card by NetJets uses NetJets’ fractional fleet, comprising nine models ranging from light to large-cabin jets. Combo cards available for 12.5 hours apiece on two aircraft types. U.S. members can access the NetJets Europe fleet and European clients can access the U.S. fleet.
NICHOLAS AIR, nicholasair.com, 866-935-7771. Model-specific Blue Card provides access to Embraer Phenom 100, 300 and Pilatus PC-12 single-engine turboprop in increments from 15 to 60 hours, customizable to any denomination. Interchange allowed. No expiration on card.
SENTIENT, sentient.com, 866-602-0051. Sentient Jet Card/25-Hour card provides guaranteed access to mega charter broker Sentient’s fleet of light, midsize, super midsize and large-cabin jets from selected operators. A 25-hour card provides category-specific aircraft in two quality classes, Preferred and Select. One-way and roundtrip pricing available.
XOJET, xojet.com, 877-599-6538. Preferred Access card provides guaranteed access to fleet and trip-by-trip pricing. Coast2Coast card is aimed at travelers who fly crosscountry more than three times per year and provides 25 hours of transcontinental travel at discounted rate on Challenger 300 and Citation X jets.