07 September, 2022

Volato rewards flexibility with 'Stretch Jet Card Program'

Volato, the private jet company is introducing the Volato Stretch Jet Card, the first and only jet card that rewards itinerary flexibility when you book a flight on a private jet. The in-fleet Stretch Jet Card rewards flexibility by stretching flight hours with Stretch Credits, which accrue for flight time on Volato's fleet of luxury HondaJets. When a Stretch Jet Cardholder requests their booking, they provide their ideal departure/arrival airports, departure time and a range in which they can be flexible from a quarter day to a full day. When the flight is confirmed, should their departure time or airport vary from their request, they are rewarded with Stretch Credits: fractions of hours deposited into their Stretch Jet Card wallet, thus stretching their balance of hours.  

"The industry has received an influx of leisure travellers who now represent the majority of private jet card aviation usage," said Matt Liotta, Co-Founder and CEO. "The Stretch Jet Card was designed for this growing segment of people who enjoy flexibility in their lives and rewards them for it. We anticipate strong interest from those in existing, fixed schedule programs who can secure a Stretch Jet Card for supplemental lift and potentially reduce their cost of flying by being rewarded when they or their loved ones can be flexible." 

The Stretch Jet Card Program solves a business problem within the private aviation industry by maximizing the use of assets without providing operational stress. Volato's HondaJets are ideal for missions with up to four passengers, across three hours.

"The Stretch Jet Card not only rewards those that enjoy a flexible itinerary, but it also increases operational efficiency and revenue as we can allocate flights when our fractional fleet owners are not flying themselves," said LouAnn Gray, Sales Manager for Stretch Jet Card and Volato Charter. "As our HondaJet fractional owners receive a revenue share of every live mission, they are happy to see increased aircraft utilization without impacting their own travel schedules. It's a win-win." 

To take advantage of the Stretch Jet Card Program, customers: 

Request a flight with Volato's premier concierge team sharing their preferred departure date, time and airport, arrival airport, as well as itinerary flexibility from a quarter-day to a full-day  
Volato will work to accommodate the customer's exact request  
Volato will confirm the customer's itinerary 12 hours prior to departure  
If Volato requests a schedule change and the customer agrees, Stretch Credits will be rewarded based on the difference between the customer's requested departure time and the scheduled departure time; if the customer departs from, or arrives to, an executive airport other than, but close to, the requested airport. 

Customers are rewarded for their flexibility with Stretch Credits: time added to their Stretch Jet Card 

Quarter-Day Stretch = 0.1 hour Stretch Credit
Day Stretch = 0.2 hour Stretch Credit  
Full-Day Stretch = 0.4 hour Stretch Credit  
Airport Stretch = 0.5 hour Stretch Credit 

Volato's Stretch Jet Card rates: 

10-Hour Block = $55,000  
25-Hour Block = $137,500 
50-Hour Block = $275,000

Flight debits, credits, and other costs: 

Occupied and Repositioning Rate = $5,500 per hour including fuel
Receive 0.5 hour Stretch Credit for every hour of repositioning  
Additional expenses charged at cost  
Volato is uniquely positioned to be the industry leader in the private aviation sector by offering one of the largest and most modern fleets of HondaJets in the world, the only in-fleet jet card that rewards flexibility, and Volato Aircraft Management Services with a focus on HondaJets and large cabin aircraft. With IS-BAO Stage 2 and ARGUS Platinum safety ratings and accident-free history, Volato operates with the highest safety standards of any HondaJet operator. In addition, Volato offsets the CO2 on every gallon of fuel used by their HondaJets through a program with 4AIR, provides pilots with robust training and a balanced lifestyle, and offers an in-house maintenance program.