Transparent Private Jet Charter Pricing – A New Take on Corporate Fiscal Responsibility
By Dan Quigley and Arman Motiwalla
A leading organization in the charter aviation community, Paramount Business Jets is widely known for it’s dynamic corporate culture that promotes and rewards ethical trade practices, social responsibility to its stakeholders and now transparency in all aspects of charter jet pricing to their members. With numerous Fortune 500 companies still reeling from the effects of the recent economic slump, aviation departments and budgets have become more stringent in their spending and critical of how their money is spent. Attempting to take the “guess-work” out of traditional on-demand charter jet pricing, Paramount Business Jets, a Boca Raton – FL based private jet charter company has come out with a straight forward transparent approach to securing aircraft charters. Through their transparent Jet Card Membership Program, Paramount exposes the true wholesale aviation charter market directly to their Membership Card Holders. While expertly representing their members in the marketplace, all broker discounts and negotiated discounts are passed on in whole to the member, enabling the member to more accurately understand the pricing differences between operators and the value of Paramount Business Jet’s wholesale pricing vs. retail charter rates.
Eric Ammon, Senior VP Sales and Services, Paramount Business Jets has this to say,
“Because of the way Brokers typically shield their markups in the total price, customers automatically feel they are negotiating with the Broker and never know if they are receiving a fair price for their specific charter. Paramount removes the used car salesman’s mentality and allows the customer to feel confident they aren’t paying a dime more than necessary.”
As part of the transparent approach to business relationships, Paramount Business Jets offers customers the option of four distinctive levels of membership, each allowing for a fixed management fee of 10-15%, and providing cost savings of 20-40% below current market pricing. Furthermore, Paramount Members are exempt from paying the industry required 7.5% Federal Excise Tax on commissions due to the structure of their new pricing program. A new approach to charter jet pricing and one that instills a sense of loyalty and trust with all their clients, Paramount Jet Card members see exactly how much their flights cost as well as any negotiated fees charged by the broker firm. The intent of course is to show to their members that Paramount’s management fees are the most cost effective on the market and provide significant value to the consumer with each and every trip.
Paramount Business Jets’ Jet Card members, customers and operator partners have come to expect unsurpassed excellence in Paramount’s safety, culture, value, convenience and service.
With more than 15,000 aircraft available and preferred rates through more than 1,500 industry partners; Paramount’s partnership programs and transparent business model may just pave the way for a sweeping tide of related moves and market maneuvers throughout the aviation industry.
“Paramount’s way of doing business is absolutely going to effect the marketplace.” Ammon says “brokerages will have to become transparent in their pricing in order to stay competitive.”
Paramount was founded in 2005 in New York City by Richard Zaher, a graduate of Embry Riddle Aeronautical University, an Aerospace Studies major, pilot and entrepreneur. Neeraj Kamdar, an Aerospace Engineer and a graduate of Georgia Tech joined Paramount shortly after its inception and serves as the Chief Operating Officer. While focusing on business development, research into the industry and careful market analysis, Zaher and Kamdar steadily built a select membership and employee base for 3 years before offering charters to the general public. Today, Paramount Business Jets is on the leading edge of research and technology development into the corporate and business jet market and employs some of the most experienced specialists in the private jet industry.
As a company that focuses very heavily on research and development, one of Paramount’s primary company mandates is education. Their website www.paramountbusinessjets.com boasts the most comprehensive private jet charter resource online with in-house developed cost efficiency and time and distance calculators, airport database and proximity tools, instant jet charter quoting system and the largest selection of private jet empty legs in the world with listings of hundred’s of luxury empty leg charters updated daily offering cost savings of up to 75% on empty scheduled flights. In addition, Paramount offers specifications and images of every aircraft type available for charter worldwide, ranging from executive helicopters, turbo props, very light jets, midsize jets, large jets to chartered VIP airliners.
Author: danquigleypbjThis author has published 1 articles so far. More info about the author is coming soon.