How does Paramount Business Jets’ service compare to services like NetJets and Wheels Up?
NetJets and Wheels Up are both excellent products and they both own and operate their own fleet. Gama Aviation operates nearly 100 planes for Wheels Up and NetJets operates over 700 private jets. Paramount Business Jets does not operate or own aircraft and are a brokerage with access to over 4,000 certified and premium jets using various operators which they offer to their clients.
The fractional model is the most expensive with lots of commitments and upfront costs and ideal for clients who fly more than 50 hours a year. For under 50 hours, NetJets offers a fixed hourly jet card via its subsidiary Marquis Jets, also at premium rates.
NetJets and Marquis Jets offer Light, Mid and Large jets while Wheels Up offers Turboprops, Light jets, and Midsize jets. Paramount offers Turboprops, Very Light Jets, Light, Mid, Super Mid, Large and VIP airliners.
The aircraft selection at Paramount is wide when compared to NetJets and Wheels up however NetJets and Wheels Up offer consistency in how their specific aircraft are outfitted and their pricing. Paramount uses third-party safety ratings and over a decade of client feedback to put together the finest fleet. Clients are able to specify the age of the aircraft that they prefer at Paramount.
When it comes to cost, Paramount is the most cost-effective and has the least amount of commitment. There are no upfront costs for their debit Jet Card model or on-demand charter. Clients approve and choose aircraft on a per-trip basis.
NetJets – Fractional which is best for clients needing over 50 hours per year
Wheels Up – Closed fleet Jet Card best for clients needing 25 to 50 hours per year
Paramount Jet Card – Best for clients needing 25 to 50 hours per year
On-demand Charter is best for clients needing less than 25 hours per year which Paramount offers as well.
Learn more about the different private jet access models.
Comparison of pricing for different aircraft categories
Wheels up offer the King Air 350 turboprop after an upfront membership fee of $17,500 USD, for $4,695 USD per hour. NetJets does not offer props and Paramount offers the King Air 350 for around $2,200 USD per hour and no upfront cost. The difference is that Paramount may offer older or newer aircraft, whereas Wheels Up will be consistent with age and interior configuration. Often, older aircraft have newer interiors as well.
A light jet from NetJets’ Marquis Jets starts at around $6,600 USD per hour, Wheels up starts at around $7,600 ISD per hour and Paramount starts at around $2,700 USD per hour.
With Marquis and Wheels Up, clients do not have to pay for repositioning fees. With Paramount, repositioning fees may come into play. However, the potential repositioning fees are already included in the higher cost of Marquis’ and Wheels up’s fixed pricing.
Which private jet model is the best?
NetJets (Fractional and Fixed-rate Jet Card via Marquis,) is the premium and most expensive product.
Wheels Up (Fixed rate card on a few aircraft types, mostly prop and light jets,) is the second most expensive.
Paramount Business Jets (Debit Jet Card on open fleet and On-Demand Jet Charter,) are the least expensive and have the least amount of commitment.
All three products complement each other and are based on serving specific client needs and preferences. Clients can even choose to combine all three products to gain the ultimate value and cost savings.