Friday, 5th September 2008

 

Not so private jet

The trick in surviving a downturn is finding little ways to economise while appearing to everyone else you are still living the high life. Leverage up to buy the yacht you’ve had on order and pay off the loan with your next reasonable bonus; forgo a new car but buy an extremely expensive watch. The one area in which it is hard to strike a compromise is air travel: commercial airlines, where even if you are sitting in the sharp end you still have to suffer the airports, or extremely expensive private jets.

But a new scheme called Jet Share launched by The Private Jet Club allows you to look like you’ve arrived when you arrive but also makes private air travel more affordable. (It also helps salve your eco-conscience.)

Instead of hiring a whole plane and leaving spare seats empty, Jet Share members can post flight details and itineraries to and from any destination worldwide. Other members then have the opportunity to select the most convenient flight itinerary and book the required number of seats.

If a convenient itinerary is not posted or available, members can charter their own jet and offer shared space to fellow members. The more members who use the flight the lower the individual cost.

However, you don’t have to risk the whole charter cost. If there is insufficient interest or the requirements change, you can simply cancel for a small administration fee.

It costs £150 (€189) to join (currently discounted to £50) followed by a monthly membership fee of £25. Flying costs are on average about 20% of the cost of a full private charter, so even if you only took one flight in 10 years it would still be cost efficient.

For further information, go to: www.thepjc.co.uk

  • Jet off in style Jet off in style

Brummel

Headline

Doing the Continental

Frank Sinatra had it about right: “It's very subtle, the Continental, because it does what you want it to do.” I had spent the morning driving down relatively busy A roads behind a Ferrari 599 but was perfectly happy that I had got the better of the deal. It’s no hardship being cocooned in the plush cockpit of a Bentley Continental GT Speed listening to John Humphrys detailing the latest travails of our benighted government.

Rich Monitor

Headline

Russia’s richest man increases his property interests

Russian tycoon Oleg Deripaska has raised his stake in the managing company of the emerging business district of Moscow City to 84% after buying out fellow oligarchs Prokhorov and Vladimir Potanin.

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347