Not interested in Jet republic?

[pt-wind]

Private jet company offers $1m discount

A UK-based private jet company is slashing prices of its Learjets by $1m (€715,000) as part of a part-ownership buy-back programme, in an attempt to garner interest from cost-focused clients.

Jet Republic is launching the Free to Fly programme, which lets members purchase a brand new Learjet 60 XR in full for a negotiated price of $13.5m compared with $14.6m, as part of a five year buy-back scheme.
The scheme allows 200 flying hours per year without paying hourly fees. After five years, Jet Republic will guarantee to buy back the aircraft from the owner at 50% of the original cost.
This is an estimated annual saving on the operational costs of owning a mid-size jet of $2.1m per year - over a five year period equal to $10.5m, said Jet Republic.


JR offering guarantees! Against what security?? In the event of financial failure, what protects the owner from being stuck with his asset and unable to sell it back to Breezy! Don't tell me the administrators would cough up 50%...

Perhaps someone will post the small print of who's the guarantor