...a Private Air Reserve is like an insurance plan. It takes away the pain and worry of finding reservations...
Chicago, IL (PRWEB) March 12, 2012
N-Jet, one of Chicago’s premier private jet operators, launched Private Air Reserve -- http://www.privateairreserve.com -- an online market that allows college basketball fans to buy and trade options for highly discounted private jet reservations to the NCAA championship in New Orleans. For $1,995, a Private Air Reserve can be purchased for a favorite NCAA team. If that team qualifies for the April 2 championship, the buyer has the right to charter an 8-passenger private jet to and from the game at a 75% discount.
“When the two winners for the final championship emerge, it usually sets off a mad scramble for travel reservations among passionate fans,” said Howard Seedorf, CEO and founder of N-Jet. “If your team makes it to the championship, a Private Air Reserve is like an insurance plan. It takes away the pain and worry of finding reservations, and removes the headaches of commercial travel.”
Eight people chartering a luxury mid-cabin private jet from Chicago to New Orleans would normally cost about $20,000. Although seats cannot be sold separately, the Private Air Reserve cost of $4,995 is less than $700 per person, and is comparable to traditional full-fare coach rates.
“Instead of enduring a back-of-the-bus middle seat, Private Air Reserve lets you fly at your preferred time in the luxury of a private jet, accompanied by seven of your friends without the delays, inexplicable last-minute cancellations, long lines, and other hassles,” adds Seedorf.
In order to become active, a “tipping point” of 15 Private Air Reserves must be met. Fans may then begin bidding and trading at different prices depending on the likelihood of a certain team qualifying. Unless the tipping point of 15 is not reached, Private Air Reserves are non-refundable. However, if the selected team does not qualify, N-Jet converts the $1,995 reserve into a $2,000 Jet Card for use on future travel (minimum purchase of $25,000).
If the selected team qualifies but the holder chooses not to exercise the reservation, N-Jet will provide a $5,000 Jet Card credit toward a future N-Jet private charter (minimum purchase of $50,000). If the winner decides to exercise the reservation but is suddenly unable to travel, N-Jet will provide a $10,000 Jet Card credit toward a future N-Jet private charter (minimum purchase of $50,000).
The Private Air Reserve market is built on a market-proven technology platform by TTR, Inc. The platform deploys Forward Markets in which fans conditionally reserve and buy/sell after-market reservations for high-demand tickets and services. TTR’s patented technology is the basis for Major League Baseball’s successful “Postseason Ticket Reservations” and TeamTix Reservations for numerous high-profile college football games, including the BCS National Championship Game.
N-Jet is an aircraft management company and FAR-part-135 certified on-demand air carrier with more than 33 years of experience in air transportation. All aircraft are owned by individuals or corporations and managed by N-Jet. With access to an alliance of luxury private jet operators, the company can secure access to the right aircraft to any destination around the world on a moment's notice. For more information, visit http://www.n-jet.com or http://www.privateairreserve.com.
TTR, Inc., the exclusive provider of technology and services to enable Forward Markets, connects passionate fans and consumers with the events, products, and content they seek through an open and transparent Forward Marketplace residing within the digital domain of the actual Rights Holder and in certain instances in the domains of their media partners and sponsors. The company is based in Lake Forest, Ill. For more information, visit http://www.ticketreserve.com.
NCAA is a registered trademark of the National Collegiate Athletic Association.