Secondary Market for Prepaid Flight Credits?
I am new to these forums, and am an executive in the finance department of a company with a significant (~$100,000) balance of flight credits with a NetJets / JetSmarter / Sentient Jets / JetSuite-type provider. These credits were purchased under my company's prior owner and our account hasn't been used in several years. If possible, we'd like to sell these credits at a substantial discount to someone who would actually use them.
My question is: is there a "secondary market" for unused flight credits with these types of providers, or are there brokers that would be interested in purchasing these credits at a discount? I haven't reviewed my company's contract with our provider yet, so I don't even know if it's legally an option, but curious if this is something that is ever done. Thanks in advance for the help and please go easy on me as a new user! |
I doubt they're transferable but I could be wrong. Also sometimes (all the time?) they expire.
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Why not just call the company to find out if they are transferable first? And some of the providers you’ve listed do have credits that expire so I would make sure they are still good |
NetJets / Sentient Jets all expire normally within 18 to 24 months unless your company had a special deal with them. I would first find out what exactly they have and then would call the companies to see if they are still valid.
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Originally Posted by Col. John Matrix
(Post 30863512)
I am new to these forums, and am an executive in the finance department of a company with a significant (~$100,000) balance of flight credits with a NetJets / JetSmarter / Sentient Jets / JetSuite-type provider. These credits were purchased under my company's prior owner and our account hasn't been used in several years. If possible, we'd like to sell these credits at a substantial discount to someone who would actually use them.
My question is: is there a "secondary market" for unused flight credits with these types of providers, or are there brokers that would be interested in purchasing these credits at a discount? I haven't reviewed my company's contract with our provider yet, so I don't even know if it's legally an option, but curious if this is something that is ever done. Thanks in advance for the help and please go easy on me as a new user! |
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