Secondary Market for Prepaid Flight Credits?

Old Mar 8, 19, 2:03 pm
  #1  
Original Poster
 
Join Date: Mar 2019
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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!
Col. John Matrix is offline  
Old Mar 8, 19, 2:10 pm
  #2  
 
Join Date: Sep 2011
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I doubt they're transferable but I could be wrong. Also sometimes (all the time?) they expire.
flyertalkrocks is offline  
Old Mar 8, 19, 5:16 pm
  #3  
 
Join Date: Jul 2018
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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
Balltoof is offline  
Old Mar 9, 19, 4:44 am
  #4  
 
Join Date: Mar 2018
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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.
msm2 is offline  
Old Mar 9, 19, 6:26 am
  #5  
 
Join Date: Oct 2006
Location: New York, NY
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Originally Posted by Col. John Matrix View Post
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 think it's going to vary -- 100k is not very much when it comes to full aircraft charter - so if you are saying 100k in credits with each - then that's different. Depending on the program they may have expired or not. If you have a NetJets share or lease you would have been paying monthly management fees regardless of flying, so it might be a jet card - I believe depending on what type the hours are valid for up to 24 months. I don't think Sentient deposits expire. I know from my personal experience (other providers) you can't sell the credits - however I know some companies have markets where members can sell or trade to each other.
Nicoolio is offline  

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