Jumpjet, launched earlier this year in the U.S. only, offering memberships that allow passengers a certain number of trips per year on charter aircraft that serve 40 U.S. cities.
For example, with Jumpjet, you could sign up to the Flexible Upper Club membership, costing $1,500 a month, $18,000 annually. For your buck, you get ten guaranteed round trip flights, guests for $1,000 extra each, complimentary frequent flyer trips and a one-time registration fee of $550.
Varsano and Ashcroft seemingly are gunning for different markets, with the former aiming for the big-spenders while Ashcroft's business is tailored to seize on the "frustrated premium class airline traveller."
Ashcroft, explaining the U.S. market where he operates, said, "Here, the distances are so great, yet the airline service is atrocious. The domestic system is a mess: the cancellations, the delays. This country, on average, has between 570 and 670 million airline passengers per year. Of that, about 10 percent are the premium classes. They have nowhere to go, the airline service isn't getting any better."
Ashcroft wants to conquer this market with a business approaching its first full-year this January.
Meanwhile, Varsano says his jet dealership isn't just for the ultra-high-net-worth clients: he said that a lot of start-up companies come to his Hyde Park office, and he argued, "Over 70 percent of all corporate jets in the world are flown by middle-management people. It's not necessarily the bad image of some fat cat with a cigar and some champagne, that's not what corporate aviation is about."
Of course, later on, while Varsano was showing the shop's interior, designed like the inside of an Airbus 319, he did reveal a humidor that some clients like to use when visiting.
While Varsano and Ashcroft aren't direct competitors—and Varsano noted that many his clients will allow companies like Ashcroft's to use their jets when they're in use—both are seeking expansion into each other's markets.
"Absolutely, international is our goal," Ashcroft said, "Our five-year plan is to have a presence in Latin America, United Arab Emirates, and Asia, and we will assess Africa." Varsano hopes to bring The Jet Business store-front, face-to-face model to New York eventually.
So should you buy or should you become a Jumpjet member? The answer, according to Varsano, is actually quite simple.
"If you're not flying your air plane 150 to 200 hours a year, you really shouldn't buy one. You should just rent one. We're the first people to advocate that."