From the archive
Private AviationOneFlight offered US$500,000 of jet card flying for a US$250,000 deposit
The Memorial Day promotion asked clients to prepay; four months later the broker paused all flights, with about US$300m of deferred client payments on its books.
Event: 18 May 2026 · Added to Luxury Assets News: 16 October 2026
First reported 18 May 2026. The paragraphs on the September halt were added from reports of 15 to 23 September 2026 and are dated.
Written with AI by the Luxury Assets News desk. How we work.
OneFlight International, a charter broker that also trades as BAJit, offered US$500,000 of flight credit for a US$250,000 deposit in a Memorial Day JetCard promotion on 18 May 2026, a prepayment that, as it turned out in September, it held without escrow.
The client paid US$250,000 in advance for credit with a face value of US$500,000. OneFlight’s advertising said clients could choose from over 7,000 jets without a broker, although OneFlight is itself a broker, offering instant online booking without human intervention. It had also just completed its second year as title partner of a PGA Tour event.
On 16 September 2026 OneFlight confirmed on its website that it had paused flights, which had been reported on 15 September as lasting at least 30 days.
When flights stopped, OneFlight had built up around US$300m in deferred revenue, according to documents reviewed by Private Jet Card Comparisons. OneFlight, like most programmes, does not escrow those funds, and clients with prepaid flights rank as unsecured creditors in a bankruptcy. By 23 September 2026 customers had filed lawsuits against the company, one of them alleging a Ponzi scheme.
Signs of strain came before the pause. In August 2026 OneFlight emailed clients that it was imposing a 35 per cent economic surcharge with immediate effect, then withdrew it within hours. A former sales director wrote to the chief executive in September 2020 that the business model was no longer sustainable.
Key issues: our analysis
- Deposits not held in escrow
- Prepaid clients unsecured in a bankruptcy
- Surcharge imposed and withdrawn within hours
This brief records the event as it stood on its date. Later developments are dated in the text or in newer reports, linked below.
Sources
- Source: Private Jet Card Comparisons · 18 May 2026
- Source: Private Jet Card Comparisons · 15 September 2026
- Source: Private Jet Card Comparisons · 23 September 2026
How this was produced
This archive piece was prepared with AI from the linked reporting and published through automated editorial checks. For information only; not financial, investment, tax or legal advice. Editorial standards · Corrections.