A Gulfstream G-400 during takeoff (Photo credit: Wikipedia)

The new start-up company named Jumpjet is open for business starting  October 1, 2012. Jumpjet offers a private jet service that is targeted toward first class fliers who are looking for an alternative.

Jumpjet claims they will be popular with the ”frustrated” premium passengers ”who’ve got nowhere else to turn,” says Will Ashcroft, jumpjet’s CEO.

Here is how it works

Members pay a $550 initiation fee that covers background checks and administrative costs to verify potential members on not on the “no fly list”. Once approved the new member gets to choose from one of the three different membership levels.

Upper Club– $2,350 per month gives you 10 round trips per year with flights 1,1750 miles or less.

Upper Club Plus– $3995 per month and customers get 10 round trips per year with the extended flight range of 2,250 miles.

Coast to Coast Elite-$5,500 per month with 10 round trip flights per year with no mileage limits.

Jump Share– This lets groups up to 10 go in together to purchase a plan. The group membership can then be split up and each one gets 1 round trip per year.

All of the options require a year long contract and you have to book your flight two weeks in advance. Each membership level allows a member to bring up to seven guests on-board for a fee of $1,250 per passenger for upper club and upper club plus and $2,000 for coast to coast elite members.

We are excited to see options for first class travelers and we think Jumpjet could be on to something. We will have to see how travelers respond to the services they offer.