Startup JumpJet offers exec fliers a relatively affordable flexible private jet package

JumpJet is accepting members starting today for flights that begin November 1. Photo by Andy Rusch.

Start-up Jumpjet officially debuts its new private jet service today. The company is launching a drive for new members as the company aims to fill a niche that its founder says falls somewhere between fractional jet ownership and the market for first-class fliers on traditional airlines.

Jumpjet members pay a $550 initiation fee that covers administrative costs and the price of vetting potential members against the government's "no-fly list." If approved, members choose from one of three packages, the cheapest of which starts at $2,350 flights per month.