OneFlight International, the Colorado broker behind the BAJit jet card, took in 226.3 million dollars of jet card cash between January and early September 2026 and handed back 176.4 million dollars in bonus credits, discounts and waived fees, according to internal sales records reviewed by Private Jet Card Comparisons. That is almost 78 cents of free flying for every dollar received. In September, the month it paused all flights, the bonuses exceeded the cash: 8.7 million dollars against 7.4 million, or 116.6 percent.
The records turn a vague warning into a number a buyer can check before signing. The industry norm cited by the publication is one free hour for every 25 purchased, about 4 percent, with 10 to 15 percent described as generous.
What the sales records show
The publication analysed 1,309 transactions. In 41 percent of them, the bonuses and credits were at least equal to the cash paid. In 64 percent they were worth at least half. In 86 percent the customer received future flying worth at least 25 percent more than the money sent. Only 220 transactions were marked as new customers, bringing in 36 million dollars; the rest came from existing clients topping up. Including the bonuses, OneFlight owed about 400 million dollars of future flights from 2026 sales alone, before any balances carried from earlier years.
The monthly credit ratio ran from 56.2 percent in February to 89.7 percent in June, 83.8 percent in July and 116.6 percent in September. At least 17 deals gave customers who sent 250,000 dollars or more a further 250,000 dollars in credits plus ten free large cabin hours, which the publication values at about 660,000 dollars of flying for 250,000 dollars of cash.
Those dollar values are the publication's estimates, not OneFlight's prices. Private Jet Card Comparisons valued discounted card hours at 7,000 to 12,000 dollars an hour by cabin size and the free large cabin hours at BAJit's published 15,860 dollar rate for a Gulfstream G350, which it notes may overstate the cost. It excluded several items it could not price, so the ratio is an estimate in both directions.
Free Flying as a Share of the Cash Paid
Bonus credits, discounts and waived fees divided by cash received. Bars scaled to 120 percent.
Source: OneFlight International internal sales records for 2026, as reviewed and valued by Private Jet Card Comparisons (15 October 2026). Hourly values are the publication's estimates, not OneFlight's prices. The industry norm and the generous range are as cited by the same publication.
Why the arithmetic could not close
A broker does not own aircraft. It buys each flight from an operator and keeps the difference. Using the records, Private Jet Card Comparisons calculated that buying the promised flights at a 25 percent margin would have cost more than 300 million dollars, about 75 million more than the cash received; at a 12 percent margin, about 354 million, or 128 million more. A 2023 OneFlight investor presentation described flight profitability as "an elusive objective" since 2010 and projected gross margins of 3 to 12 percent on most flights.
Asked about the promotions in an interview on 10 September, chief executive Ferren Rajput told the publication: "The promotions are loss leaders, but those loss leaders drive a lot of business." An attorney representing Rajput declined to comment on the sales records report.
Where things stand
OneFlight said on 16 September that it was pausing all flight activity "for the next 30 days, or until further notice." That 30 day mark passed around 16 October with no reported restart, no published refund procedure and no bankruptcy filing. A delayed payroll was paid on 30 September. In mid October the PGA Tour's Myrtle Beach Classic named Visit Myrtle Beach its sole title sponsor for 2027, ending its partnership with OneFlight.
Seven lawsuits have now been filed, according to Private Jet Card Comparisons. Jeremy Ricks, in the US District Court for the District of Colorado, claims 580,461.42 dollars and alleges the company operated like a Ponzi scheme. Kamran and Sharri Jinnah paid 745,000 dollars in just over six months of 2026 and held an unused balance of 815,834.57 dollars in September. Gregory Deal, who paid 815,000 dollars across five deposits from October 2024 to May 2026, alleges a salesperson presented a 100,000 dollar matching bonus as a one-time "member-only exception." Every fraud or Ponzi claim is an allegation by a plaintiff, and none has been tested in court.
The check a buyer can run
The bonus-to-cash ratio needs no access to anyone's books. Add up everything offered on top of the deposit: free hours, matching credits, waived membership and complimentary upgrades, valued at the provider's own hourly rate. Divide by the cash being wired. If the answer is above about 10 percent, ask the provider directly how it pays operators for the flying it is giving away. If it is above 25 percent, the deal is being funded by something other than the margin on the flights.
The other checks still apply. What is the provider's business relationship with the operators, which 14 CFR Part 295 lets a customer ask? Will the Part 295 refund terms appear in the contract in plain language? And what financing statements are filed against the company? A UCC search in its state of incorporation answers that regardless of what the sales team says. In OneFlight's case, a future receipts agreement repaid at 163,821.42 dollars a week and a UCC filing of 31 August were both public before the pause.
What escrow does and does not do
Part 295 contains no escrow requirement, no requirement to segregate deposits and no financial fitness test. Private Jet Card Comparisons, in a follow up published on 16 October, set out what real escrow looks like: a neutral bank or escrow agent holds the money, in an account in the customer's name, and releases it only with the customer's consent and proof the flight was flown. A segregated account opened in the provider's own name, which the provider can draw on after each flight without a signature, is not the same thing.
Escrow is rare in jet cards. It costs a fee, each flight needs a release, and large programmes such as NetJets and Flexjet rely on their balance sheets instead. The publication also found no known case where escrow rescued a customer's money from a charter provider's bankruptcy, so it reduces exposure rather than removing it. Without it, a card holder is an unsecured creditor. When JetSuite's operating company failed in 2020, holders of about 50 million dollars in prepaid flights recovered between 3 and 15 cents on the dollar.
For a current OneFlight card holder
Keep every contract, statement, balance screenshot and wire confirmation, because any claim starts from a documented balance. Where a deposit went on a credit card, the issuer's dispute process may apply within its time limits; a wire transfer carries no equivalent right. Rival brokers including FlyUSA, Hera, Amalfi Jets, Fly Alliance and Unity Jets have offered credits, free hours or waived deposits. None repays the balance.
AVNET's look at jet card demand in one broker's half year and the comparison of fractional, jet card and charter cover what each product costs. The OneFlight records show the other side of the same question: a price far below what the flying costs is not a discount. It is a loan from the customer that the customer cannot see.