Payments received by Princejets.com in payment for charter flights will be paid directly into a client deposit account and held in trust until such time as the payment becomes due to aircraft operators. Payments for charter flights will be made to the operator from the client deposit account in sufficient time to clear the operator’s account in full, at least 24 hours prior to the last-time close of banking (during normal banking hours) before the flight departure time.
How save is my money?
Through the use of a deposit account for charter flight payments Princejets.com offers its clients complete peace of mind, and the security of knowing that their monies paid to Princejets.com for flights can only ever be used to pay the operator for the charter flights they have booked. In the event that Princejets.com has an administrator, receiver, trustee or any other person or entity appointed over a part or all of its assets or business, such entities will have no claim over the funds held in the deposit account which will be available solely for the payment of monies owed to the aircraft charter operator.
In the event of a member cancelling their confirmed flight, and where cancellation fees fall due as set out in the operator’s terms and conditions, then client funds which are held in the client deposit account will be used to settle any cancellation fees owed to the operator before any balance of funds are then returned to the member.