flyExclusive and JetQuity Unveil Residual Value Guarantee Program for Private Jet Investors
flyExclusive, Inc., a private FAA-certified air carrier, announced it is introducing the JetQuity Protect residual value guarantee program for fractional owners of its Cessna Citation CJ3+ fleet. Fractional owners who pay a one-time fixed fee can secure a minimum value for their share through participation in the program. After five years, the program guarantees a minimum residual value, ensuring owners can sell their aircraft share at the guaranteed price regardless of market conditions or depreciation, with no upper limit on the share value.
“Transparency and innovation are at the core of our fractional model and continue to differentiate us in the marketplace,” said Brad Blettner, Chief Revenue Officer of flyExclusive. “The JetQuity Protect program offers a compelling proposition to our fractional customers by creating easier planning and certainty in their investment. We’re proud to further simplify the process of owning a private jet share and provide our customers with a best-in-class experience along the way.”
flyExclusive has the second-largest fleet of Cessna Citation aircraft, ensuring fractional owners have access to an extensive range of Light, Mid, or Super-Mid aircraft without monthly management fees.
Learn more about JetQuity programs here:
https://jetquitysolutions.com/programs
Instacart Integrates Retail Media Data with YouTube Shopping Ads
Instacart is enhancing YouTube Shopping advertisements by integrating its retail media data, starting with brands like Clorox, an Instacart partner. Publicis Media clients are also set to test the initiative. Brands will leverage Instacart’s first-party shopper data to create offsite campaigns to prompt viewers to place orders through the delivery platform. The integration is part of a trend among retail media networks to extend their presence beyond their platforms and capitalize on the expansive reach of offsite channels. YouTube facilitates the ability for Instacart advertisers to engage with consumers while browsing the internet, scrolling on phones, or watching television. The goal for brands like Clorox is to convert consumers more quickly from the consideration stage to the purchasing stage via engaging video content.
“This is really our first integration in shoppable video. It’s also an area where we got a lot of interest from our mutual CPG partners,” said Ali Miller, Instacart Vice President of Ads.
The move toward retail media integration comes amid the growing Connected TV (CTV) landscape, which has proven highly competitive for retail media networks. Instacart’s plans include facilitating more flexible consumer interactions across various devices and platforms, not just CTV.
Miller, who has previously worked at YouTube, added, “CTV is an incredible landscape and canvas to lean into, but we didn’t want to limit ourselves to one modality of consumer attention and interaction. Our marketplace model can power a lot of flexibility.”
Learn more about YouTube Advertising options:
https://www.youtube.com/ads/
Apple Halts Buy Now Pay Later Service Ahead of New Apple Pay Features
Apple shuttered its buy now, pay later (BNPL) service, Apple Pay Later, less than a year after its launch. Current Apple Pay Later users will still be able to access and manage their loans through the Apple Wallet app. News about the service discontinuance was announced ahead of the launch of new Apple Pay features on iPhones in the fall. The new features will allow Apple Pay users to make purchases and access Affirm installment loans.
Apple said in a statement, “With the introduction of this new global installment loan offering, we will no longer offer Apple Pay Later in the U.S. Our focus continues to be on providing our users with access to easy, secure, and private payment options with Apple Pay, and this solution will enable us to bring flexible payments to more users, in more places across the globe, in collaboration with Apple Pay-enabled banks and lenders.”
A Lending Tree survey showed that more than 40% of American consumers have used BNPL services. Typically, consumers are encouraged to borrow more and increase their spending through the service, which often leads to accumulating debt and missed payments. According to the Consumer Financial Protection Bureau (CFPB), BNPL loans surged to $24 billion in 2021, a substantial increase from $2 billion in 2019. Buy now, pay later loans have since come under scrutiny, with regulators introducing rules to protect consumers. In May, the CFPB mandated that BNPL lenders provide the same protections as conventional credit cards, including the right to dispute charges and receive refunds after returning purchases made with BNPL loans.
Unlock the full Lending Tree survey here:
https://www.lendingtree.com/personal/bnpl-survey/
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Original Article Links:
flyExclusive and JetQuity Launch Residual Value Guarantee Program
Instacart plugs retail media data into YouTube Shopping ads to fuel offsite growth
Apple discontinues its buy now, pay later service in the U.S.