NetJets Europe has released the new NetJets Corporate Card, which it claims will radically reduce the cost of corporate jet travel for businesses throughout Europe.

The card allows users to buy 25 hours of flight time on a Citation Bravo for example, for 115,000 euros (£79,000). The cost on a Hawker 800XP is 191,000 euros and and on a Falcon 2000 is 271,000 euros.

Customers wanting more than 25 hours can buy extra hours in five hour increments, with no upper limit.

Customers have up to two years to use up the hours which they have bought and those who use the card for day returns will be given bonus hours.

A spokesman said: “Customers will be able to fly on their jet with as little as 10 hours’ notice from any airport in Europe, from St Petersburg to Seville, from Stockholm to Sicily.

“In addition, card holders will also be able to use up their hours on the NetJets US fleet when travelling in the US; they will increase the productivity of their senior executives and create an advantage over their competitors.”