Club 328, the Southampton-based executive jet services company, is inviting regular jet travellers to deposit #1 million in exchange for 25 flying hours per annum on a fleet of private aircraft all around Europe, as part of its "SkyBond' membership programme.

The deposit is fully guaranteed by a high street bank, according to the firm, promising a full refund after

six years.

Last month, the company began marketing to its first select group of companies. Only a few SkyBond memberships will be available in the first 12 months, the company said.

Much of the focus would be on highlighting its Beechcraft Premier 1 light jets, the first two of which entered service earlier this year. Two more are scheduled to arrive this spring. The aircraft are fast, spacious six-seater private jets with a range of up to 1,400 miles, enabling customers to fly throughout Europe.

Chief executive Mike Farge said: "If customers regularly use or envisage using private jets, then they will find SkyBond is a really intelligent way to fly. They can fly for business or take their families and friends for a vacation or a special occasion.

Our offer is to create a strong bond between private clients and Club328."