Starting from Thursday, The Five Hotels & Resorts will accept bookings for their exclusive 16-passenger private aircraft.
Experience an unparalleled private jet journey offered by a prestigious luxury hospitality company owned by Indian businessman Kabir Mulchandani. The 16-passenger aircraft promises non-stop entertainment, embodying the lavishness for which Five Holdings is renowned in the realm of extravagant party hotels and resorts.
Dubai-based company, Five Holdings, announced on Thursday the commencement of reservations for Fly FIVE, their exclusive party plane. Equipped with a distinctive “gust belt” for passenger safety, the aircraft features immersive LED lighting and a spacious bedroom complete with a luxurious king-size bed. Travelers can now book flights lasting up to 12 hours, ensuring an unforgettable experience.
Starting from Thursday, The Five Hotels & Resorts is offering reservations for its exclusive 16-passenger private plane. Promising an immersive experience right from the start, Kabir Mulchandani, the Chairman and Founder of Five Global Holdings, referred to the company as an entertainment entity, as he personally owns the aircraft.
Who can book the plane?
Flights are open for booking to anyone interested, allowing reservations for seats on the plane for trips lasting up to 12 hours.
What is the total cost of partying on the plane?
Indulging in a private jet party comes at a price of Rs 11-12 lakh per hour, excluding relocation expenses. A round-trip ticket from London to Dubai would amount to nearly $195,000, which is similar to the cost of a first-class ticket with Emirates Airlines when considering the entire journey.
Amidst the COVID-19 shutdown, witnessing a surge in the private jet market, Mr. Mulchandani made the decision to acquire the aircraft.
In August 2021, Mr. Mulchandani reached an agreement for the purchase and signed the contract a few months later, with no expectations of making profits from the jet. He considered it a crucial marketing tool for his brand, and when it’s not booked, he and his business can utilize it. Interestingly, Mr. Mulchandani managed to secure discounted fuel costs for five years, demonstrating impeccable timing. While he didn’t disclose the purchase price, he estimates the market value of the jet to be between $80 million and $85 million.
Mr. Mulchandani stated that the aircraft needs to accumulate 200 flight hours per year to reach a break-even point.