The Sanford Airport Authority (“SAA”), part of the Orlando Sanford International Airport, requires ground transportation businesses to hold a surety bond to be approved for a permit to operate. The $1,000 Ground Transportation Business Permit Performance Bond, provided by Jet, is a guarantee that compensation is readily available should a permittee fail to uphold its obligated duties and cause financial damages.
Should you choose to purchase your bond with Jet, you will be able to complete the entire bond process online within a matter of minutes, including the purchase. Jet offers the bond at a guaranteed price of $100 for one year.
Bond Term | Cost |
---|---|
Monthly | $10 |
1 Year | $100 |
Once the bond is purchased, it must be sent to the SAA at the following address. Jet will happily do this for you, or you can submit it yourself.
Sanford Airport Authority
1200 Red Cleveland Blvd.
Sanford, FL 32773
When your bond is up for renewal Jet will send a reminder to you via email and mail—all that’s needed is payment for the upcoming term and you’ll be set for another year. If you’re paying monthly, the payments will continue to come out of your account normally until cancellation is requested. Send Jet an email at [email protected] to cancel your bond.
The purpose of the Ground Transportation Business Permit Performance Bond is in the name; it holds permittees accountable for their ground transportation performance. By Jet providing this bond, the Sanford Airport Authority can rest assured they have a way to collect restitution should the permittee fail to perform up to standards. Should there be any instance of unjust actions, leading to financial harm, a claim could be filed by the SAA. If valid, Jet would make the claim payout. It doesn’t end there, though—because surety bonds only payout in situations of carelessness or fraud (which can be avoided), the permittee would need to restore the amount by paying Jet back.