Private jets are a joy to fly on, I promise… however, the cost involved in purchasing one can be very expensive. For private jet costs dependent on the model, type, make, and model If you decide to purchase one for sale it is possible to look at between 5 to 70 million dollars. It’s not too much, should you be able to afford it. While having a private jet may appear to be the most convenient way to gain access to private jets however, it could also be the most costly. By expensive, I’m not only talking about the cost of money here. Let me clarify…
As the sole owner the owner is entirely responsible for the purchase cost, the licensing fee and registration fees. hangar fees, airport charges and pilot for hire regulations, flight log data and fuel costs, as well as maintenance, logging of fuel expenditures, and up (and on) Be aware that many of these expenses are a continual cost that is quite a amount even if your plane does not leave the hangar. A private jet may be something you’ve always wanted to have but if you’re little nervous about committing to the enormous private jet expense to enjoy a little bit in luxury, it could be quite difficult to cash the first payment. Even if you’ve stumbled across private jets available for auction and purchased one at a price of just a few milliondollars, the actual cost of a private jet is exactly the same and without discount.
With private jets however sales prices can vary significantly. The most important thing to think about when buying an aircraft for private use is the the range of flight and the size of the jet and size, which could affect the significantly for private jets. For instance, if you choose to buy one that is lightweight, such as such as a Learjet for instance that costs approximately $5 million to purchase, the aircraft could accommodate between six and eight passengers, and has 1500 miles of flight without fueling. It is essential to know the specific area your requirements are in determine the best model and make that is best for you. You can charter a few brief flights to feel of each type. Medium jets are more appealing than light jetslike the Hawker 800, for example.
A fractional ownership aircraft of private aircrafts, which share it with one co-investor could allow for more flexibility when traveling with a fraction of the cost of single ownership, however, numerous aviation experts caution that the majority of aviation alliances eventually fail. This issue can be aggravated by more owners who hold shares of the aircraft. Aircraft fractional ownership could start at 1/16 of one share (that’s 16 owners on one plane) This could go as low as approximately $400,000, for an Hawker for example. It typically provides about 50 hours of flight time. That’s approximately $8,000.00 each hour. On an hourly cost of flight basis. That isn’t much less than a charter flight service in any way. The fractional ownership of aircraft isn’t easy. whyis that? Have you ever had the stress of sharing time in an apartment? Yeah, that’s why.
Additionally, you could be a shareholder of 1/16, however, those who have 1-1/4″ shares are those whose requirements are first met in the first place. If they don’t need the shares, you are able to. There’s a certain “pecking order” to deal with. What place on the totem pole would you be? With all this mentioned, fractional ownership may be a good value and is ideal for people or companies that fly around 100-150 hours of occupied time per calendar year, or even more. Naturally, taking a few flights with a charter company to see which model will work best for you will provide you with the benefits prior to deciding on a purchase for yourself, regardless of the size or fractional purchase you’re contributing to.
The biggest issue is that you may believe that sole ownership of aircraft, or even fractional ownership of aircraft could be cheaper (at most, at the initial cost of purchase) than charter jet services but the truth is that even the case that you own an aircraft either in whole or in part it is likely that you will be using charter jet services several times over the top of that. Why is this? It is quite common for your jet may not be in operation. It might be in maintenance or may be utilized by a different (perhaps “higher”) shareholder or it could be due to any one of of issues, and even (and possibly most terribly) you might find that it does not be suited to your particular requirements at the time. What does this mean?
Okay, let’s suppose you have a small jet, however, you have to carry 12 passengers . Are you planning to travel on two flights? This is odd at the very least. Many reasons exist, and regardless of whether you pay millions for a private jet or a few hundred thousand to get 1/16 (and only 50 hours) an aircraft that is private it is still spend more money on charter jets and many occasions. What is the reason to increase your cost of flight?
Then there’s the hassle with all the maintenance and downtime with the numerous rules and costs, as well as the frequent lack of availability of aircraft ownership or fractional ownership, and chartering added on top of that It makes more sense to rely solely on jet charters. This is especially true for one who travels under 150 minutes a year, or even if you’re a business who require more time in the air. Truthfully that it’s all being written off as a business expense after all is completed.
In the end, chartering is the least amount of work, less stress and fewer restrictions, this last one is the most crucial one. The absence of restrictions is the goal of the entire experience of a private jet at the beginning, isn’t it? If the private plane you hire you can pick from a variety of sizes, models and styles and reserve a flight whenever you want, even within just a few hours and fly to over five thousand airports instead of less than 500 airports operated by commercial airlines.
Private jet charters allow passengers to fly with privacy and safety, avoiding delays at airports where you have to get rid of shoes, take out laptops, computers and other personal belongings. If you opt for jet chartering, you’re in a position to fly the aircraft you want. For instance, if you just want to fly on your own or with 5-7 other passengers for a two-hour journey… using charter services an turboprop or a light jet will cost significantly lower for just one flight than an Hawker 800 on your own or even a 1/4 of one.
Do you understand what I’m talking about? It’s just more logical and is a lot easier to manage. The most important thing is that you pay only for one aircraft – the one you’re using in the present and any model or type you’d like to purchase. In the end, you’ll are able to use the entire fleet (a extremely prestigious idea to be sure) which is all at your fingertips and you’re not sharing the planes with anyone else, except for those you’d like to bring to your next trip.
Myself, I’m rich I don’t want be forced to negotiate, or wait for additional shareholders’ permission(s) to fly my damned aircraft. I want everything and I’m ready to get it today. I would like to fly a Learjet today, and an Hawker next week. I’d like my complimentary catering as well as my in-flight spa. I’d like to have 100% access at any time I want it and that’s right the case. Take a look… aren’t this what private jets is all about? If not, then what is it that we are spending our money on?