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How Can You Tell If Private Jet Ownership Is Right for You?

Private Aircraft Supply and Demand

The supply of private aircraft on the market currently is high in historical perspectives, and the relatively soft current demand has pushed prices of preowned private aircraft to all time lows. At the same time as private aircraft manufacturers want to keep their operation at full capacity, they are offering great sales incentives to buyers right now. Those recent trends have caused a modest uptick in private jet sales as buyers are taking advantage of the market oversupply. Aviation consultants and industry professionals have reported seeing a recent rise in the number of first time private plane buyers, brought into the market by today's relatively bargain prices for private jets.

Financial advantages of ownership versus chartering or Fractional ownership

How can one determine the relative advantages of charters, jet card user status, fractional ownership as compared to private jet ownership and which makes the most sense for you? The decision to buy a private aircraft is driven by three considerations: status, financial, and operational. The status issue is purely and completely a personal one and can only be judged by the persons themselves. The financial issue relates to potential savings in direct travel costs or possible tax benefits of outright ownership as compared to alternative means of private flight travel, typically charters, jet card or fractional ownership - used currently by the prospective buyer. Visit here Private Jet

Operational reasons for private ownership

The ownership of a private airplane can transcend the cost and status considerations and make ownership the preferred solution even if it's a more expensive one than the other alternatives. Let's consider each.

Financial Considerations

Air charter and jet cards are great ways to enjoy the benefits of private travel. But once you reach a certain level of aircraft usage, typically above 200 hours of flight time per year it can cost less to buy and use your own jet than fly those same number hours chartering, using a jet card, of even through fractional jet ownership.

But calculating the point at which ownership is less costly than other options isn't simply a matter of toting up flight time and determining hourly costs. The kind of flying you do, the places you go, the number of travelers on the aircraft also play a role in the economics of ownership. For example, ownership is much more cost effective if you primarily fly round trips, avoiding deadheading costs or multi-day hangar and ground handling fees and airline tickets home and back for the flight crew. If you primarily fly one way, a fractional ownership share or a jet card could be a better solution than full ownership, because fractional and jet card costs are based on one-way flights.

If you utilize the same category of aircraft for your flights at least 80 percent of the time, private ownership can also make economic sense. However, if your mission changes regularly, traveling long range on some flights, short to mid-range on others, sometimes with just one or two colleagues, other flights with a whole team, then looking to purchase a private airplane would not make much sense, no matter how sweet the deal, because one category of aircraft would not serve the majority of travel needs. Charter could be better for this scenario, because you can always select the right aircraft for each flight. Some fractional ownership programs and jet cards allow customers to select among three or four aircraft categories (light, mid-size, super-midsize and large cabin/long range jets) and use more than one aircraft simultaneously, providing another option for fliers who need access to several categories of aircraft.

But when considering owning a private jet, don't think only about the flights you're making now. Think about the ways your organization could use an aircraft - to see clients, prospect for new business, manage far flung business operations. Don't be surprised if you come to the conclusion that not having a private jet is costing you plenty in missed opportunities.

Operational Considerations

Owning a private airplane is far more than simply a matter of saving money over other forms of private air travel, or even taking advantages of opportunities that would be unavailable otherwise. The advantages of private jet ownership can make financial considerations secondary, and these benefits should also be weighed when considering whether to buy a private aircraft.

If you often need to make flights on short notice, or have an unpredictable schedule or planned route, the total access that ownership provides is its own greatest benefit. With your own private plane, there is no minimum call out time, no concern that all the charter aircraft are booked when you need to make a critical flight. Even jet card and fractional ownership programs may take hours to sometime days during busy time periods like holidays to make an aircraft available.

The safety and security of outright ownership is another benefit that transcends cost considerations. As the owner of the aircraft, you know the crew and the configuration of the aircraft. In fact, some corporate executive insurance policies stipulate travel and security conditions and provisions for key executives that practically dictate travel by private jet.

For many owners, the sheer convenience, ease and comfort of traveling aboard one's own airplane is reason enough to have a private jet. Personal items can be kept on the jet and the cabin can be outfitted and appointed to the owner's taste. The aircraft becomes like a home away from home.

Getting Expert Help

If your wonder how the above or other issues you may have considered and wonder if a private jet purchase would make sense, consulting an expert aviation professional for advice is the best possible step to take. The private aircraft sale process is a complex transaction requiring input from an aircraft professional, a tax advisor and a legal consultant and involves complex negotiation, detailed extensive paperwork and takes significant time and possibly multiple document revisions, as mistakes in aircraft selection or negotiations can be very expensive. Working with an experienced aircraft broker, aviation attorney and others who specialize in the purchase and sale of private aircraft, will ensure you make the right choice and pay the best possible price for your private airplane.

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Elite Jets And Private Travel

Private jets are available in many different sizes including light jets, mid-sized jets, super-mid-sized jets and heavy jets.

Wide ranges of jet chartering services include advantages such as no more long lines at airports, no more security delays, complete discretion and of course, reduced flight time, as private jets are not restricted to conventional routes or commercial airports.

Private jet travel allows us to connect the highlights of each country and continent for you, in safety and comfort. Click here Charter Flight Cost

In addition with most private flights an assigned expert travel consultant can arrange for restaurant reservations, hotels, vacation resorts and other entertainment events. 

Private flights offer the following advantages: Private jet flights do not require lengthy waits and frequent unnecessary delays at commercial airports Private jet flights do not expose you to embarrassing scrutiny at commercial airport security screening positions and wont expose you to the nuisance of nosy or noisy seat partners.

Flights allow you to select your departure time and location. With private travel, you can receive background reports on the flight crew, and verify their credentials and ID before boarding.

Your allowed to select the traveling companions on your flight. Select the exact services and service levels you and your party desire. With most charter services creative itineraries, exclusive on-board educational programs, and unsurpassed service and accommodations make for a one-of-a-kind travel experience. The better flights are arranged with the utmost security, safety and can be supplemented with any additional luxury services desired, from hairdressers to masseuses, with full service catering, entertainment, limousine services to and from the airports.

As commercial airlines have cut back in service and been beset by security requirements, corporations and affluent individuals have flocked to private jet services to satisfy their needs for convenient, secure and enjoyable jet travel.

For those considering a private jet, it helps to enumerate the difficult-to-quantify benefits. Private jet travel is sometimes considered an indulgence, and indeed it's a stretch to justify a flight on cost alone.

A typical New York-to-Florida one-way flight costs $8,000 to $20,000 for a six-passenger jet, depending mostly on whether the plane goes home empty or not. But most private flyers cite the twin benefits of time savings and convenience as dominant in their decision-making.

By understanding the advantages first-hand, you'll be in a better position to evaluate the use of private jets on a per-trip or per-year basis.

Charter Jet services offer the following advantages:

Charter Jet services do not require aircraft ownership management headaches.

Do not burden your budget with any aircraft maintenance expense.

Allow you to select the optimal aircraft for the distance of your trip.

Charter Jet services allow you to select the most comfortable aircraft for the number of passengers on your flight.

You can depart from the airport most convenient to your point of origin, not from the location of your plane.

All and all, if your business or personal travel involves frequent trips to destinations with smaller airports nearby; and you can make productive use of in-flight time with family or colleagues; and you have special customers or partners who could collaborate en route, then private jets deserve serious consideration. In fact, the more of these that apply to your travel needs, the more likely private jets represent a smart choice.