Private jets are a joy to travel on, trust me… however, the cost involved in purchasing one is quite costly. For private jet costs dependent on the model, size, model, and make If you decide to purchase one for sale it is possible to look at between 5 to the 65-million dollar mark. This isn’t too bad should you be able to afford it. While having a private jet may appear to be the most convenient method of access to private jets but it is also the most costly. When I say costly, I’m not just talking about the cost of money here. Let me clarify…
If you own the aircraft solely and sole responsibility, you’re entirely responsible for the purchase price, as well as licensing and registration fees. hangar fees, airport charges pilot hire regulations, flight log data including fuel costs, maintenance, logging of fuel expenditures, and up (and on) Be aware that the majority of these items could be a continuous expense of a fair cost even if the aircraft does not leave the hangar. The possibility of owning a private plane could be something you’ve always wanted to have but if you’re little nervous about committing to the enormous private jet price in exchange for a touch in luxury, it might be a bit difficult to cash the first payment. Even if you’ve stumbled across private jets available for auction and bought one at a price of just a few milliondollars, the actual cost of a private jet is exactly the same and without discount.
However, with private jets the prices for sale can differ dramatically. The most important thing to think about when buying private jets is the flying distance and size and size, which could affect the in price for private jets. If, for instance, you choose to buy one that is lightweight, such as such as a Learjet for instance with a price that can range from approximately $5 million to purchase, the aircraft will hold anywhere from six to eight passengers, and has 1500 miles of flying range without fueling. It’s important to understand the particular area that your requirements are in you to choose the model and make that is best for you. Take a few flights to experience the feeling of each type. Medium jets are more your style than light jetslike an Hawker 800, for example.
The fractional ownership of an aircraft on private aircrafts, which share it with one co-investor allows for greater flexibility in travel with a fraction of the cost of single ownership, however, experts in aviation advise that all aviation alliances eventually fail. The problem is aggravated by the fact that more owners hold shares in the aircraft. Aircraft fractional ownership could start at 1/16 of shares (that’s 16 owners of one plane) that could range from around $400,000 for, say the Hawker for example. It typically provides about 50 hours of flight time. This is 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. However, aircraft fractional ownership isn’t easy. what’s the reason? Have you ever been through the difficulties of sharing an apartment? Yeah, that’s why.
Additionally, you could be a shareholder of 1/16, however, shareholders with one-quarter or 1/8 shares will be those whose requirements are first addressed in the first place. If they don’t use the shares, you are able to. There’s a certain “pecking order” to deal with. Which way up the totem pole would you be? After all that stated, fractional ownership can be affordable, and is ideal for businesses or individuals who travel between 100 and 150 hours per each year and more. It is true that scheduling a few flights to see which model is the most suitable for you will provide you with the benefits prior to deciding on a purchase regardless of whether it’s an all-inclusive or a fractional purchase that you’re committing to.
The biggest issue is that you may believe that sole ownership of an aircraft or even fractional ownership might appear to be more affordable (at most, at the initial cost of purchase) than the charter jet service but the truth is that even the case that you own an aircraft either in whole or in part and in part, you’ll have to use the charter jet service 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 and it could be due to any one of of issues, and even (and possibly the most damagingly) the jet may 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’re required to carry 12 people – are you planning to travel on two flights? It would seem odd at the very least. Many reasons exist, and even if you pay several million dollars for a private jet or a few hundred thousand on 1/16 (and just 50 hours of) an aircraft that is private however, you will always pay more for charter jet services and many occasions. What is the reason to increase your cost of flight?
Then there’s the hassle and hassle of maintenance and downtime as well as the numerous regulations and fees, and the sporadic inability to access aircraft ownership or fractional ownership with chartering added on top of that the idea makes sense to rely solely on jet charters. This is particularly true for someone who is flying under 150 minutes a year, or even businesses that require even more time in the air. Truthfully the whole thing is being written off as business expenses when all is done and dusted.
In essence, chartering means the least amount of work, less stress and fewer restrictions – the latter is the most crucial one. There are no restrictions, which is the main thing we want in the entire private jet experience to begin with, aren’t they? If your private jet is chartered you can pick from a variety of sizes, models and designs and can reserve a flight whenever you want, even within only a couple of hours and connect to more than 55,000 airports, instead of smaller than 500 airports that are operated by commercial airlines.
Private jet charter allows you to fly in peace and security, and avoid delays at airports where you have to get rid of shoes, take out laptop computers , and other personal belongings. If you choose to use jet charter , you’ll be capable of flying the exact aircraft that you’d like to fly. For instance, if you just want to fly on your own or with 5-7 people, during a 2-hour trip… using charter services an turboprop or a light jet will cost much lower for just one flight than an Hawker 800 on your own or even a fraction of one.
Do you understand what I’m talking about? It’s just more logical and is a lot less stress. In addition, you pay only for one aircraft – the one you’re using currently and the model or type you’d like to purchase. You can access the entire fleet (a highly prestigious concept to be sure) and are all at your fingertips and you’re not sharing them with anyone other than the ones you want to take along on your journeys.
Myself, I’m rich I don’t want be forced to negotiate, or wait for investors’ permission(s) to fly my damned aircraft. I want everything and I’m ready to get it today. I’d like to fly an Learjet today, and the Hawker next week. I’d like my complimentary catering and my spa in-flight. I’d like to have 100% access at any time I want it and that’s always right today. Take a look… Isn’t this the reason why flying on a private jets is really about? In other words, what is it that we are spending our money on?