How much is a Private Jet to buyWhat's the price of a private jet?
faction property vs. charter aircraft - the possibilities for private jet travel are diverse and complex.
Issues to be asked before purchasing a business aircraft
All the following issues just scrape the face of what a potential purchaser needs to know when purchasing a corporate jet. However, it is a start, but a purchaser can refer to a Jet Broker/Acquisition Advisor to identify which jet is best for him. How far is your trip typically?
Purchasing a jet with a cruising distance of more than 3,000 mile makes no business if 90 per cent of your travel is within the United States. If more than 10 per cent of your flight exceeds 3,000 mile, a jet with a capacity of 6,000 to 8,000 mile may be recommended non-stop.
Think also of the fact that remoteness is good for you. Possessing a jet will save your valuable amount of travel that can be used to extend your geographic reach 3,000 mile beyond your home charter area. One big problem is how much space is sufficient. The more you stay at your goal, the higher the expenses. Expenses for a home hanger are not compensated by the expenses for the hanger of a place of use.
What can an owners compensate by making his jet available for charter? Yacht chartering is a way to cut cost, but not one that will likely eliminated it. In essence, Chartering brings you into the mainstream of the corporate aviation industry, a sector that is now required to make profits. Moreover, more than the carriers, charter is a cycle activity; in some years it is high, in others not so high.
Conversely, it makes financially good to charter your airplane if you, as an agent, are flying the airplane less than 150 hrs per workweek, observed Bud Ackerman, a private jet brokers and canvasser. What's the point of travelling in a private jet instead of first grade? 1st Class travellers are charged for one passenger per ticket.
Privately owned jet travellers are paying for a single aircraft. Getting a first-category flight between Los Angeles and New York with one person is much less expensive (e.g. $1,600 per leg), not so much for ten (e.g. $16,000 per leg). Conversely, the scale of a private jet needed to travel non-stop across the Pacific makes first-category air travel aboard a jet with over 600 seats an economical no-brain.
Comfort and leisure are the great benefits of the private jet. Private aviation removes airlines, makes the owners responsible for schedules, houses baggage that is not provided by merchant aircraft, and provides kitchen and other facilities that are not provided by merchant aircraft. Smaller private aircraft can also arrive at aerodromes that cannot handle conventional aircraft, a big plus for time-sensitive businessmen.
Are there any pros and cons of having airplanes compared to hiring a jet? Hiring an aeroplane means hiring, so it is understandable that the flight expenses per person are usually more for a chartersman than for an air charterer. Charters typically are $2,800 per 1 hr for a lightweight jet, $3,900 per 1 hr for mid-size and $4,500 or more per 1 hr for large jet.
But for the hirer the cost already ends there. According to the National Business Aviation Association, the cost to the owner of a jet for operation and maintenance is between 700,000 and 4 million US dollars. The charter provides a flexible approach to the number of accommodating guests and the non-stop reach of the airplane. Yearly flight times are based on the percent of property owned.
E.g. an eight will buy 100 hrs fly, an eight 50 hrs, etc. In contrast to full possession, however, partial possession does require prior notification before the aircraft takes off. Up to three working day. Further topics are agreements when not all available working times are used, the costs for working times exceeding the allocation per working day, and the costs when a journey lasts less than one of these.