How much to buy a Private JetWhat does it cost to buy a private jet?
Guidelines for private jet buyers
As with a vehicle, each airplane can be uniquely identifiable by an alpha-numeric character sequence that varies from country to country. Colibri Stone CEO Oliver Stone will discuss when to buy your jet, how to buy it as quickly as possible and what possible traps to be careful of.
What does it take to own a Jet? Dallas Jet International CEO Brad Harris reduces the operating expenses of ownership of a corporate jet.
It' s the best period in years to buy a business jet.
When you have failed to find a way out of the downturn to buy a corporate jet at a much lower price, the swing has turned back. The UBS World Jet Survey shows that new and used jet fares have bottomed out in 2009 and are expected to remain so this year. However, before you grab your cheque book, you will want some basic information - starting with some of the causes why the jet engine markets are trapped at low levels as the stock markets rise.
New and used aircrafts are a worldwide phenomenon, and while the US economies are developing quite well, much of the remainder of the globe is trailing behind. The General Aviation Manufacturers Association reports that more than 15,000 commercial jetliners have been shipped since 1994, peaking before the 2007 collapse of 1,317 commercial airliners.
As a rule, even 25-year-old company jet planes have less than 12,000 on them. Prolonged product evolution, lost talents and perceived markets are just some of the factors that make producers reluctant to reduce output. Even though listing rates for brand-new planes have risen continuously since 2012, today you can still buy a new jet much less than four years ago.
A number of purchasers are afraid of the 2008 jet season, which requires aviation and interiors. They can buy and then upgrade an older jet for tens of million less than the price of a newer aircraft with similar functions and capability. Corporate aircraft are more cost-effective than they have been for years. Interest tariffs that have traditionally been low make it possible to obtain funding that is attractively priced, and low petrol fares have also reduced running expenses - usually the largest individual position in terms of total running expenses.
And of course new jet engines are becoming more and more economical. As jet pricing was high, some purchasers turned to fractal jet owner programmes. If you leave a fractionated programme and spend more than 150 hrs per year flying, the entire property will provide more flexible and personalised service at a much lower overall price.
How much will your jet run? Purchasing is only one of the factors for running the system. Running cost includes petrol, insurances, personnel, servicing and other charges. But the good thing is that you can compensate for these charges by making your aircraft available for charters when you are not using it. To give you an impression of what your actual operational charges might be, here are five samples of jet aircraft in different pricing classes.
When you have a planes for sale, you can let them stop you. You can get a good deal on your airplane even in a sluggish one. When you upgrade, don't concentrate on the lower cost you get for your airplane. Concentrate on the lower cost you pay for the next jet.
Marginal spreads are the most important and in a down markt they are smaller. Crucial to this is the partnership with an incumbent corporate jet operator with a worldwide presence to find skilled purchasers or vendors. The most important conclusion: the enormous knowledge a full-service commercial jet operator can bring to help you buy, management, operate or buy a private jet.
You will be acquainted with the actual operating cost and will be with you after the takeover to make sure that you have made the right buy. Nothing should be taken for granted when it comes to jetliners. Successfully selling or acquiring requires comprehensive operating and compliance expertise, continuous focus on important detail and the ability to find and leverage every occasion through worldwide contact and relationship.
Owning aircrafts is complicated and requires specialist knowledge in the areas of security, crewing recruiting, air traffic co-ordination, aviation electronics and aviation servicing, insurances, regulatory matters and global operations, as well as a variety of other specialist areas. That buyers' mark- won't last forever. When you are interested in a commercial jet airplane, there may never be a better moment to buy a commercial jet.