The convenience, ease and comfort of travelling on an aircraft of their own
The amount of private aircraft available on the market at present is very historically high however the rather weak demand is pushing prices of used private aircrafts to new lows. While private aircraft makers want to maintain their operations full they are offering attractive incentives to buyers at the moment. Recent trends have resulted in an increase in sales of private aircraft as buyers take advantage of the oversupply of aircraft in the market. Aviation experts and industry professionals have noticed an increase on the part of first-time private jet buyers, who were brought to the market due to today’s low prices for private aircrafts.
The financial benefits of ownership over chartering or fractional ownership
What are the benefits from charters, jet cards owner status, fractional ownership, and private jet ownership, and which is the best choice for you? The decision to purchase an aircraft for private use is influenced by three factors that are status, financial and operational. The issue of status is solely and solely a matter of personal preference and is only viewed by the person who owns it. The issue of finances is the possibility of savings on direct travel costs , or the potential tax benefits from outright ownership in comparison to other methods of private flights generally jet cards, charters or fractional ownership, which are utilized by the potential buyer.
The operational reasons behind private ownership
The privilege of owning a private aircraft can go beyond price and prestige considerations and can make ownership the best option, even if it’s more costly option than other options. Let’s take a look at the pros and cons of each.
Financial Factors
Jet cards and air charters can be great options to experience the advantages of private travel. Once you’ve reached the level of utilization, which is typically over 200 hours of flying time each year, it may cost less to purchase and operate your own aircraft than to fly the same hours chartering using the jet card, or even fractional ownership of a jet.
But calculating the level where ownership is more affordable than other alternatives isn’t as simple as taking flight times into account and calculating hourly cost. The type of flight you perform, the destinations you travel to, and the amount of passengers in the aircraft can also affect the cost of owning. In particular ownership can be cheaper when you mostly fly around the clock, eliminating deadheading charges or hangars that last for a long time and ground handling costs as well as tickets to and from the airport for your flight crew. If you only travel in one direction and only one way, a fractional ownership share or jet card might be a better option as opposed to full ownership, since the costs of fractional ownership and jet cards are based on single-way flights.
If you use the same type of plane for all your travel for at least percent of times, then private ownership may also make sense. If your purpose is constantly changing, such as traveling at a with a long range on certain flights, or short to mid-range for others often with two or three colleagues, other flights that require a complete team, then attempting to purchase a private aircraft will not be a great idea regardless of how sweet deal it is, as one type of aircraft might not be able to meet all of your traveling needs. Charter is a good option for this kind of scenario because it is possible to select the appropriate aircraft for each flight. Some fractional ownership plans and jet cards permit customers to choose between the three or four aircraft categories (light medium-sized, super-midsize, and large long range cabin jets) and operate more than one aircraft at the same time offering another option to passengers who require access to various categories of aircraft.
If you’re thinking about purchasing an aircraft for private use Don’t just think about the trips you’re taking today. Consider the ways in which your business could benefit from having an aircraft to visit clients, look for new business, and manage distant business operations. Don’t be surprised if find yourself concluding that the absence of an aircraft that is private will cost your business a lot of opportunities.
Operational Aspects
The advantages of owning a private plane are far more than just an issue of making money over other types of air travel that are private, or even making use of opportunities that wouldn’t be available otherwise. The benefits of owning a private jet can reduce the need for financial considerations to the benefits, and they should be taken into consideration in deciding whether to purchase private aircraft.
If you frequently need to fly in a short time or are on a sporadic itinerary or plan The total accessibility that ownership offers is the biggest advantage. With your own private aircraft you don’t have a limit on when you can call out or worry about whether all charter aircraft are in use for when you require the flight you need to make. Even fractional and jet card ownership programs can take from up to a few days or hours during peak times like holidays to get the aircraft available.
The security and safety of owning the aircraft is a further benefit that goes beyond costs. Since you are the owner you have a complete understanding of the crew and the layout that the plane has. Actually, certain policies for executive insurance of corporations stipulate security and travel requirements and specific provisions for top executives that basically dictate the travel of private jets.
For many , the convenience, ease and comfort of travelling on an aircraft of their own is a reason enough to get private jets. Personal belongings can be stored in the aircraft and the cabin is furnished and decorated to the individual’s preferences. The plane becomes the home far from the home.
Get Expert Advice
If you’re wondering how to handle you can resolve the above issues or any other you have thought about and you are wondering whether purchasing a private aircraft is a good idea, contacting an expert aviation expert for advice is the most effective step to do. The process of selling a private aircraft is a complicated transaction that requires the assistance of an aviation professional along with a tax adviser and a legal expert. It involves a lengthy negotiation process, lengthy paperwork, and requires a lot of time, and may require multiple revisions to documents, since mistakes in the selection of aircraft or negotiation could cost you a lot. By working with an experienced aviation broker, aviation lawyer and others who are experts in the sale and purchase of private aircraft will help you make the best choice and get the most competitive cost for the private aircraft.