Ease and comfort of flying on your own aircraft is enough reason

The amount of private aircraft available on the market is currently historically high however the rather weak demand is pushing prices of used private aircrafts to new lows. While private aircraft makers want to ensure that their operations are running fully operational they are offering attractive incentives to customers right now. Recent trends have resulted in an increase of a small amount in sales of private aircraft as buyers are taking advantage the current market surplus. Aviation experts and industry professionals have noticed an increase on the part of first-time private jet buyers, who were brought in by the current low prices for private aircrafts.

Private jet charter companies

Benefits of owning a business over chartering or fractional ownership

How do you determine the benefits from charters, jet cards status as a user, and fractional ownership versus private jet ownership, and which is the best choice for you? The decision to purchase an aircraft privately is determined by three aspects including status, financial and operational. The issue of status is solely and solely a matter of personal preference and is only judged by the person who owns it. The issue of finances is the possibility of savings on direct travel expenses or tax advantages of owning outright 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 private aircraft can go beyond costs and the status of the aircraft and lead to ownership being the most desirable option, even if it’s higher cost than other options. Let’s look at the pros and cons of each.

Financial Factors

Jet cards and air charters can be great options to experience the benefits of private traveling. Once you’ve reached the level of use, usually over 200 hours of flying per year, it could be cheaper to purchase and use your own plane than to fly the same hours chartering with the jet card, or even with fractional jet ownership.

However, determining the point at which ownership becomes cheaper than alternatives isn’t just a matter of adding flight time to your calendar and calculating hourly cost. The type of flying you perform, the destinations you travel to, the amount of passengers in the aircraft are all factors that affect the financials of owning. In particular ownership can be more affordable in the case of primarily round-trips, which means you avoid deadheading fees or multiple-day hangar and ground handling costs as well as airline tickets back and forth for your flight crew. If you typically travel one way or more frequently, fractional ownership shares or jet card might be more suitable as opposed to full ownership, since the costs of fractional ownership and jet cards are based on single-way flights.

If you are using the same type of plane for all your travel for at least per cent of time, then private ownership could also make financial sense. If your purpose is constantly changing, such as traveling at a with a long range on certain flights, and short- to mid-range on other and sometimes with only two or three people, or others with a full team, then attempting to purchase a private aircraft is not a good idea regardless of the sweetness of deal it is, as the same type of aircraft will not be able to meet all of your requirements for travel. 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 allow passengers to choose from three or four categories of aircraft (light medium-sized, super-midsize, and large long range cabin jets) and can use 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 do not only think about the flights you’re flying right now. Consider ways that your company could benefit from the aircraft to meet with customers, find new business, and manage remote business operations. Don’t be shocked if you discover that the absence of an aircraft that is private will cost you a lot in missed opportunities.

Operational Questions

Private aircraft ownership is much more than an issue of making money over other types of air travel that are private, or even gaining access to opportunities that aren’t available otherwise. The benefits of owning a private jet can be a reason to consider financial considerations less important to the benefits, and they should be taken into consideration in deciding whether to purchase an aircraft for private use.

If you frequently need to fly at short notice or have an unpredictability in your itinerary or plan The total accessibility that owning your own plane is the most significant advantage. With your own private aircraft you will not have to worry about a minimum time for calling out and no need to worry that 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 high-demand times such as holidays to have the aircraft available.

The security and safety of having ownership of the aircraft outright is an additional advantage that is greater than costs. Since you are the owner you have a complete understanding of the crew and the layout for the airplane. In reality, some policies for executive insurance of corporations stipulate security and travel conditions as well as specific provisions for top executives that effectively dictate travel on a private jets.

Many owners appreciate the convenience, ease and comfort of flying on your own aircraft is enough reason to own private jets. Personal belongings can be stored in the aircraft and the cabin could be fitted and furnished according to the preferences of the owner. The plane becomes an apartment far from the home.

Assistance from an Expert

If you are wondering about you can resolve the above issues or any other you have thought about and are wondering whether a private jet purchase is the right choice, speaking with an expert aviation professional is the best option to do. The process of selling a private aircraft is a complex process that requires input from an expert in aviation as well as a tax advisor 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 negotiations or choosing the right aircraft could be costly. A professional and experienced aircraft broker, aviation lawyer and others who are experts in the sale and purchase of private aircraft can ensure that you make the best choice and get the most competitive cost for the private plane.