Reasons for Owning an Aircraft
Aircraft ownership is still popular even when there are alternatives like jet charter, fractional ownership, and jet cards. Some people say they want to fly with the same aircraft for a long time. Some people say that they also want the same people as their flight crews and maintenance mechanics for their aircraft. Another factor is you flights are more economical.
When you have a personal aircraft the hangar fees, insurance, property taxes, interest, maintenance, and crew expenses are the same all throughout. Yearly flight fees would demonstrate that these are the same regardless of the duration of those air times. Fees that involved fuel consumption and extra flight time maintenance are what changes most of the time. Personal aircraft flights are still cheaper than the expenses incurred with a chartered aircraft flight.
You will see how cost-effective personal aircraft flights are since overhead expenses are balanced out by your savings for each travel. There is no suggested maximum number of flights before you can feel its cost-effectiveness. Flying more times with a personal aircraft is the best decision to be more economical with travel.
It is important for companies to know what you expect from an aircraft when you travel. Companies want to know your preferences in an aircraft’s passenger capacity, destination, number of flight hours, cabin size, and luggage capacity are. Destinations will then dictate the aircraft’s routes, costs, and flight times, and you have to share those with the company. After those are discussed, companies will identify aircraft that will fit those needs. Each aircraft’s approximate operating and capital budget is then offered to you. Categorizations like heavy, midsize, and light are assigned for aircraft. If what you want is outside those categories there are other options that can offer what you need.
If you have decided on a particular plane model then it is time to check if it is up for sale. An aircraft’s latest closed sale and current listings will be the basis for the purchase price. You can negotiate for the best price in the market with the right timing.
If you have your aircraft already then a management company can help you in placing it on charter certificate. A charter certificate helps in mitigating your operational cost. Your aircraft will be up for those chartered flights as posted management companies. With a few chartered flights each year the profit can cover the ownership cost.
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