Private jets are really wonderful to experience, believe me… but the cost involved in acquiring one could be quite expensive. As for private jet price, depending on the make, model and size, to purchase one outright, you might be looking at spending between 5 and 65 million dollars. Not too terrible, if you are able to afford it. Now, while owning a private jet might seem to be the most convenient form of jet access, it may also be the most expensive. And by expensive, I am not only talking about money here. Allow me to explain…
With only ownership, you are of course fully responsible for the initial purchase price, licensing, regular registration fees, hangar fees, airport fees, pilot for hire, regulations, flight logging data, fuel costs, fuel expenditure logging, maintenance and the list goes on (and on) – and bear in mind, most of these things can represent a constant price of quite a pretty penny indeed, even if the airplane never leaves the hangar. Owning a private jet may be a dream of yours, but if you’re a mite jittery about taking on the massive private jet cost in exchange for a bit of luxury, it could be pretty darned difficult to write out this very first check. Even when you’ve found private jets for sale at an auction, and picked one up for only a tiny few million, the continuing private jet cost is the very same, and without reduction.
But with private jets, sale prices can fluctuate greatly. Among the things to consider when you buy a private jet is the variable of flying range and jet size, which can vary private jet price considerably. By way of instance, if you chose to purchase a light jet, perhaps a Learjet for example, which can average at about $5 million or so to purchase, the airplane would hold between six to eight passengers, with approximately a 1,500 mile flight range without refueling. You’ll need to precisely understand what particular realm your needs reside in, in order to decide on the ideal make and model that is right for you. Charter a couple of short flights to get the feel for each major type. You might discover moderate jets are more to your liking than light jets, such as a Hawker 800, for instance.
Aircraft fractional ownership of a personal jet, sharing it with one co-investor, can provide greater travel flexibility at half the cost of sole ownership, however many aviation experts warn that most aviation partnerships eventually sour. Aircraft fractional ownership can start at 1/16 of a share (that is 16 owners of just one plane), which may be as low as roughly about $400,000, for say, a Hawker for instance. That generally allows for approximately 50 hours of flying time. This would equate to be approximately $8,000.00 per hour of flight – on a cost per hour of flight basis, that’s not much cheaper than a charter jet service in any respect. But aircraft fractional ownership has never been easy – why? Perhaps you have experienced the headaches of time-sharing a condominium? Yeah, that’s why.
Additionally, you may be a 1/16 shareholder, but those who have 1/8 or 1/4 shares are those whose needs are fulfilled, and only if they aren’t using it, then you can. Where on the totem pole will you be? All that having been said, fractional ownership can be economical, and is ideal for those companies or individuals who fly about 100-150 busy hours a year or more. Needless to say, chartering a few flights to feel out which version suits you the best, does have the obvious benefits before contemplating buying one, whether it’s a complete or fractional purchase you’re leading to.
Perhaps the biggest problem is that while you might feel that aircraft sole ownership or even aircraft fractional ownership may appear to be less pricey (at least as much as the initial purchasing cost) than a charter jet service, the simple fact is that even if you own one, solely or in part, you will still end up employing a charter jet service a number times in addition to it all anyway. Why is this so? Quite often, your jet simply might not be available. It may be undergoing maintenance, it might be used by another (possibly”higher”) shareholder, it might be caused by any number of a large collection of things, and further (and perhaps most cripplingly), it might simply not suit your specific needs at that time. What do I mean?
Alright, let’s say you own a light jet, but you want to transport 12 passengers – are you really going to make two trips? That would be somewhat odd, to say the least. For a lot of reasons, even in the event that you shell out a few million for a private jet, or a couple of hundred-thousand for 1/16 of (and only 50 hours ) a private jet, you just will still invariably shell out more to a charter jet service, and on more than 1 occasion. Why chemical your flight expense?
Instead of all of the hassle, all the maintenance, the down time, the countless regulations and expenses, as well as the more-than-occasional unavailability of aircraft ownership or aircraft fractional ownership, with chartering on top of it all, it appears to make far more sense simply to rely on jet charter services independently. This holds true if you’re an individual who would fly less than 150 hours annually, and even companies which would use even more flight time.
Fundamentally, chartering represents less labour, less hassle and much less restrictions – that last factor being the very important here. No restrictions are what we are looking for in the whole private jet experience in the first place, right? When you charter a private jet, you can choose from a fleet of models, sizes and kinds, and you can book a flight anytime you desire, even within a tiny couple of hours, and reach over 5,000 airports rather than the under 500 airports of commercial airlines.
Private jet charter still allows you to fly in privacy and security, avoid delays at airports needing to remove shoes, unpack notebook computers and other personal things. If you use jet charter services, you are able to fly the exact aircraft you desire. Let’s say you only want to fly alone or with 5-7 passengers, on a two hour flight… leasing a turboprop or a very light jet would cost a good deal less for that single flight than a Hawker 800 of your own in that exact same instance, or even a 1/16 of one.
Do you see what I mean? Most importantly, you only pay for a single plane – the one you need at this time, and whatever kind or version you desire. After all, you’ve got access to an entire fleet (a very prestigious idea, by the way), always at your disposal, and you do not share them with anyone except those you would like to bring with you on your travels.
Myself, I am greedy – I do not want to need to deal with, or wait for, any other shareholders’ consent (s) to fly my damned jet. I want the whole thing, and I need it now. I want a Learjet now and a Hawker tomorrow. I want my free catering and my in-flight spa. I want 100% accessibility, right when I need it, and that’s always now. Think about it… is not that what flying by private jet is really all about?
So many services thrown in along with top-class flight, otherwise unrealized by people who don’t charter. It’s a very good idea even if you wish to obtain a jet outright, to try at least one model of each size jet, perhaps even a little Cessna turboprop. Try out a couple of short charter flights in order to get the feel for what you need and want from a personal jet. You will also need to get used to using a charter jet service, because even should you buy a jet, you’ll still need them eventually. They really come through when you are in a bind, and can be a real godsend.