How Can You Tell If Private Jet Ownership Is Right for You?
Private Aircraft Supply and Demand The number of private aircraft in the marketplace is very high in comparison to historical data and the relatively low demand is pushing prices of preowned private aircraft to all-time lows. While private aircraft manufacturers are trying to keep their operation at full capacity they are offering amazing sales incentives to buyers right now. Those recent trends have caused a modest uptick in sales of private aircraft as buyers have taken advantage of the oversupply of aircraft in the market. Aviation experts and industry professionals have been reporting an increase in the number of first time private aircraft buyers, who were brought into the market by today's affordable prices for private aircrafts. Visit:- Benefits of owning a business over chartering or Fractional ownership How can one determine the pros and cons that charters offer, jet cards user status, fractional ownership as in comparison to private jet ownership, and which makes the most sense for you? The decision to buy private aircraft is determined by three factors including status, financial and operational. The question of status is an entirely and completely personal and is only judged by the persons themselves. The financial aspect is a matter of the possibility of savings on direct travel costs or possible tax benefits of ownership outright as compared to alternatives to private flight travel, typically charters, jet cards, or fractional ownership which is used at present by potential buyers. Private ownership is a private business with a purpose. The private aircraft can go beyond cost and status considerations and lead to ownership being the most desirable choice even though it's a more expensive one than the other alternatives. Let's examine the pros and cons of each. Financial Considerations Jet cards and air charters can be great options to experience the benefits of private traveling. However, once you have reached a certain amount of usage, typically above 200 hours of flight per year, it might cost less to buy and use your own jet than fly those same number hours of chartering time, with the jet card, or even fractional ownership of a jet. But determining the threshold that ownership is more cost-effective than other options isn't merely a matter of toting up flight time and determining hourly costs. The kind of flying you do, the places you goto, and the number of passengers aboard the aircraft can also affect the economics of ownership. In particular, ownership is significantly more affordable if you primarily fly round trips, avoiding deadheading expenses or multi-day hangar and ground handling fees and airline tickets back and forth for the flight crew. If you only fly one way, then a fractional share of ownership or a jet card may be a better solution than full ownership, because the costs of fractional ownership and jet cards are based on one-way flight. If you utilize the same category in aircraft to fly for at least 80 percent of times, then private ownership can also make economic sense. However, if the purpose fluctuates frequently, with longer range on certain flights, or short to mid-range on others, or with just a couple coworkers, or on other flights with an entire team, the idea of purchasing private aircraft does not make sense regardless of the sweetness of the offer, since one kind of aircraft could not suit the majority of traveling needs. Charter may be the better option for this scenario, because you are able to choose the most appropriate aircraft for any flight. Certain fractional ownership programs and jet cards allow passengers to choose from three or four aircraft types (light, mid-size, super-midsize and large cabin/long range jets) and can use more than one type of aircraft at once offering another option to fliers who need access to multiple categories of aircraft. If you're thinking about purchasing the luxury of a private jet do not only think about the flights you're currently taking. Consider ways that your organization could use an aircraft to visit customers, find new business, or manage distant business operations. Don't be shocked if you find yourself concluding that not having private jets is costing your business a lot of opportunities. Operational Considerations A private aircraft is more than just being a way to save on costs when compared to other forms of air travel or even making use of opportunities that aren't available otherwise. The benefits of owning a private aircraft can make financial considerations secondary, and these benefits must be considered when considering the purchase of an airplane for personal use. If you often need to fly on shorter notice or have an unpredictability schedule or route, the complete access that ownership provides is the most significant advantage. With your private aircraft, there is no limit on when you can call out, no concern that all the charter aircraft are booked for when you require an important flight. Even jet card and fractional ownership programs can take from several hours or even days during peak times like holidays to get an aircraft available. The security and safety that comes with owning the aircraft is a further benefit that transcends cost considerations. Since you are the business owner you have a complete understanding of the crew and the configuration of the aircraft. Actually, some executive insurance policies of corporations stipulate security and travel conditions as well as provisions for key executives that effectively dictate travel on a private jets. Many owners appreciate the simplicity, convenience and comfort of traveling on the aircraft of your choice is reason enough to have a private jet. Personal items can be kept in the aircraft and the cabin could be equipped and decorated according to the individual's preferences. The aircraft can be transformed into a place to stay away from.  

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