First Class Interiors. Wednesday , May 16th , 2018 - 17:06:36 PM
But calculating the point at which ownership is less costly than other options isn`t simply a matter of toting up flight time and determining hourly costs. The kind of flying you do the places you go the number of travelers on the aircraft also play a role in the economics of ownership. For example ownership is much more cost effective if you primarily fly round trips avoiding deadheading costs or multi-day hangar and ground handling fees and airline tickets home and back for the flight crew. If you primarily fly one way a fractional ownership share or a jet card could be a better solution than full ownership because fractional and jet card costs are based on one-way flights.
If you utilize the same category of aircraft for your flights at least 80 percent of the time private ownership can also make economic sense. However if your mission changes regularly traveling long range on some flights short to mid-range on others sometimes with just one or two colleagues other flights with a whole team then looking to purchase a private airplane would not make much sense no matter how sweet the deal because one category of aircraft would not serve the majority of travel needs. Charter could be better for this scenario because you can always select the right aircraft for each flight. Some fractional ownership programs and jet cards allow customers to select among three or four aircraft categories (light mid-size super-midsize and large cabin/long range jets) and use more than one aircraft simultaneously providing another option for fliers who need access to several categories of aircraft.
The supply of private aircraft on the market currently is high in historical perspectives and the relatively soft current demand has pushed prices of preowned private aircraft to all time lows. At the same time as private aircraft manufacturers want to keep their operation at full capacity they are offering great sales incentives to buyers right now. Those recent trends have caused a modest uptick in private jet sales as buyers are taking advantage of the market oversupply. Aviation consultants and industry professionals have reported seeing a recent rise in the number of first time private plane buyers brought into the market by today`s relatively bargain prices for private jets.