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kielly meth. First Class Interiors. May 17th , 2018.

The safety and security of outright ownership is another benefit that transcends cost considerations. As the owner of the aircraft you know the crew and the configuration of the aircraft. In fact some corporate executive insurance policies stipulate travel and security conditions and provisions for key executives that practically dictate travel by private jet.

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.

This is where a little of research comes in handy. By knowing how aircraft charter rates are calculated i.e. hours of use mileage etc you might be able to shave off a few dollars. It`s also very important to research the aircraft charter before you hire - you should be looking at an impeccable track record and a responsible attitude from the staff.

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How can one determine the relative advantages of charters jet card user status fractional ownership as compared to private jet ownership and which makes the most sense for you? The decision to buy a private aircraft is driven by three considerations: status financial and operational. The status issue is purely and completely a personal one and can only be judged by the persons themselves. The financial issue relates to potential savings in direct travel costs or possible tax benefits of outright ownership as compared to alternative means of private flight travel typically charters jet card or fractional ownership - used currently by the prospective buyer.

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