First Class Interiors. Friday , May 18th , 2018 - 12:50:55 PM
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.
For those who use the charter frequently there are a few options. One will be to opt for something like an annual pass become a card holder member which will allow for lot of added benefits cost wise. But take into account the membership fee` here as well. The other option will be to share the ownership of a craft like in time share. But this will include the aircraft maintenance cost as well and as you will be a part owner it is possible for two owners to demand the use of the craft at the same time. And always read the fine print especially for hidden costs like cabin crew in flight snacks etc.
If your wonder how the above or other issues you may have considered and wonder if a private jet purchase would make sense consulting an expert aviation professional for advice is the best possible step to take. The private aircraft sale process is a complex transaction requiring input from an aircraft professional a tax advisor and a legal consultant and involves complex negotiation detailed extensive paperwork and takes significant time and possibly multiple document revisions as mistakes in aircraft selection or negotiations can be very expensive. Working with an experienced aircraft broker aviation attorney and others who specialize in the purchase and sale of private aircraft will ensure you make the right choice and pay the best possible price for your private airplane.