kielly meth. First Class Interiors. June 04th , 2018.
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.
If you often need to make flights on short notice or have an unpredictable schedule or planned route the total access that ownership provides is its own greatest benefit. With your own private plane there is no minimum call out time no concern that all the charter aircraft are booked when you need to make a critical flight. Even jet card and fractional ownership programs may take hours to sometime days during busy time periods like holidays to make an aircraft available.
This is the starting point from which airlines can then build their own identity commissioning companies like Design Q to work on quality aircraft interior styling material specification and bespoke trimming for VIP interiors or airline cabin interiors. Upholstery specification consultants are important contributors to an airlines image.
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.