What To Consider Before Buying a Private Jet
Buying a private jet can be extremely rewarding, as it brings freedom, access, and flexibility to your travel, among many other benefits. However, outright owning a private jet is not necessarily required in order to enjoy many of these potential benefits. Before buying a private jet, you should weigh all of your options.
Since the costs associated with owning a private jet can be rather high, fractional ownership is an excellent option for those interested in the luxuries of a private plane but not the total ownership costs.
Fractional owners each pay a percentage of the costs proportional to how much they use it—typically in a monthly or annual fee. This option is perfect for travelers who fly regularly enough to want exclusive access to a jet but don’t fly enough to justify paying the costs for their own jet.
Under fractional ownership, storage and maintenance costs are shared across all owners, while travel and operation costs, like fuel, are the responsibility of the owner who uses it.
When buying a private jet, you think of the convenience and comfort on the way to your destination. However, the reality is that your jet will spend plenty of its time on the ground, so you need to figure out how you will store and take care of it. The right company can help you determine how you will fuel your aircraft, maintenance, and keep it.
An experienced aircraft management company can also help you staff your aircraft with pilots and a flight crew. Aircraft management services can also help you charter out your aircraft when you are not using it, allowing you to offset your ownership costs and save money in the long run.
Private Jet Charter
If you only fly occasionally, then ownership costs may not be worth it. Fortunately, private jet charter provides an easy option for anyone who only flies about 20 hours a year. Private charter can get you in the air within three hours of booking and allow you great amenities.
Frequent flyers can still gain exclusive access to aircraft and reduced rates through a private jet charter company without having to own. For example, Jet Agency offers three memberships to provide access to aircraft and exclusive rates:
In order to operate, even for personal use, an aircraft must be certified for safety purposes. Owners are responsible for ensuring that the aircraft is operated safely and meets several standards during every trip. These standards are outlined by a set of rules under Part 91 of the Federal Code of Regulations.
Not only are these factors costly, but they can be time-consuming and require a certain level of expertise to address. Before purchasing a private jet, make sure that you understand the regulations you need to follow and that you are willing to address all of them.
The strenuous process leads many people to fly via private jet charter. Not only can it be more convenient, but it is also often safer, as federal regulations surrounding private jet charter are more stringent. At Jet Agency, all of our flights follow strict safety standards to ensure the comfort of all of our passengers. We carry out our operations to meet all federal regulations while going above and beyond,
Offset Your Ownership Costs
Altogether, owning a private aircraft is no small feat, but if you are willing to spend and know you will use it plenty, then it can be completely worth it. For proper aircraft management assistance, contact Jet Agency to learn more about how we can assist you with our services. We are happy to help you with everything from flight crew staffing to chartering your aircraft through Part 135 operations to offset your costs.
If you are not yet prepared to buy a private jet, then don’t worry—Jet Agency has you covered for all of your jet travel needs. From our detailed safety measures to the ability to get you in the air within just three hours of booking, Jet Agency has your back. Contact us today to learn more about any of the many services we have to offer.