Options For Flying Aboard a Private Jet
The most accessible option is to charter a private jet. Chartering or leasing is a good sensible option if one’s corporate aircraft needs are infrequent. A nice benefit to using charters is that one is not locked into a single aircraft or even a single fleet. The charter options are many. Also, because a charter will be for a single trip, one can take flight on an aircraft that fits that specific trip. A flight for business can use a jet that is optimized for business. Such as a corporate jet that has a conference room, space for meetings, and communication equipment. A trip for a family can be on a jet that has options for children- individual monitors, gaming consoles, and DVD players. The options continue go on with chartered flights.
For those who fly frequently but do not want to make the leap into full ownership can get a jet card. A jet card is essentially establishing a pre-paid debit account. The flight time is subtracted from that pre-paid account. The value of this method over chartering is that the costs are lower than a per flight option. Also, a jet card program will make a promise to be available with jet within a certain timeframe. Like having a jet in Fargo, ND with a five or seven hour advance notice.
Fractional ownership is a mix of all the options mentioned. With a fractional ownership program one buys a partial interest in a jet. But this is more of a ticket to the dance than being limited to one aircraft. With fractional programs one actually has the opportunity to fly the entire fleet of the program. The ongoing charges are fuel and flight time for each trip.
Finally, there is the full private jet ownership. This is the most expensive option as one is incurring the entire cost of ownership and purchase. An executive jet starts around four million dollars for a lightweight jet. Then there is the staff to maintain and fly the jet along with fees, insurance, fuel, etc. However, the upside is that the jet is ready for the owner at a moments notice, no delay. Also, the jet is customized to the owner’s specifications.
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