Companies like Surf Air and FLITE Air Taxi can charge less than big-name competitors, in part, because they use different planes — like, for example, single-prop turbo planes — that cost less to operate because they use less fuel than larger jets. “The operational cost can be a fraction of other planes,” says Justin Hart, vice president of Surf Air memberships.
There are two major differences between private charter and scheduled airline service: cost and flexibility. While booking a flight via jet services companies is generally more expensive, they provide a much higher degree of flexibility. With Pentastar Aviation Charter, Inc. your charter will fly on YOUR schedule to the domestic or international destination of YOUR choice. Our service to both major and general aviation airports gives you access to more than ten times as many domestic destinations as scheduled airline service. In addition, we have international experience operating in more than 80 countries.
Finance leasing, also known as "capital leasing", is a longer-term arrangement in which the operator comes closer to effectively "owning" the aircraft. It involves a more complicated transaction in which a lessor, often a special purpose company (SPC) or partnership, purchases the aircraft through a combination of debt and equity financing, and then leases it to the operator. The operator may have the option to purchase the aircraft at the expiration of the lease, or may automatically receive the aircraft at the expiration of the lease.
Conversely, the aircraft's residual value at the end of the lease is an important consideration for the owner. The owner may require that the aircraft be returned in the same maintenance condition (e.g. post-C check) as it was delivered, so as to expedite turnaround to the next operator. Like leases in other fields, a security deposit is often required.
No trip is alike. At XOJET we work with clients to select the right aircraft for each mission, the savviest method to flying smart. We believe in delivering the most value on every flight, which typically begins with selecting the right aircraft for the right mission. Each step of the way, your Aviation Advisor is committed to meeting your specific needs by presenting the most complete range of options and finding the best solution for your trip.