Step aboard A&K’s chartered Boeing 757 and enjoy the utmost in comfort and style with 50 first-class, fully lie-flat seats; a dedicated cabin crew providing a crew-to-guest ratio of 1:7; an onboard executive chef and physician; and a range of thoughtful amenities, from an espresso maker to noise-canceling headphones and curated entertainment selected to complement your itinerary.
Ms. Broder frequently books private jets for clients and gets a weekly list from several private jet companies of empty leg availability for the coming week (other agents specializing in private jet travel also get similar lists). Recent flights included an $8,500 trip from Naples to Cleveland on a Beechjet 400A, a plane that seats seven people, and a $6,500 trip from Scottsdale, Ariz., to Colorado Springs on a Learjet 45XR, accommodating eight fliers.
The reality of the Web is that it provides a very incomplete picture of private jets for sale or the private jet marketplace. In the last few years the pre-owned aircraft market has changed significantly; the values of aircraft change more quickly and the prices shown on the Web bear little relation to what such aircraft actually sell for. Moreover, many of the best aircraft for sale never appear on the Internet, as they’re bought and sold among brokers for their clients without ever being listed for sale. Moreover, many buyers who plunge into the market without the help of an expert advisor may not even have properly identified the best airplane for their needs, and a buyer can make a great deal on the wrong airplane. That is why The Private Jet Company made it their principal focus to spend whatever time is necessary to understand the buyer's specific needs and preferences to be able to present the best value private aircrafts that fulfill the buyer's needs and offer the best value for the buyer's dollars. The founder of TPJC and all its brokers make it their goal to become a trusted advisor to the buyer to not only present the currently available aircraft on the market, but to assist in negotiating the deal, recommending legal and tax advisors, aircraft inspection specialists, suitable FBO facilities and any other services to assist in consummating the best possible deal for the aircraft purchase.
US leveraged lease: Used by foreign airlines importing aircraft from the United States. In a US lease, a Foreign Sales Corporation (FSC) purchases and leases the aircraft, and is tax-exempt so long as at least 50% of the aircraft is made in the US, and at least 50% of its flight miles are flown outside the US. Because of the extensive documentation required for these leases, they have only been used for very expensive aircraft being operated entirely outside the US, such as Boeing 747spurchased for domestic routes within Japan.
Because the cost of a high-end modern private aircraft may be tens of millions of dollars, lending for aircraft purchases is accompanied by a security interest in the aircraft, so that the aircraft may be repossessed in event of nonpayment. It is generally very difficult for borrowers to obtain affordable private unsecured financing of an aircraft purchase, unless the borrower is deemed particularly creditworthy (e.g. an established carrier with high equity and a steady cash flow).
More likely, travelers would be conducting business if spending this type of cash to dart between points around the world. Fiber-optic lighting is built into the carpeting, and curved walls are meant to create a more welcoming, residential feel. Generally, Airbus corporate jets like the ACJ319 can be in the same ballpark price range as top-of-the-line business jets from Bombardier and Gulfstream. Airbus
The key words here are prop planes, turboplanes, and light jets. Prop planes like the Cessna Caravan are popular because they're roomy (the seats are like business class, and often configured face to face). More popular these days are planes like the six- to eight-seater Pilatus PC-12, and KingAirs, which fly faster and feel more like jets. And then you get into light jets like Learjets, Embraer Phenom 300s, and Citation CJ3s, and Hawkers, all of which are sleeker and more streamlined, and can fly for four to five hours, for slightly longer trips.
Hong Kong leveraged lease: In Hong Kong, where income taxes are low in comparison to other countries, leveraged leasing to local operators is common. In such transactions, a locally incorporated lessor acquires an aircraft through a combination of non-recourse debt, recourse debt, and equity (generally in a 49-16-35 proportion), and thus be able to claim depreciation allowances despite only being liable for half of the purchase price. Its high tax losses can then be set off against profits from leasing the aircraft to a local carrier. Due to local tax laws, these investments are set up as general partnerships, in which the investors' liability is mainly limited by insurance and by contract with the operator.
The Gulfstream G650ER, which retails for $70.15 million fully outfitted, can travel 7,500 nautical miles/13,890 kilometers at Mach 0.85. When flying even faster at Mach 0.90, it can carry eight passengers 6,400 nm/11,853 km. Hodge adds that it is important to know the general travel mission when determining the size of the plane. If certain airports are used, a broker can help buyers understand if a plane can regularly take off and land there with a full payload. Gulfstream
With a dry lease, the lessor provides the aircraft without crew. These arrangements are favored by leasing companies and banks, and require the lessee to put the aircraft on its own AOC and provide aircraft registration. Dry leases usually cover a term of no less than two years. Lessees must comply with conditions regarding maintenance, insurance, and depreciation, and other requirements that may be affected by geographical location, political circumstances or other factors.
Ms. Broder booked a jet charter this March from New Jersey to Las Vegas for her client Steven Michaels, an entrepreneur from Cherry Hill, N.J., and seven of his friends. The trip was in celebration of several of the men turning 50, and the group wanted an extravagant getaway. First-class tickets worked out to close to $2,000 a person round trip, while chartering an eight-seat Citation III jet was $3,500 each. When presented with both options, Mr. Michaels said that going private was a no-brainer. “The journey was like paying for a high-end tour or excursion and ended up being one of the most fun parts of the trip,” he said.
On an A&K Private Jet Journey, your small group of 50 like-minded guests travels on an exclusive itinerary packed with immersive insider-access opportunities, fine dining and invitation-only cultural events curated by our local experts around the world. Jet from one destination to the next aboard a chartered Boeing 757 with fully lie-flat, first-class seats and featuring a staff of expert tour managers, a dedicated flight crew, an Executive Chef and an onboard physician. Finish each day in accommodations chosen for their comfort, hospitality and true local character on a journey that combines luxury, authenticity and expertise as only A&K can.
And FLITE Air Taxi offers a la carte private plane flights for reasonable rates: A flight from Boston to Saratoga, N.Y. costs $541 per person (you will need six people to fill the plane, so $3,250 for the whole flight), as does one from New York City to Martha’s Vineyard and from Block Island to Worcester, Mass.; this does not include federal excise taxes (7.5% of the cost of the flight) but does include other fees.
For the decade starting in 2017, Aviation Week predicts 11,346 deliveries of business aircraft (jets or not) valued at $250.1 billion, with a fleet growing from 31,864 aircraft to 36,702 aircraft (64% in North America): 4,838 more at an average annual growth rate of 1.6%, with 5,835 retirements. For the coming five-year period, Textron Aviation should lead the market with a 22.8% market share, followed by Bombardier with 20.4%, Embraer with 16.6%, Gulfstream with 15%, Dassault with 8.4% then the rest of manufacturers with 16.9%. There should be 22,190 Engine deliveries, led by the Honeywell HTF7000, Williams FJ44, Pratt & Whitney Canada PT6A Medium, Pratt & Whitney Canada PW300 and the Pratt & Whitney Canada PT6A Large. The average utilization should be 365 flight hours per aircraft per year.