Private aircraft finance options provide a variety of ways to purchase or lease an aircraft that can be tailored to meet the financial needs of almost any business or individual with ongoing need for access to a business jet. The aircraft financing professionals at TPJC stand ready to discuss all your options and arrange a financing solution to meet your business jet purchasing needs. Please contact us at 561-691-3545. A global company, TPJC professionals are available 24/7/365.
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.
Once you've got a price quote, it's worth the effort to call around and get three or four other quotes. Prices vary widely, and one of the most important things to know is that you will often be paying for the plane to get to you, also known as the repositioning fee. Additional charges, common to a lot of flights, include airport charges. At New Jersey's Teterboro, it's $100, while some airports with higher density have an added fee. There are also takeoff fees to consider.
Monarch Air Group provides on-demand air charter services to and from Miami on a regular basis. Through select joint venture agreements, we charter an impressive range of aircraft, from single-piston to heavy jets. Whether you are flying for business or pleasure, we will provide the maximum level of reliability, flexibility and luxury. Every client is a VIP, so just let us know your schedule, budget, and special requests.
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).
The Bombardier Challenger 600 began as a proof-of-concept business aircraft design from American aircraft pioneer Bill Lear. The design was subsequently purchased by Canadair, the predecessor to Bombardier, in the late 1970s. Canadair further refined the design and certified the aircraft in 1980. The type really “took off,” so to speak, with the follow-on Challenger 601, introduced in 1983, which replaced its predecessor’s Avro Lycoming engines with modern General Electric CF43-1A turbofans designed for high-utilization commercial airline service.
Diener recommends checking out FlyVictor.com, as it compares the cost of private jet travel across different airlines. He says that JetSuite.com is the best known for last-minute deals. You may also want to consider having a broker do the heavy lifting for you, says Trance; brokers typically work on commission, so ask them what their commission is before booking and how you pay it, and tell them your all-in price tolerance ahead of time.
On a Charter Flight, passengers aren’t limited to on of 2 or 3 entrees being served. They can literally design their own meal or order from a restaurant of their choice to be enjoyed while traveling in supreme comfort. There is also a wide variety of entertainment options on a charter flight. Many aircraft used for charter flights have free WiFi, high end sound or entertainment systems with iPhone/Android hook-ups and even satellite TV.
Manufactured by Canadian aerospace firm Bombardier, the Challenger name encompasses a family of aircraft billed as “the best-selling business jet platform of the last decade.” All Challenger jets feature fuel-efficient turbofan engines, true “walk-about” cabins, and a supercritical wing design offering impressive climb and cruise performance at lower thrust settings.
In October 2017 Jetcraft forecasts 8,349 unit deliveries in the next decade for $252 billion, a 30.2 $M average. Cessna should lead the numbers with 27.3% of the deliveries ahead of Bombardier with 20.9% while Gulfstream would almost lead the revenue market share with 27.8% trailing Bombardier with 29.2%. For 2016-2025, Jetcraft forecasted Pratt & Whitney Canada should be the first engine supplier with 30% of the $24B revenue, in front of the current leader Rolls-Royce at 25%. Honeywell will hold 45% of the avionics $16B revenue ahead of Rockwell Collins with 37% and Garmin.