The very light jet (VLJ) is a classification initiated by the release of the Eclipse 500,[19][20][21] on 31 December 2006, which was originally available at around US$1.5 million, cheaper than existing business jets and comparable with turboprop airplanes. It accompanied a bubble for air taxi services, exemplified by DayJet which ceased operations on September 2008, Eclipse Aviation failed to sustain its business model and filed for bankruptcy in February 2009.
Time saving - this is one of the most significant reasons for using private aircraft. Depending on your program you can have an aircraft ready in just a few hours. You can arrive at the airport just minutes before your scheduled departure time, fly directly to your destination (without any layovers), make productive use of your time onboard, avoid overnight stays (saving hotel $ as well as time), avoid waiting in lines at the airport, land at over 5,000 airports in the US and so be closer to your destination. All of this can provide significant savings in both productive time and in dollars. Productivity - the time savings above provide significantly more productive time, both onboard and before and after your flight. You and your staff can make the most of the travel time to talk business or work with customers, suppliers or partners.

According to Jahid Fazal-Karim, owner and chairman of the board of Jetcraft, the sweet spot for buying a plane is between three and five years old in terms of value. Fazal-Karim knows what he is talking about, having overseen more than 500 transactions worth over $10 billion in value since he started his career at Jetcraft in 2008. He is often referred to as one of the most powerful players in business and private aviation. Jetcraft
Paul Cappuccio, who lives in Greenwich, Conn., and is the general counsel for Time Warner, flew to Miami on Blade most weekends last winter and plans to do the same this year. “It’s such a relaxed way to fly, an elegant experience and so hassle-free,” he said. While not necessarily budget-friendly, Mr. Cappuccio said that Blade hits the sweet spot on price. “It’s not all that much more than a full-fare first-class ticket, but a small fraction of what it would cost to fly on a chartered private jet,” he said.
Members who want to set their own schedule can create a flight and post it to JetSmarter’s app so that other interested members can buy seats for the route and help reduce the cost of the charter; if all the seats on the plane sell, the member who created the flight flies for free. These crowdsourced trips usually top out at $2,000 a person, a fraction of the $8,000 or more per hour it can cost for a traditional charter. “My goal is to make private jet flying less elitist,” Mr. Petrossov said.
Fliers with flexibility should sign up for empty-leg email lists of companies like Magellan Jets, who regularly send out emails selling discounted flights from, say, the plane of a corporate exec who flew to Los Angeles but is looking to offset his cost of getting the plane back to New York. “I wouldn’t say that the cost of flying private has gone down, but there are new ways of pricing charter that makes it more accessible,” says David Zipkin, co-founder and VP of Tradewind, the service known for semi-private flights in the Northeast and Caribbean. “In our case, we save people money with our shared charters, and we also sell discounted empty legs.”

Fliers with flexibility should sign up for empty-leg email lists of companies like Magellan Jets, who regularly send out emails selling discounted flights from, say, the plane of a corporate exec who flew to Los Angeles but is looking to offset his cost of getting the plane back to New York. “I wouldn’t say that the cost of flying private has gone down, but there are new ways of pricing charter that makes it more accessible,” says David Zipkin, co-founder and VP of Tradewind, the service known for semi-private flights in the Northeast and Caribbean. “In our case, we save people money with our shared charters, and we also sell discounted empty legs.”
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).
An affinity charter is slightly different in that, although all of the passengers are affiliated with a specific business, group or organization, each pays his own air fare. The passengers might sports or music fans traveling to a special event, or a bunch of friends going on vacation. With this type of charter, none of the seats can be sold to members of public.
Those living on the East Coast will soon be able to fly with Beacon, another monthly membership airline, which will begin flying later this summer, starting with 18-20 daily flights between New York and Boston, as well as seasonally in the Hamptons and Nantucket. Memberships start at $2,000 per month (plus a $1000 initiation fee, which will be waived if you join before Sept. 1, 2015).

Aircraft brokers make it their goal to become trusted advisors to the buyer. A professional Aircraft Broker will not only present the most current and desirable available aircraft on the market; they will also guide the buyer throughout the entire transaction, including price negotiations, as well as recommendations for 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.
Time saving - this is one of the most significant reasons for using private aircraft. Depending on your program you can have an aircraft ready in just a few hours. You can arrive at the airport just minutes before your scheduled departure time, fly directly to your destination (without any layovers), make productive use of your time onboard, avoid overnight stays (saving hotel $ as well as time), avoid waiting in lines at the airport, land at over 5,000 airports in the US and so be closer to your destination. All of this can provide significant savings in both productive time and in dollars. Productivity - the time savings above provide significantly more productive time, both onboard and before and after your flight. You and your staff can make the most of the travel time to talk business or work with customers, suppliers or partners.
Air Charter Service arranges helicopter charters, private jet aircraft and executive airliner charters, as well as a huge range of small specialist personal aircraft, for a variety of clients including senior business executives, celebrities and royalty. Our team is also able to provide urgently required medical charters to sick and injured patients. Our dedicated charter experts can arrange your private jet booking and are available 24/7, just submit a private jet quote to contact yours now.
Cessna simultaneously developed the Citation Mustang,[22][19][20] a six-place twinjet (2 crew + 4 passengers), followed by the Embraer Phenom 100[22][19][20][21] and the Honda Jet.[19][21] They have a maximum takeoff weight lighter than the FAR Part 23 12,500 pounds limit, and are approved for single-pilot operation. They typically accommodate 5-7 passengers over a 965 nmi average range, with a $3.6M mean price. Some VLJs such as the Eclipse and Mustang have no or limited lavatory facilities.[23]
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
Are these lower prices the reason more Americans are chartering planes? Virtuoso’s statistics indicate that the number of private charter trips increased by 10 percent from 2014 to 2016, and statistics from the research company Euromonitor show that the number of passengers in the United States who chartered planes increased from 4.88 million in 2013 to 5.32 million in 2016 (this number excludes helicopter charters).

Let us help you determine if aircraft leasing is the right option for your business jet needs. TPJC’s finance and brokerage professionals can answer all your questions about leasing and other acquisition solutions, or advise you on any other business aviation issues. Please call us at 561-691-3545. A global company, our experts are available 24/7/365. We look forward to serving you.
Extendible operating lease: Although an EOL resembles a finance lease, the lessee generally has the option to terminate the lease at specified points (e.g. every three years); thus, the lease can also be conceptualized as an operating lease. Whether EOLs qualify as operating leases depends on the timing of the termination right and the accounting rules applicable to the companies.
The Private Jet category encompasses a wide variety of aircraft, of many different sizes and capabilities ranging from aircraft optimized for relatively short-range regional travel, to large cabin aircraft able to traverse entire continents and oceans. These aircraft are manufactured by worldwide companies including Beechcraft, Bombardier, Cessna, Dassault Aviation, Embraer, Gulfstream, Hawker, Learjet, and Pilatus. Additionally, Airbus and Boeing build exclusive, private variants of many of the same aircraft operated by commercial airlines throughout the world.
JetSuite provides efficient operations, acute attention to detail, acclaimed customer service, and industry-leading safety practices. Offering a WiFi-equipped fleet of aircraft across the US, JetSuite was recently ranked #1 in light jet utilization by ARGUS. Under the leadership of CEO Alex Wilcox, a JetBlue founding executive, JetSuite is IS-BAO certified and ARGUS Platinum rated, the highest possible safety rating in the private jet industry. Contact us via the form above for a custom quote or to find out how to get our lowest private aviation rates by becoming a SuiteKey Member.
Business airliner can be contracted as bizliner.[35] Airliners converted into business jets are used by sports teams or VIPs with a large entourage or press corps. Such airplanes can face operational restrictions based on runway length or local noise restrictions. They can be the most expensive type of private jet as they provide the greatest space and capabilities.
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