In addition to luxurious cabin fittings and a host of amenities, many of today's private jets also in-flight connectivity systems allowing passengers to connect to the Internet in much the same manner as they would in their own homes and offices, allowing busy CEOs to conduct important business meetings at 40,000 feet. Whether it's visiting multiple clients or offices in a single day, or carrying your family to a top-level vacation destination, private jets provide an incredibly fast, safe, and secure travel alternative for you, your friends and family, and your employees, all in unmatched style and luxury.
In the United States, business aircraft may be operated under either FAR 91 as private operations for the business purposes of the owner, or under FAR 135 as commercial operations for the business purposes of a third party. One common arrangement for operational flexibility purposes is for the aircraft's owner to operate the aircraft under FAR 91 when needed for its own purposes, and to allow a third-party charter-manager to operate it under FAR 135 when the aircraft is needed for the business purposes of third parties (such as for other entities within the corporate group of the aircraft's owner).
Aircraft leases are often used by private aircraft operators, as leases provide the same level of access to an aircraft that ownership provides, without the capital expenditure buying a business jet requires. Leases are offered in two main forms: wet leasing, normally used for short-term access; and dry leasing, typically used for longer term leases. Under wet leases, flight crews are provided in tandem with the aircraft, while operators of dry leased aircraft supply their own crews. Combination wet-dry leases may also be offered, as when an aircraft is wet leased to establish service, and once an in-house flight crew is trained, switched to a dry lease.
In a wet lease arrangement, the financing entity, or lessor, provides the aircraft, and complete crew, maintenance and insurance (ACMI) to another party at a cost based on hours of operation over a set time period. The lessee pays for fuel, airport fees, duties, taxes and other operational costs. Wet leases generally are established for one to 24 months. (Any shorter period would be considered simply ad hoc charter, which can be thought of as wet lease by the hour or mission.) In the commercial airline world, wet leases are typically utilized to provide supplemental lift during peak traffic seasons or during annual heavy maintenance checks. In the United Kingdom, a wet lease is employed whenever an aircraft is operated under the air operator's certificate (AOC) of the lessor.
About 70% of the fleet was in North America at the end of 2011. The European market is the next largest, with growing activity in the Middle East, Asia, and Central America. In 2015 the total airplane billing amounted to US$21.9 billion, and 718 business jets were delivered to customers across the globe : 199 (27.7%) by Bombardier Aerospace, 166 (23.1%) by Cessna, 154 (21.4%) by Gulfstream Aerospace, 120 (16.7%) by Embraer and 55 (7.7%) by Dassault Falcon.