Customers can choose the cabin layout, including the option to divide the space into separate areas that can be decked out as an office, bedroom, galley or dining area. Exotic wood veneers and hand-stitched leather are among the many accouterments that buyers can select. Lighting and cabin temperature can even be controlled via one’s smartphone. Gulfstream
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.

Flight departments are corporate-owned operators who manage the aircraft of a specific company. Ford Motor Company, Chrysler, and Altria are examples of companies that own, maintain and operate their own fleet of private aircraft for their employees. Flight departments handle all aspects of aircraft operation and maintenance. In the United States, flight-department aircraft operate under FAR 91 operating rules.


Operating leases are generally short-term (less than 10 years in duration), making them attractive when aircraft are needed for a start-up venture, or for the tentative expansion of an established carrier. The short duration of an operating lease also protects against aircraft obsolescence, an important consideration in many countries due to changing noise and environmental laws. In some countries where airlines may be deemed less creditworthy (e.g. the former Soviet Union), operating leases may be the only way for an airline to acquire aircraft. Moreover, it provides the flexibility to the airlines so that they can manage fleet size and composition as closely as possible, expanding and contracting to match demand.
JetSmarter, around since 2013, is an example of a player in the private aviation space selling shared flights. The company operates on a membership model: Fliers pay a minimum of $15,000 a year and book seats on already scheduled flights through the JetSmarter app, which lists more than 150 domestic and international trips a day. Trips under three hours are included in the cost of the membership while longer ones are an average of $300 a person, according to Sergey Petrossov, the company’s chief executive officer; most flights have an average of eight to 10 passengers.

Discover fascinating peoples, places and celebrations in intimate and unforgettable ways on this spectacular new journey by private jet. Travel on an exclusive 23-day itinerary packed with insider access, fine dining and invitation-only cultural events curated by our local experts. Following a boldly imagined route, explore Japan, Mongolia, Nepal and Bhutan, India, Abu Dhabi, Jordan and Sicily. And stay in one-of-a-kind accommodations throughout, from a comfortable ger camp with en suite baths to Dwarika’s, a UNESCO World Heritage Site.


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.
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.
Fractional ownership of aircraft involves an individual or corporation who pays an upfront equity share for the cost of an aircraft. If four parties are involved, a partner would pay one-fourth of the aircraft price (a "quarter share"). That partner is now an equity owner in that aircraft and can sell the equity position if necessary. This also entitles the new owner to a certain number of hours of flight time on that aircraft, or any comparable aircraft in the fleet. Additional fees include monthly management fees and incidentals such as catering and ground transportation. In the United States, fractional-ownership operations may be regulated by either FAA part 91 or part 135.

Using a private jet rental to get to a holiday destination ensures the additional benefit of access to private terminals for faster security check-ins, ensuring that more time is spent enjoying the getaway instead of waiting in line. With its ability to access more locations around the world and enhanced potential for personalisation, chartering privately is the perfect way to travel for pleasure.
Fractional ownership of aircraft involves an individual or corporation who pays an upfront equity share for the cost of an aircraft. If four parties are involved, a partner would pay one-fourth of the aircraft price (a "quarter share"). That partner is now an equity owner in that aircraft and can sell the equity position if necessary. This also entitles the new owner to a certain number of hours of flight time on that aircraft, or any comparable aircraft in the fleet. Additional fees include monthly management fees and incidentals such as catering and ground transportation. In the United States, fractional-ownership operations may be regulated by either FAA part 91 or part 135.
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.
Another important factor Fazal-Karim suggests considering is the length of time you plan to own a plane. He says the average period of ownership is one decade, and typical depreciation in aircraft value drops about 10 percent to 15 percent in the first year with a further 10 percent each subsequent year. Due to low inventory and high demand for pre-owned aircraft, the Jetcraft Market Forecast predicts depreciation rates will improve over the next 10 years. Jetcraft
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.
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.
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