Lastly, don't be afraid to ask about safety: Any reputable operator should have safety information prominently featured on their website, and won't mind answering questions about their pilots, such as how many hours they have flown. (At least 250 hours, which is what it takes to get a commercial license; NetJets mandates at least 2,500 hours; Wheels Up, mandates 7,000 hours for a captain and 4,000 for a first officer.) Gollan suggests fliers ask if the pilot has any health issues, and feel free to ask if the operator (or plane itself) have any accidents or incidents in its history.
Equipment trust certificate (ETC): Most commonly used in North America. A trust of investors purchases the aircraft and then "leases" it to the operator, on condition that the airline will receive title upon full performance of the lease. ETCs blur the line between finance leasing and secured lending, and in their most recent forms have begun to resemble securitization arrangements.
With access to over 5,000 aircraft worldwide, Blue Star Jets has the experience in locating the best possible aircraft for your mission. Operators providing service for Blue Star Jets clients in the United States must meet standards set forth by the Federal Aviation Administration (FAA) for safety, security and service and operate under Part 135 of the FAA regulations.
Because a charter flight is not part of a scheduled service, the flight will depart when you want it to. You are also able to choose which cities you fly to and from. Charter Flights are particularly convenient when you need to travel to a city where scheduled airline service may require multiple connections or layovers before you reach your destination.
Customers spend time with a full-service design team to decide how they want to outfit the plane’s interior. Interiors can be customized to align with the branding of a company, the tastes of an owner, or the operational needs of the flight department. Some notable interior options for the Citation Longitude are the side-facing couch, optional crew jump seat, and solid surface flooring. The Longitude offers an inflight-accessible baggage compartment, and its ceiling extends to 6 feet, making it easy for most people to stand up. Textron Aviation
If you’re flexible both on when you fly and where you fly, you’ll likely get the best deals, says Trance. Call the company and ask about the cost differences between, say, a Saturday and a Tuesday and see if you can fly into a nearby airport. Fridays and Sundays tend to be the most expensive times to travel, says Justin Sullivan, the co-founder of FLITE Air Taxi. And, of course, last-minute deals can be significant so it may be worth waiting until about 72 hours before you want to fly to find deals, says Trance, though this is, of course, risky.
Steve Wooster, the managing director of services and air operations for the luxury travel network Virtuoso, said that the proliferation of private jet brands has led to these lower prices. “There are many more suppliers than there ever used to be, and competition means prices have dropped,” he said. “Private jet flying is now open to a diversity of passengers, not just C.E.O.’s.”
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
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.