On 1 April 2017, there were 22,368 business jets in the worldwide fleet, of which 11.2% were for sale. 5-year old aircraft residual value level is at a 56% of the list price. A new business aircraft depreciate by 50% in five years before depreciation flattens between years 10 and 15, and the owner of a 15 to 20 years old is often the last, matching luxury cars.
After your initial enquiry you will be assigned a personal charter expert who will send you a selection of quotes for you to choose from. Each quote will have a clear breakdown of aircrafts and airports and reasons they have been selected for you. Should you wish to go ahead they will then book the aircraft and send you all the flight details including directions to the terminal and any other important information. They will be your first point of call for any further enquiries you may have up to the flight and, if possible, they will meet you at the terminal. From your initial quote you will be able to contact your account manager 24/7 (if on holiday you will be assigned another account manager to cover) so you can call from wherever, whenever you like.
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.
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Whether you travel frequently for business or only occasionally for pleasure, chances are you've considered hiring a charter plane. When you fly on a private plane, you can skip the long wait times and baggage checks of a commercial flight. Your departure and return times are determined by your schedule, and in some cases you can even book a same-day flight! Here are some of our most commonly asked questions regarding private flights:
Because jet charter is not priced on a per person or ticket basis, it is not likely that it would be more cost effective for a group of 10-15 individuals to charter a jet compared with flying via scheduled airline service in coach or first class. Even if the total cost for a charter trip is split among 10 people, the cost each person would cover would still be significant.
JamesEdition is the world's premier marketplace to find business jets and propeller aircraft for sale. Search private jets from all relevant brands. Find jets, turboprop and single engine aircraft for sale by brokers, dealers and private sellers worldwide. Whether you are a private pilot or a current owner searching for a new or preowned aircraft, you'll find quality aircraft and large, high-quality images and complete specifications.
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.
Some other examples of prices come from Avinode, which powers a charter marketplace for brokers and operators and gathers a large amount of data on pricing. Their recent data shows the average price per hour for return trips, for various aircraft. As noted above, these rates can vary depending on when you fly, where you fly and if your flight is one way or return, plus landing fees, ramp fees and any repositioning can all add to the costs. Always ask for a fully inclusive quote from your broker or operator.
Blade, which doesn’t require membership, also sells flights, but only from December through mid-March and on one route, between Westchester County Airport (with or without a helicopter transfer from Manhattan) and its own terminal in Miami-Opa Locka Executive Airport. From $1,285 each way, fliers travel on a Bombardier commercial jet retrofitted with 16 seats and receive an array of amenities such as catered meals from Dean & Deluca as well as iPad Pros loaded with first-run movies; they also get accommodations for the weekend at Faena Miami, a luxury beachfront hotel.
Purchasing a private aircraft immediately opens a variety of possibilities for business owners, entrepreneurs and sport or entertainment celebrities. Private aircraft allow owners to traverse vast distances quickly, and on their schedule, without the burdens and inconvenience of modern commercial airline travel. In fact, the National Business Aviation Association (NBAA) likens the use of a private plane to a "time machine allowing you to get to where you need to be directly, efficiently and at a reasonable cost."
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.
Over the past several years, global economic conditions led to record levels of pre-owned private aircraft listed for sale, ranging from smaller, propeller-driven airplanes to the largest, most advanced, and most luxurious intercontinental business jets. This truly resulted in a ‘buyer’s market,’ with purchasers able to select from a high number of quality aircraft, often for comparatively low prices.
Though the early Lockheed Jetstar had four, most production business jets have two jet engines, mostly rear-mounted podded engine. If mounted below their low wing, it wouldn't allow sufficient engine clearance without a too long landing gear. The HondaJet is the exception with its over the wing engine pods. Dassault Falcon still builds three-engine models derived from the Falcon 50, and the very light jet market has seen several single-engine design concepts and the introduction of the Cirrus Vision SF50 in 2016.