Currently, approximately 10 percent of the worldwide fleet of private aircraft is for sale. That serves to keep prices down; however, the projected decrease in new private jet deliveries could bring an uptick in transaction prices on preowned aircraft, particularly over the next 2-3 years. Aviation consultants and industry professionals have also reported seeing a recent rise in the number of first time private plane buyers brought into the market by today's bargain prices for private jets.
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.
But for travelers who only want their own chartered plane without having to pay an exorbitant price, there are options like JetSuite’s “SuiteDeals.” The company’s primary business is private jet charters for hourly rates of between $4,000 and $7,000 while “SuiteDeals” are sales of flights called empty legs — routes that jets are scheduled to fly on without any passengers.
Japanese leveraged lease: A JLL requires the establishment of a special purpose company to acquire the aircraft, and at least 20% of the equity in the company must be held by Japanese nationals. Widebody aircraft are leased for 12 years, while narrowbody aircraft are leased for 10 years. Under a JLL, the airline receives tax deductions in its home country, and the Japanese investors are exempt from taxation on their investment. JLLs were encouraged in the early 1990s as a form of re-exporting currency generated by Japan's trade surplus
The most economical option is chartering, which doesn't require any cash upfront (other than a deposit) through companies like Tradewind, Sentient, and Solairus, (which we took home from North Carolina). Of course, there are the old standbys like NetJets and Marquis, who sell fractional ownership (like 1/16th) of a single jet for upwards of $100K. One step down from that, pricewise, is the jet card, where you buy a set amount of hours from a company like Nicholas or Private Jet Services, and can use those hours for different planes. Then there are membership models like WheelsUp, where you pay $17,500 as an initiation fee to fly in their fleet, and then a $8,500 annual dues fee starting the second year. It's like a country club—only you're guaranteed access to a KingAir350i or Citation Excel / XLS instead of a golf course.
At Pentastar Aviation, we focus first and foremost on passenger safety. There are no age restrictions for passengers on private jets. Just let us know if you are traveling with a child, and we’ll be sure the aircraft selected for your trip will accommodate your family’s needs. Please note, however, neither PACI nor Pentastar Aviation will transport unaccompanied minors under the age of 18. Domestic pets are allowed on some aircraft. Make sure to let your charter sales representative know if you will be traveling with a pet so we can accommodate your request. Please note that exotic animals may not be allowed, especially on international flights.
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.
JetSuite.com, which flies to more than 2,000 airports, aggregates private jet flights with empty seats to offer daily “next-day” deals. You can rent the entire plane — a max of 6 seats — starting at just $536 each way, which shakes out to less than $90 per person. Past deals have included a flight for six people from Oxford, Conn., to Philadelphia for $536.43 (that’s about $90 per person, which includes the 7.5% federal excise tax), a flight for four people from Los Angeles to Cabo San Lucas, Mexico, for $499 (that’s about $124 per person); for four people from Orange County, Calif., to Chicago for $536 (that’s about $135 per person); and for six people from Teterboro (in New Jersey, near New York City) to Nassau, Bahamas, for $1,074 (that’s about $179 per person). (In all of the above cases, to get the per person rate, you must book all seats on the plane.)
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.
And typically, you can’t just buy one discount ticket on these planes; they’ll want you to pay for the whole cost of the plane, so you’ll need to find a group to go with you to get the most savings. Plus, if you want to save big, you likely won’t get a brand-new primo jet, as these tend to cost more. And finally, there’s the issue of safety: Private chartered planes tend to get in more crashes than commercial jets — though they are still far safer than cars. Most small-plane accidents were due to pilot error, so call the private jet company to determine how many hours of flying experience your pilot has.
Finding quality flight concierge services you can rely on can be a challenge for many business owners. If you’re not sure which charter flight service to choose from, we invite you to get to know Charter Jet One. At Charter Jet One, we know that every detail regarding your trip is important. You have chosen to travel on a private jet charter for luxury, comfort, privacy and convenience. To ensure this remains true for every aspect of your trip, we offer 24-hour corporate concierge services to every prospective traveler.
Overseeing every detail of your trip are handpicked A&K staff members, including the Tour Director and Tour Managers. These globe-spanning experts travel with you from start to finish to keep things running smoothly while the finest local guides join you in each destination to add a personal perspective to every encounter. A dedicated Luggage Manager also accompanies your journey, overseeing the handling of your luggage between each destination as part of A&Ks Travelling Bell Boy® service.
And FLITE Air Taxi offers a la carte private plane flights for reasonable rates: A flight from Boston to Saratoga, N.Y. costs $541 per person (you will need six people to fill the plane, so $3,250 for the whole flight), as does one from New York City to Martha’s Vineyard and from Block Island to Worcester, Mass.; this does not include federal excise taxes (7.5% of the cost of the flight) but does include other fees.
By making use of our Premium Catering service, you can customize the refreshments on your flight to the demands of you and your fellow passengers. Our flight concierge helps you select the right food and drink should you wish to fuel up for an afternoon meeting or entertain clients during travel. Charter Jet One will arrange your catering needs during the booking process. Specific catering availability may vary based on your location and time of departure.
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.
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.
PrivateJets.com is an online charter marketplace brought to you by Sentient Jet, the largest arranger of private air charter in the U.S. Sentient was founded in 1999 and has over ten years of leadership and experience in private aviation. PrivateJets.com was created to provide a comprehensive online resource for all types of private jet travelers.
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