Monarch Air Group provides on-demand air charter services to New York and countless domestic and international destinations. Through select joint venture agreements, we provide an extensive fleet for private, group and executive air charter flights. Our industry experience makes us a leading provider of private jet services to an elite international clientele.
Cessna simultaneously developed the Citation Mustang, a six-place twinjet (2 crew + 4 passengers), followed by the Embraer Phenom 100 and the Honda Jet. They have a maximum takeoff weight lighter than the FAR Part 23 12,500 pounds limit, and are approved for single-pilot operation. They typically accommodate 5-7 passengers over a 965 nmi average range, with a $3.6M mean price. Some VLJs such as the Eclipse and Mustang have no or limited lavatory facilities.
Private Jet Services has a vast client base that stretches throughout the sports, entertainment, corporate and government industries. Since its foundation in 2003, PJS has supported recording artists such as The Rolling Stones, Maroon 5, Beyonce, Guns N’ Roses and Fleetwood Mac, along with multiple professional and NCAA athletic teams. Altogether, our clients have won an impressive number of awards and trophies, demonstrating that only the best fly with PJS.
Hong Kong leveraged lease: In Hong Kong, where income taxes are low in comparison to other countries, leveraged leasing to local operators is common. In such transactions, a locally incorporated lessor acquires an aircraft through a combination of non-recourse debt, recourse debt, and equity (generally in a 49-16-35 proportion), and thus be able to claim depreciation allowances despite only being liable for half of the purchase price. Its high tax losses can then be set off against profits from leasing the aircraft to a local carrier. Due to local tax laws, these investments are set up as general partnerships, in which the investors' liability is mainly limited by insurance and by contract with the operator.
Aircraft charter brokers have entered the marketplace through the ease of setting up a website and business online. Aircraft charter operators are legally responsible for the safe operation of aircraft and charter brokers require no economic authority and are largely unregulated. The Department of Transportation requires that air charter brokers disclose to the consumer that they do not operate aircraft and cannot use terms like "our fleet of aircraft", "we operate", "our charter service" and others.
No trip is alike. At XOJET we work with clients to select the right aircraft for each mission, the savviest method to flying smart. We believe in delivering the most value on every flight, which typically begins with selecting the right aircraft for the right mission. Each step of the way, your Aviation Advisor is committed to meeting your specific needs by presenting the most complete range of options and finding the best solution for your trip.