In the United States, business aircraft may be operated under either FAR 91 as private operations for the business purposes of the owner, or under FAR 135 as commercial operations for the business purposes of a third party. One common arrangement for operational flexibility purposes is for the aircraft's owner to operate the aircraft under FAR 91 when needed for its own purposes, and to allow a third-party charter-manager to operate it under FAR 135 when the aircraft is needed for the business purposes of third parties (such as for other entities within the corporate group of the aircraft's owner).
Regal Air has been the top Flightseeing and Bear Viewing company in Alaska for over 33 years, and we have done it with an unsurpassed safety record. We know there is no better way to share this amazing and majestic country with our visitors than to take to the skies, and by doing so we get you into the heart of Alaska. Regal Air has many fantastic Flightseeing and Day Trips leaving daily from Anchorage.
Business airliner can be contracted as bizliner. Airliners converted into business jets are used by sports teams or VIPs with a large entourage or press corps. Such airplanes can face operational restrictions based on runway length or local noise restrictions. They can be the most expensive type of private jet as they provide the greatest space and capabilities.
Are these lower prices the reason more Americans are chartering planes? Virtuoso’s statistics indicate that the number of private charter trips increased by 10 percent from 2014 to 2016, and statistics from the research company Euromonitor show that the number of passengers in the United States who chartered planes increased from 4.88 million in 2013 to 5.32 million in 2016 (this number excludes helicopter charters).
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.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.)
Some prefer more specific terms that may include a manufacturer’s name along with the aircraft model number, and configuration features such as a distinct cabin layout or upgraded avionics package. However, even using very specific terms when searching for aircraft for sale online may miss some listings due to variations in identification; for example, “Gulfstream G550” vs. “Gulfstream G-550.” More inclusive searches, such as “Gulfstream, large-cabin jet” yield more results.
JetSuite is one of several private aviation companies attempting to make private jet flying accessible to travelers who aren’t part of the billionaire or even millionaire set. In many cases, these companies such as Blade and JetSmarter, are able to offer flights at appealing prices because the trips are shared with a small group of other passengers. While this may not be private flying in the vein of having an entire plane to yourself, travelers fly in and out of small, private airports where they usually don’t have to deal with the Transportation Security Administration and can arrive just five to 15 minutes before their departure time.
At 102 in (259 cm), the G650ER has the widest cabin yet but should be joined by the Falcon 5X (a Global 5000/G500 competitor) and its replacement, and the 4,500 nmi (8,300 km) Citation Hemisphere in 2021; at 98 in (249 cm), the Global 7000/8000 is wider than the 95 in (241 cm) Global 5000/6000, the same as the Gulfstream G500/G600 and the Canadair Challenger, while the Dassault Falcon 8X is 92 in (234 cm) wide and the G450/G550 88 in (224 cm).
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
In October 2017 Jetcraft forecasts 8,349 unit deliveries in the next decade for $252 billion, a 30.2 $M average. Cessna should lead the numbers with 27.3% of the deliveries ahead of Bombardier with 20.9% while Gulfstream would almost lead the revenue market share with 27.8% trailing Bombardier with 29.2%. For 2016-2025, Jetcraft forecasted Pratt & Whitney Canada should be the first engine supplier with 30% of the $24B revenue, in front of the current leader Rolls-Royce at 25%. Honeywell will hold 45% of the avionics $16B revenue ahead of Rockwell Collins with 37% and Garmin.