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
While today’s connected society allows people to access a vast wealth of information, right at their fingertips, the reality of the Web is that it provides a very incomplete picture of private jets for sale or the private jet marketplace. Indeed, many of the best aircraft for sale never appear on the Internet, as they’re bought and sold among Aircraft Brokers for their clients without ever being listed for sale.
Customers can opt for a number of interior setups including a bedroom or living area. Given the range of the ACJ320neo, inflight naps would be a must for on-the-go travelers. Customers love the plane for its spacious cabin interiors, which are nearly twice the size of planes within the same price range from Gulfstream and Bombardier, according to Airbus. Airbus
The 91,000 lb (41,000 kg), 6,750 nmi Gulfstream G550 was selected for the IAI EL/W-2085 Conformal Airborne Early Warning AESA radar for Italy, Singapore and Israel (which also has IAI Sigint G550s) while L3 Technologies transfers the U.S. Compass Call electronic-attack system to the G550 CAEW-based EC-37B, like the NC-37B range-support aircraft, and will modify others for Australia’s AISREW program, Northrop Grumman proposes the G550 for the J-Stars Recap;
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.)
Aircraft brokers make it their goal to become trusted advisors to the buyer. A professional Aircraft Broker will not only present the most current and desirable available aircraft on the market; they will also guide the buyer throughout the entire transaction, including price negotiations, as well as recommendations for legal and tax advisors, aircraft inspection specialists, suitable FBO facilities, and any other services to assist in consummating the best possible deal for the aircraft purchase.
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.
There are some significant additional caveats to discount private plane travel. Often these deals are only for one-way flights, so they will then need to find an alternative way back. It’s also important to understand that there may be extra fees added to the cost of your flight — such as airport or landing fees — so read the contract to determine what’s included and what’s not. De-icing fees, for example, can be significant and may be passed on to consumers, says Jeff Trance, the SVP of private jets for the U.S. for jet charter company Air Partner.
Charter operators own or manage private jets for multiple clients. Like traditional flight departments, charter companies handle all aspects of aircraft operation and maintenance. However, they are not aligned with just one corporation. They manage aircraft for a private owner or corporation and also handle the sales of available flight time on the aircraft they own or manage. Maintenance services can also be provided which typically include on-site or mobile repair, major and minor routine inspections, troubleshooting assistance away from base, avionics installation and repair, jet engine and battery service, interior modifications and refurbishment, Inspection Authority (IA) qualified inspectors, aircraft planning and budgetary projections, compliance with service bulletins, aircraft storage management, record keeping and management, technical appraisal of private jet purchases, leases and lease terminations, and Part 91 or Part 135 conformity inspections.