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."
Companies like Surf Air and FLITE Air Taxi can charge less than big-name competitors, in part, because they use different planes — like, for example, single-prop turbo planes — that cost less to operate because they use less fuel than larger jets. “The operational cost can be a fraction of other planes,” says Justin Hart, vice president of Surf Air memberships.
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.
The very light jet (VLJ) is a classification initiated by the release of the Eclipse 500, on 31 December 2006, which was originally available at around US$1.5 million, cheaper than existing business jets and comparable with turboprop airplanes. It accompanied a bubble for air taxi services, exemplified by DayJet which ceased operations on September 2008, Eclipse Aviation failed to sustain its business model and filed for bankruptcy in February 2009.
For those who don't mind mingling with strangers, companies like Tradewind offer shuttles between places like New York and Boston, Stowe, and Nantucket, as well as Caribbean Islands like St. Barth's and Anguilla. (Flights begin at $250 plus tax each way.) The bonus? On a route from from San Juan to St. Barth's, a Tradewind rep will meet you at your terminal and help shuttle you through. JetSuiteX, affiliated with JetBlue, sells seats on planes between Burbank and Las Vegas.
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.