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.
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.
Monarch Air Group provides on-demand air charter services to and from Miami on a regular basis. Through select joint venture agreements, we charter an impressive range of aircraft, from single-piston to heavy jets. Whether you are flying for business or pleasure, we will provide the maximum level of reliability, flexibility and luxury. Every client is a VIP, so just let us know your schedule, budget, and special requests.
Steve Wooster, the managing director of services and air operations for the luxury travel network Virtuoso, said that the proliferation of private jet brands has led to these lower prices. “There are many more suppliers than there ever used to be, and competition means prices have dropped,” he said. “Private jet flying is now open to a diversity of passengers, not just C.E.O.’s.”
Purchasing an aircraft is a significant investment. As with any major purchase, private aircraft buyers want to be sure they’re seeing all the available private jets for sale that meet their criteria, so that they can compare the price, configuration and condition of all such currently available private jets for sale worldwide. Moreover, many buyers who plunge into the market without the help of an expert advisor may not even have properly identified the best airplane for their needs, and a buyer can’t make a great deal on the wrong airplane.
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Privacy is one of the main advantages of a charter flight. Unlike a commercial flight, where travelers are herded through a crowded airport, having to undergo an intrusive security screening, passengers on a charter flight depart from a private facility known as an FBO. At most private airports, passengers can pull their cars right up to the plane.
Under American and British accounting rules, a finance lease is generally defined as one in which the lessor receives substantially all rights of ownership, or in which the present value of the minimum lease payments for the duration of the lease exceeds 90% of the fair market value of the aircraft. If a lease is defined as a finance lease, it must be counted as an asset of the company, in contrast to an operating lease which only affects the company's cash flow.
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).