With its dedication to helping clients buy and sell aircraft, The Private Jet Company (TPJC) realizes that clients sometimes need financing in order to complete a timely transaction. To meet these customer needs, TPJC can assist and at times provide financing to help expedite a private aircraft purchase. Financing the purchases of private aircraft is similar to mortgage or automobile loans, though the details of the agreements are much more complex, and the aircraft purchase price usually much greater than a home or car. TPJC’s in-house financing specialists can assist with all aspects of transaction financing, but the basic transaction process of a private jet aircraft acquisition is often as follows:
PrivateJets.com is an extension of Sentient Jet Charter, LLC (“Skyjet”). Skyjet arranges flights on behalf of clients with FAR Part 135 air carriers that exercise full operational control of charter flights at all times. Flights will be operated by FAR Part 135 air carriers that have been certified to provide service for Skyjet and that meet all FAA safety standards and additional safety standards established by Skyjet. Skyjet is a registered trademark of Sentient Jet Charter, LLC, dba Skyjet.
The Bombardier Challenger 600 began as a proof-of-concept business aircraft design from American aircraft pioneer Bill Lear. The design was subsequently purchased by Canadair, the predecessor to Bombardier, in the late 1970s. Canadair further refined the design and certified the aircraft in 1980. The type really “took off,” so to speak, with the follow-on Challenger 601, introduced in 1983, which replaced its predecessor’s Avro Lycoming engines with modern General Electric CF43-1A turbofans designed for high-utilization commercial airline service.
Fliers with flexibility should sign up for empty-leg email lists of companies like Magellan Jets, who regularly send out emails selling discounted flights from, say, the plane of a corporate exec who flew to Los Angeles but is looking to offset his cost of getting the plane back to New York. “I wouldn’t say that the cost of flying private has gone down, but there are new ways of pricing charter that makes it more accessible,” says David Zipkin, co-founder and VP of Tradewind, the service known for semi-private flights in the Northeast and Caribbean. “In our case, we save people money with our shared charters, and we also sell discounted empty legs.”
Charter, also called air taxi or ad-hoc flights require certification from the associated country's regulating body such as the FAA in the U.S. The regulations are differentiated from typical commercial/passenger service by offering a non-scheduled service. In the U.S. these flights are regulated under FAA Part 135. There are some cases where a charter operator can sell scheduled flights, but only in limited quantities.
Private aircraft finance options provide a variety of ways to purchase or lease an aircraft that can be tailored to meet the financial needs of almost any business or individual with ongoing need for access to a business jet. The aircraft financing professionals at TPJC stand ready to discuss all your options and arrange a financing solution to meet your business jet purchasing needs. Please contact us at 561-691-3545. A global company, TPJC professionals are available 24/7/365.
Perhaps most important for many business professionals, however, are the freedom and security that only private jets can offer. A private jet is a productivity multiplier, allowing you and your company to be more competitive, nimbler, and more successful, by optimizing your time, flexibility, and efficiency. In today's ever-competitive global marketplace, a private jet enables direct, face-to-face contact with clients, customers, and personnel, to a degree not otherwise possible.
On an A&K Private Jet Journey, your small group of 50 like-minded guests travels on an exclusive itinerary packed with immersive insider-access opportunities, fine dining and invitation-only cultural events curated by our local experts around the world. Jet from one destination to the next aboard a chartered Boeing 757 with fully lie-flat, first-class seats and featuring a staff of expert tour managers, a dedicated flight crew, an Executive Chef and an onboard physician. Finish each day in accommodations chosen for their comfort, hospitality and true local character on a journey that combines luxury, authenticity and expertise as only A&K can.
Extendible operating lease: Although an EOL resembles a finance lease, the lessee generally has the option to terminate the lease at specified points (e.g. every three years); thus, the lease can also be conceptualized as an operating lease. Whether EOLs qualify as operating leases depends on the timing of the termination right and the accounting rules applicable to the companies.
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.”
Ms. Broder frequently books private jets for clients and gets a weekly list from several private jet companies of empty leg availability for the coming week (other agents specializing in private jet travel also get similar lists). Recent flights included an $8,500 trip from Naples to Cleveland on a Beechjet 400A, a plane that seats seven people, and a $6,500 trip from Scottsdale, Ariz., to Colorado Springs on a Learjet 45XR, accommodating eight fliers.
About 70% of the fleet was in North America at the end of 2011. The European market is the next largest, with growing activity in the Middle East, Asia, and Central America. In 2015 the total airplane billing amounted to US$21.9 billion, and 718 business jets were delivered to customers across the globe : 199 (27.7%) by Bombardier Aerospace, 166 (23.1%) by Cessna, 154 (21.4%) by Gulfstream Aerospace, 120 (16.7%) by Embraer and 55 (7.7%) by Dassault Falcon.