In 1999, Bombardier introduced a new type, the Challenger 300, as part of the growing "super-midsize" private jet class. The Challenger 300 – and later Challenger 350, introduced in 2013 – competes with aircraft including the Cessna Citation X and Gulfstream G280. The Challenger 350 carries passengers 3,200 nautical miles non-stop at a cruise speed of Mach 0.80, and features the widest, purpose-built super midsize aircraft cabin with both a flat floor, and in-flight baggage access.
Members who want to set their own schedule can create a flight and post it to JetSmarter’s app so that other interested members can buy seats for the route and help reduce the cost of the charter; if all the seats on the plane sell, the member who created the flight flies for free. These crowdsourced trips usually top out at $2,000 a person, a fraction of the $8,000 or more per hour it can cost for a traditional charter. “My goal is to make private jet flying less elitist,” Mr. Petrossov said.
The most economical option is chartering, which doesn't require any cash upfront (other than a deposit) through companies like Tradewind, Sentient, and Solairus, (which we took home from North Carolina). Of course, there are the old standbys like NetJets and Marquis, who sell fractional ownership (like 1/16th) of a single jet for upwards of $100K. One step down from that, pricewise, is the jet card, where you buy a set amount of hours from a company like Nicholas or Private Jet Services, and can use those hours for different planes. Then there are membership models like WheelsUp, where you pay $17,500 as an initiation fee to fly in their fleet, and then a $8,500 annual dues fee starting the second year. It's like a country club—only you're guaranteed access to a KingAir350i or Citation Excel / XLS instead of a golf course.
In 2017 Honeywell predicts 8,600 aircraft to be delivered during the next decade for a total value of $264 Billion. Its breakdown is 57% big (85% in value) - super-midsize to business liner, 18% midsize (8% in value) - light-medium to medium, and 25% small (7% in value); the global demand is expected to come from North America for 61%, 15% from Latin America, 14% from Europe, 6% from Asia-Pacific and 4% from Middle East and Africa.
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.
Prospective aircraft buyers often look for private jets for sale by searching Google, gathering information on various makes & models and their performance characteristics, and on condition, age, price and other information about specific jets for sale. Most private airplane buyers use standard phrases like: "private jets for sale", "private jets on sale" or "private jets on market" for their search. Some prefer more specific terms that may include a manufacturer’s name along with the aircraft model number, and configuration features such as a particular upgraded avionics package. Searching for aircraft for sale online using very specific terms 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.
Because the cost of a high-end modern private aircraft may be tens of millions of dollars, lending for aircraft purchases is accompanied by a security interest in the aircraft, so that the aircraft may be repossessed in event of nonpayment. It is generally very difficult for borrowers to obtain affordable private unsecured financing of an aircraft purchase, unless the borrower is deemed particularly creditworthy (e.g. an established carrier with high equity and a steady cash flow).
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 1 April 2017, there were 22,368 business jets in the worldwide fleet, of which 11.2% were for sale. 5-year old aircraft residual value level is at a 56% of the list price. A new business aircraft depreciate by 50% in five years before depreciation flattens between years 10 and 15, and the owner of a 15 to 20 years old is often the last, matching luxury cars.