For the decade starting in 2017, Aviation Week predicts 11,346 deliveries of business aircraft (jets or not) valued at $250.1 billion, with a fleet growing from 31,864 aircraft to 36,702 aircraft (64% in North America): 4,838 more at an average annual growth rate of 1.6%, with 5,835 retirements. For the coming five-year period, Textron Aviation should lead the market with a 22.8% market share, followed by Bombardier with 20.4%, Embraer with 16.6%, Gulfstream with 15%, Dassault with 8.4% then the rest of manufacturers with 16.9%. There should be 22,190 Engine deliveries, led by the Honeywell HTF7000, Williams FJ44, Pratt & Whitney Canada PT6A Medium, Pratt & Whitney Canada PW300 and the Pratt & Whitney Canada PT6A Large. The average utilization should be 365 flight hours per aircraft per year.
Are these lower prices the reason more Americans are chartering planes? Virtuoso’s statistics indicate that the number of private charter trips increased by 10 percent from 2014 to 2016, and statistics from the research company Euromonitor show that the number of passengers in the United States who chartered planes increased from 4.88 million in 2013 to 5.32 million in 2016 (this number excludes helicopter charters).
Prospective aircraft buyers often look for 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: "airplanes for sale", "private jets on sale" or "airplanes on market" for their search.
As Rachel Raymond from West Orange, N.J., tells it, the day last August when she flew on a private jet ranks as one of the most unreal experiences of her life. Ms. Raymond, and her husband, Daniel, along with their three children, took a flight in a seven-seat jet, a Cessna Citation III, complete with two pilots and a well-stocked bar, from Westchester County Airport, in White Plains, N.Y., to upstate Saratoga Springs. The Raymonds had decided to take an impromptu trip to Lake George because they had found a last-minute deal where they could fly on that route for only $500.
For $5.25 million, the HondaJet Elite is the fastest and highest-flying plane in its category of very light jets. Its fuselage features a unique Over-The-Wing Engine Mount (OTWEM) configuration, Natural Laminar Flow (NLF) nose and wing, and composite fuselage, which improve performance and efficiency. It is more fuel efficient and emits less greenhouse gases than other similarly sized twin-engine business jets. HondaJet
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.
The plane can be equipped with live TV signal, wireless internet, and a daylight simulation feature to combat jet lag. The company also just launched the new “Nuage” seat designed for private planes. It dynamically adjusts to one’s body by shifting the weight to a more natural position; there’s also a floating base for easier rotation, and a central swivel to allow passengers to change the seat’s position. Bombardier
Cessna simultaneously developed the Citation Mustang, a six-place twinjet (2 crew + 4 passengers), followed by the Embraer Phenom 100 and the Honda Jet. They have a maximum takeoff weight lighter than the FAR Part 23 12,500 pounds limit, and are approved for single-pilot operation. They typically accommodate 5-7 passengers over a 965 nmi average range, with a $3.6M mean price. Some VLJs such as the Eclipse and Mustang have no or limited lavatory facilities.
A single-entity charter is one in which an individual or company charters a plane and bears the entire cost of the flight, so that the passengers do not pay their own airfare. There is no minimum passenger requirement, since the cost is per flight, not per person. Single-entity charters are typically used for business purposes -- for example, travel to meetings and conferences, incentive travel or VIP leisure travel.
Monarch Air Group provides on-demand air charter services to New York and countless domestic and international destinations. Through select joint venture agreements, we provide an extensive fleet for private, group and executive air charter flights. Our industry experience makes us a leading provider of private jet services to an elite international clientele.
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.
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.
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.
Equipment trust certificate (ETC): Most commonly used in North America. A trust of investors purchases the aircraft and then "leases" it to the operator, on condition that the airline will receive title upon full performance of the lease. ETCs blur the line between finance leasing and secured lending, and in their most recent forms have begun to resemble securitization arrangements.
According to Jahid Fazal-Karim, owner and chairman of the board of Jetcraft, the sweet spot for buying a plane is between three and five years old in terms of value. Fazal-Karim knows what he is talking about, having overseen more than 500 transactions worth over $10 billion in value since he started his career at Jetcraft in 2008. He is often referred to as one of the most powerful players in business and private aviation. Jetcraft
At 102 in (259 cm), the G650ER has the widest cabin yet but should be joined by the Falcon 5X (a Global 5000/G500 competitor) and its replacement, and the 4,500 nmi (8,300 km) Citation Hemisphere in 2021; at 98 in (249 cm), the Global 7000/8000 is wider than the 95 in (241 cm) Global 5000/6000, the same as the Gulfstream G500/G600 and the Canadair Challenger, while the Dassault Falcon 8X is 92 in (234 cm) wide and the G450/G550 88 in (224 cm).