With the well documented issues in commercial flying more and more people have found reasons to turn to private aircraft.
There are a variety of options to consider. The starting point is how often you want to fly privately.
Once you reach about 50 hours of flying a year then fractional aircraft ownership can start to make sense and above 300 or so hours per year whole ownership is worth looking into. Here is some core information to help you understand the options.
All of the major providers have expanded over the last few years. Many now offer a wide range of products and solutions to meet the needs of various clients. If you're looking at the different options then download our Guide to Private Aviation, which compares the products and providers.
The latest news and research on private jets and aircraft is included below.
Flexjet joined the Directional Aviation Capital fold about 18 months ago and since that time has been undergoing quite a transformation. We recently caught up with Christopher Bero, SVP Marketing at Flexjet to talk through all the changes that the company has been putting in place.
The term "memberships" gets used a lot when referring to private aviation companies and the products that they offer. This article looks at the variety of different products that are referred to as "memberships" and will give you some clarity, so that you can understand whether a membership is right for you.
Surf Air launched in 2013 and offers Californian consumers an alternative to the inconvenience and crowds of regular commercial air travel. Surf Air's concept is simple: a membership club for the skies. A fixed monthly fee entitles members to unlimited flights on their fleet of aircraft.
Today's business jet aircraft cabins provide high definition video, surround sound audio, full color spectrum mood lighting, and complete cabin control right at your fingertips. Business jet passengers can literally have their home theater or office functionality from take-off to touchdown. But what are the things to think through in either a new aircraft or if you're looking at a used plane?
For a limited-time this summer, Air Partner is offering a 5-hour jet card for fliers looking to "get their feet wet". Cards like these are a good way to explore whether a jet card is the right solution for your travel needs.
The 2014 General Aviation Statistical Databook & 2015 Industry Outlook report was recently released. The annual report, compiled by the General Aviation Manufacturers Association (GAMA), includes details of new business jet sales in 2014. Last year saw a 6.5% increase from 2013's sales, with a total of 722 planes sold.
Many charter aircraft operators stress safety and sound operating procedures, and indeed, every operator has to meet certain standards set by their governing civil aviation authority (such as the FAA). Wyvern is an independent company that ensures operators are applying best practices. At its highest level of rating, Wyvern offers the Wingman certification. When you fly with a Wyvern Wingman Operator, you know that you have chosen an operator who has gone the extra mile in safety and quality.
Now in its second year, Magellan Jets is offering a 10 hour jet card to help children and parents visit college campuses. In addition to the aircraft, Magellan will coordinate all aspects of the trip. The pricing starts at $43,500.
Sentient Jet recently reported that it grew revenue 17 percent to $178 million in 2014. Sales at the jet card provider increased 25 percent to $214 million year-over-year.
The Citation CJ3, also known by its model number 525B, was first delivered in 2004 and was the third model in the line up of the popular CitationJet, abbreviated to CJ series. This article walks through the specifications and the various costs of ownership for the CJ3, including a scenario that includes charter revenue.
As the market for large cabin private jets continues to grow, new lenders are emerging to help individuals and corporations finance their aircraft acquisitions. Global Jet Capital started last year and offers a variety of financing options, including operating leases.
If you're weighing up whether to buy your own private aircraft or whether to buy a fraction, the simplest advice you'll hear is how much do you fly? But this is just a basic starting point. The real deciding points are how are you going to use it, what is your budget and what are your personal travel preferences.
If you own your own aircraft or if you're considering buying one, the choice of an aircraft management company is probably one of the most important decisions you'll need to make. This article walks through the things to consider in making this selection.
The trend seen in 2013 of more larger aircraft being sold appears to be continuing. Led by both a slowly growing global economy, as well as an increase in billionaires worldwide, the average asking prices for heavy jets have steadily increased since 2012, reaching a $15.4 million peak in April (according to AMSTAT).
Sentient Jet is offering a limited quantity, special edition 25-Hour Jet Card beginning November 24, 2014 through December 31, 2014. Card buyers receive an exclusive holiday package valued at over $9,000.
The company recently announced that it has obtained its CCAR-135 operation certificate from the Civil Aviation Administration of China. This allows NetJets to begin offering private aircraft charter services in China. NetJets is the first global private aviation brand to begin operating in China.
Fractional and jet card operator Flexjet recently announced a relationship with Gulfstream for up to 50 aircraft. These include the new Gulfstream G500, for which Flexjet will be the North American launch customer and sole and exclusive fractional provider offering access to the aircraft.
"What is the cheapest way to fly in a private plane?" We've heard and been asked this question many times over the years. So to be very clear, flying privately is not cheap. As a general rule, commercial air travel is a more economical option for travelers. However, there are some controllable factors that do affect pricing.
There are several providers of fractional light jet programs and between them these providers offer a variety of aircraft. Here's an overview and comparison of some of the key aspects of the programs.
If you are looking to assess the various private jet options, SherpaReport's fully updated "Guide to Private Aviation" is now available. The updates include the latest trends, prices, and products offered in private aviation. Now in its fourth year, the "Guide to Private Aviation" is a free downloadable guide that provides valuable information for anyone considering and assessing fractional ownership, jet cards or aircraft charter.
Latest Aviation Research
- Types of Private Aviation Memberships
- Cabin Management Systems in Business Aircraft
- Business Jet Sales in 2014
- The Costs to Own and Operate a Cessna CJ3
- Deciding between Fractional Aircraft vs Whole Ownership of a Plane
- Aircraft Management – Choosing a Provider
- Growth in the Large Jet Market
- Overview of Fractional Shares in Light Jets