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 and would like a good general overview then download our free Guide to Private Aviation, which includes details on charter, jet cards and fractional ownership. For detailed side by side comparisons of the leading jet card and fractional providers, and a directory of charter operators, then sign up for membership.
The latest news and research on private jets and aircraft is included below.
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.
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.