The answer to the question, on the cost of a private jet, depends on if you are looking to own a plane, or just use and rent one. But ownership or renting is just a starting point, there are multiple other factors to consider, the most important discussions center around what you need the aircraft to do. This article outlines the costs for each option, with some specific examples.
The data from the General Aviation Manufacturers Association (GAMA) shows sales in 2015 were at the same level as 2014. The annual databook reported 718 new business jets sold worldwide in 2015 compared to 722 unit sales in 2014. Here are some of the highlights and the sales by manufacturer.
The Gulfstream G450 entered production in October 2004. Twelve years later, its reliability, performance, and value continue to impress those in the aviation industry, and it remains a leader in its class. Here is a breakdown of the costs you should expect to incur, if you choose to own and operate a Gulfstream G450.
People buy aircraft for a variety of reasons. Both emotions and logic can come into play in making a big purchase decision like this, but as with any major investment, buying a private plane is something that should be well thought through and considered from several angles. We spoke to a number of experts, in this field to go through the steps involved in the purchase process.
The destination is remote, exotic...the perfect retreat. Sometimes however the more exclusive the locale, the more challenging it can be to get there. Some desirable locations have small airports and even smaller runways. Others can be nestled in areas surrounded by mountains, water or cliffs, making it a challenge for pilots to access them. Combined with all this, many of these locations can have extreme weather conditions that add to the challenges.
Since the first one was produced in 1964, the King Air has become something of an icon, with a reputation for low operating costs, durability and ruggedness. But just like a sport utility, it can be equipped with luxury fittings to complement its more adventurous side. Here’s a breakdown on the costs to buy and operate one.
There are a lot of good reasons to use private jets and private aircraft for business. The National Business Aviation Association (NBAA) recently published some comments from senior business leaders about the value of private aviation to their companies.
Several recent forecasts show good growth in the sales of new business jets over the next decade. Some of the forecasts have the market growing for the next five years and then turning down. Others see consistent growth over the ten year period.
Having fast communications to the cabin, is an essential tool on board todays private aircraft. There are numerous choices for the services, technology and hardware. Options include varying degrees of bandwidth from satellite networks or air-to-ground services, coverage areas, security levels, operational features and the all-important terminals, antennas, routers and wireless access points. This article walks through the services, the providers, the equipment and considerations for choosing the best option.
If you're in the market to buy a new aircraft, or even if you're just looking to charter a plane, the fuel burn rate is an important factor, along with the size, range, specs and so on. When buying a car, the fuel efficiency is easily determined and stated in the vehicle specifications. For aircraft, it is not so simple. And yet, the fuel costs can be 50% or more of the annual operating costs, running from hundreds of thousands of dollars a year for a light jet, to millions of dollars a year for heavy jets.