Traveling has evolved. And so has the number of people who can travel by private jet. Earlier, it was only available for a small group of people who could actually afford it, mainly billionaires, celebrities, and other rich people. Although it continues to be as expensive, it is just more available than it was yesterday.
Renting or buying any luxury private jet for sale means one can experience the luxury it holds. Some of which are mentioned below:
Comfort and Convenience
Flying on a private jet means that you will be able to experience distinctively and privately to your destination. The experience becomes similar to that of your home. It becomes more comfortable and smooth.
Consistency of Experience
When choosing the route of flying private, one becomes familiar with the services, crew members, and the staff. The more you know about the team, the more trustworthy the relationship becomes. One can also feel dependent on them when the schedule demands. Being able to fly with the same set of teams, allows you to have a trusted experience, not found in any other private aviation company.
Personalization
Ownership over the private jet means that you can add personalization to your private jet the way you want. This benefit allows you the freedom to do it your way. From painting it to expanding and reconfiguring the cabin spaces, seating, and adding your touch to the interior, you can do it all. One can even bring their pets along. Isn’t that great?
Revenue Generation
Buying a private jet is not an easy and affordable task. It clearly requires a lot of money. By selling some flight hours to companies, one can offset the cost of ownership.
Barriers Exist
While this might seem quite interesting and fascinating, there are a couple of barriers to buying a private jet. Taking these factors into account will help you whether it remains the best choice or not.
Cost
Cost is a huge factor when acquiring a private jet. In addition to the actual price tag of a jet, there are certain other operational costs too that can add up greatly. These include the annual ownership cost, fuel prices, maintenance, crew expenses, catering, landing/parking fees, and much more.
Fixed Costs
The cost of a private jet includes pilot salaries (sometimes plus benefits), insurance more), and the cost of renting a hangar. It also includes a variety of other fixed costs such as refurbishing, recurrent pilot training, computer maintenance, avionics maintenance, and navigation chart service. Regardless of the usage level, these fixed costs continue to add up.
Managing the Flight Schedule
Every aircraft’s needs are different. While some are required for personal use, others are released for revenue generation. Whatever the case may be, it requires professional assistance in synching the schedule of owners, pilots, and passengers. If it is not done adequately, it can turn out to be a challenging task. Following a flight schedule not only saves your time but also reduces excessive costs.
Questions to Ask When Making Deal
Whatever it may be, buying or renting a private jet, make sure you ask the seller these questions for a safe transaction.
Serial Number
Every jet has a serial number. This contains all the important information regarding the ownership, specifications, past history, damages, and a lot more. If one wants to know any aspect of the jet in detail, this serial number will help do so.
Reason for Sale
Although there are numerous reasons to sell a private jet, you should inquire about the reason behind it. After all, you wouldn’t want to inherit someone else’s problem. Your advisor should be able to give you information on the history of the aircraft, including maintenance, usage, and how the aircraft was managed and by whom.
Maintenance and Service records
A damaged aircraft can be repaired, but as a buyer, you need to know why. Understanding the kind of damage that occurred and who fixed it, among other details is perhaps more important in the maintenance record. A proper record will give you the peace of mind that it was properly repaired and maintained timely.
Rightly so, you probably want a safe and sound flying experience, rather than just a label of riding on a Global 6000 business jet that may not promise what you have paid for! Quality matters and these small checks will help you through.
Moving Forward
There are many jets available in the market. But it is always best to establish a relationship with a trusted broker who can provide guidance and expertise during the buying process. Their expertise will not only help you in making the right pick amongst a number of options but also give you a realization of whether you truly need to buy it or you can rent it out and work through it or not. After all, it requires a hefty investment and the right guideline can help you make a sound and informed decision.
