Own Or Charter A Private Jet
When it comes to making the choice between buying a jet or leasing one, the main deciding factor should be cost-effectiveness. Charter flights sometimes can provide you with same advantages that owning a private aircraft can. The only difference being that you do not own the plane. Ask yourself if it is really worth the money and the additional work that comes with ownership. The answer is probably no, which is why I would recommend getting into a good relationship with a charter flight provider instead.
Cost of Owning a Private Jet
When considering to purchase a private jet, there are a number of things that you really need to know. Firstly, the cost of buying the jet itself. Is your saving big enough to carry the expenses? Even after spending between $4 million and $50 million on a private jet, you still need to think about where to house the jet. That probably means renting a hangar at the local airport or better still building one.
Next, you need a highly qualified crew including a pilot on standby for whenever you wish to travel. You will be subjected to certain taxes and of course continuing maintenance costs.Then once this is taken care of, you will have fuel costs and a myriad of other expenses. Not only is owning your own private jet expense, but unless you are also going to hire someone to manage it, then it can also be downright time-consuming! So before taking the plunge, take some time to consider another option.
Advantages of Owning a Private Jet
You certainly will also enjoy something when you own a personal aircraft.
You can easily book travel when required and get all of the luxuries of flying a private jet without the additional expenses. There are lots of advantages that are associated with this option.with this option such as
Traveling with pleasure.
No check issues.
No waiting in line.
No sticking to someone else’s schedule.
You will also find that you are much more comfortable and have plenty of space to move around. And many more.
Cost of Hiring a Private Jet
The cost to hire a private jet varies significantly depending on a number of variables including where you are going when you are returning and what kind of jet you are hiring. Other variables that can affect the cost of a private jet hire include which airports you use and if the plane has to fly to that airport to pick you up.
The major cost of hiring is in term of its monetary aspect. But compared to buying an aircraft it’s much more advisable.
Advantages Derived Hiring Compared to Owning a Private Jet
You derive a lot of advantages when you hire or charter an aircraft compared to buying one. Few points include :
You are less concerned with maintenance and expenses that follow it.
Reduce risk. And many more