Jet ownership will absolutely change your life. It gives you back your time and schedule. When entered into with the correct expectations, most owners will never go back to another way of flying.
Many first-time buyers are coming from NetJets and VistaJet or have been chartering for many years and are ready to take the step into ownership. Ownership provides a very personal experience that charter cannot. There are many benefits of owning a jet and ways to get the most out of your ownership.
Personalization
Make your jet your own. Put your mark on it so it reflects your style and personality. You can choose the interior colour scheme and upholstery materials you would like for your seats, side panels and other soft goods. If you want to upgrade the entertainment system, you can do a full overhaul or a less costly option of installing Apple TV or other casting services that are now available for private jet use. Select the dishes and stemware you want to use for your catering making every meal or snack an elegant affair.
Select your exterior paint colours and design the livery. Your tail number can be exactly what you want so every time you look on the ramp you can spot your aircraft with pride.
As an owner, you are in control and can personalize your jet as you want. It will be something you are excited to fly and show friends and family.
Familiar Crew
Because your pilots and possibly a flight attendant will be hired personally, you will know exactly the quality of their training, as well as become familiar with them as individuals. You can have a relationship with them so they know your desires and needs to prepare for you every time you fly. The service your crew provides can be a major component of your overall happiness; a known crew you appreciate and enjoy can be a big benefit for an owner.
Fly Anytime
Your jet flies on your schedule. If you are coming from the world of charter, you probably understand that securing the exact dates you want for a holiday in August, for example, can be difficult. You are competing with other clients who all want those summer dates to use the charter company’s jets. However, when you own, you can fly whenever you desire – last minute or planned in advance.
Fly Anywhere
Flying private opens a vast amount of airport pairings that are unavailable when flying commercial or with charter. You can fly direct from your airport to runways that would be inaccessible to commercial and even some charter flights. You no longer need to go through major city airports to access smaller cities and towns where you need to be.
– What to Know Upfront –
Ownership will not be more cost effective than charter. Your motivation for buying a jet should not be for financial reasons when compared to your current charter expenses. It is the intangibles of jet ownership that cannot be quantified on a spread sheet that really bring value and worth to owners.
Run a basic cash flow chart to know your obligations up front. Your broker will be able to assist you in this during your aircraft search. Understand what costs will be occurring yearly such as crew salaries, maintenance upgrades and inspections coming due. An honest evaluation will allow you to better understand an estimate of what your ownership financial costs will be.
