Every business owner should have goals for their company beyond simple numbers. Something they can revel in as a standard of their accomplishments. Buying a private jet plane or using a private plane charter may be a objective that helps a company while also letting the owner realize he has made progress. Nevertheless, there are a plethora of circumstances to be contemplated before pursuing private jet ownership.
Corporate Jet Ownership Costs
Private jet cost of ownership is very high, unconscionably so. Realize that the corporate jet purchase will amount into the millions of dollars. Then there is the private jet services necessities such as staff, fuel, maintenance, fees, pilots, insurance, etc. A lot of airplane ownership is time restricted as the owner realizes the real cost of ownership, then the owner will sell out. Mainly, when a huge economic slide is for the worse. An A-List athlete or movie star can afford a business jet aircraft for the time income is rolling in, but when the inevitable dips come the plane is the primary indulgence tossed.
Corporate Jet Travel
The sole being that can manage long-term the cost of private jet ownership are Fortune 500's. Because the corporation covers the costs for executive jet aviation, the company brass can fly in indulgent style. Still, in recent years this benefit is taking a beating by stockholders and even Congress, as this expense is difficult to condone.
Private Jet Fractional Ownership
The primary fiscal forms of ownership of a private jet plane is to decide on fractional ownership. Buying into a aircraft fractional ownership is actually buying into a jet fleet. Truly, one will gain a portion in a fractional aircraft, but with fractional ownership one will be allowed to use the whole jet fleet. It is a whole selection of fractional luxury. One buys a portion of a fractional jet and make a reservation for a jet typically with a five to seven hour advance notice anywhere in the continental US. A hourly fuel and service charge will often be required for flights. Netjet is a fractional jet ownership program.
A different form of private airplane "ownership" is a jet card. Like fractional ownership, but one is not required to purchase a portion of a plane. Instead one purchases a program and they utilize the fleet at a flat rate for hours in flight. There is an initial investment but that is used as a pre-paid account of hours to be drawn from, like a pre-paid card. Sentient is such a jet card.
Private jet plane ownership has alternatives that makes more financial sense for corporate and individuals flying in a private jet plane.