Buying a Private Jet


Buying a private jet is the right decision if you travel a lot and your business requires it. When it comes to private jets, there is a wide range of choice available to the customers, but there are certain factors that you need to take into account before finalizing the deal. Here are a few things that should be kept in mind while buying a private jet:

How frequently you fly: This is an important factor because if you are not flying too often, then you should rather go for air charters than owning a private jet. Aviation experts suggest that if you and your employees spend more than 360 hours in traveling by air, then you should go ahead with buying a jet, if it is anything less, you should prefer charter flights or consider a part ownership.

The additional costs: The cost of a private jet involves much more than price that you pay for the jet. Other costs include fuel cost, pilot and crew wages, airport fees, insurance, etc. and these should be kept in mind before making the purchase. Usually, these recurring costs increase the total cost of owning a private aircraft significantly. In addition to the above factors, you also need to consider the size of the aircraft depending on the number of people who are going to travel in it. Private jets are available in various sizes, such as light aircraft, mid aircraft, heavy aircraft, and airliners, you can easily find one to meet your needs.

Fractional ownership: In case you do not fly a lot but would still like to buy a private jet because of its advantages, then you can consider fractional ownership. A lot of people decide to have a combined ownership of a jet. However, it is essential that proper paper work is done to ensure that there are no disputes later. Another option to lower the acquisition cost is to use the private flight for personal use as well as commercial purposes.

 Once you are through with the analysis, it is time to buy your private jet. There are a lot of technical details that need to be looked into carefully before making a final decision of buying a private jet. This is where Jetset Charter can assist you. Jetset Charter has a team of sales professionals who have assisted numerous buyers and sellers with sale and purchase of jets. The sales agents of Jetset Charter will help you with negotiations, contracts, tax ramifications and various other aspects of private jet sales.