WHAT ARE THE OPTIONS?
Exploring the realm of private aviation might seem a bit complex with all the choices available. So, let’s break it down for you: here are the different ways people fly privately, explained in simpler terms.
ON-DEMAND CHARTER
With on-demand charters, you pay for each trip separately, based on factors such as aircraft type, flight duration, distance, and any additional services requested. This transparent cost structure allows for better budgeting and no hidden fees.
Cost Structure
With on-demand charters, you pay for each trip separately, based on factors such as aircraft type, flight duration, distance, and any additional services requested. This transparent cost structure allows for better budgeting and no hidden fees.
Access To A Wide Range Of Aircraft
On-demand charter provides access to thousands of aircraft globally. This extensive network allows clients to select the perfect aircraft for their specific mission or travel requirements, ensuring flexibility and choice.
No Membership Costs
Unlike other private aviation options, on-demand charters do not require any membership fees or long-term commitments. Clients can utilize the service as and when needed without incurring additional costs.
Global Availability
On-demand charters offer the advantage of global access. Whether you need to fly locally or to a remote destination, you can find suitable aircraft options around the world, ensuring your travel needs are met regardless of location.
JET CARDS
Jet cards provide clients with a pre-purchased block of hours or credits from a specific operator. Here’s an in-depth overview of this segment:
Access To Specific Aircraft
Jet card holders have access to a fleet of aircraft operated by the selected provider. While this restricts access to the operator’s specific aircraft, it can still offer a range of options suitable for various travel needs.
Home Base Convenience
Jet cards often offer access to aircraft based at the client’s home airport or within a specific region. This can be advantageous for clients who frequently travel within a particular area, as it minimizes positioning costs and increases convenience.
Limited Global Access
Compared to on-demand charters, jet cards may have limitations on global access. Clients might face restrictions in terms of aircraft availability for specific destinations, particularly if the selected operator does not have an extensive global network.
Flexibility Within Purchased Hours
Jet cards provide flexibility within the purchased hours or credits. Clients can schedule flights based on their needs, subject to aircraft availability and the terms and conditions of the jet card program.
FULL AIRCRAFT OWNERSHIP
Full aircraft ownership involves purchasing an aircraft outright and assuming complete responsibility for its operation and maintenance. Here’s an in-depth overview of this segment
High Utilization Justification
Full aircraft ownership is most suitable for individuals or businesses with a high frequency of private air travel, typically exceeding 250 hours per year. This level of utilization is necessary to justify the significant costs associated with owning an aircraft.
Flight Department Management
Full aircraft ownership requires managing your own flight department or hiring a management company to handle the aircraft’s operation, crew management, scheduling, and regulatory compliance. This entails additional costs and responsibilities.
Fixed and Variable Costs
Owning an aircraft involves both fixed and variable costs. Fixed costs include crew salaries, hangar fees, insurance, and regular maintenance. Variable costs encompass fuel, unscheduled maintenance, and other operational expenses.
Limited Hangar Space
Securing suitable hangar space can be a challenge, especially in locations where hangar availability is limited. It is essential to consider this factor when evaluating the feasibility of full aircraft ownership.
Maintenance and Insurance
Full aircraft ownership necessitates the management of bi-annual and annual maintenance inspections, as well as unforeseen maintenance requirements. Additionally, comprehensive aircraft insurance coverage is a must to protect the investment and mitigate risks.
Overall, the choice between on-demand charter, jet card, or full aircraft ownership depends on factors such as travel frequency, budget, desired level of control, and global access requirements. It’s important to carefully evaluate these factors and consider one’s specific needs before making a decision.