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Where to Charter a West Coast Ski Trip

West Coast skiers enjoy tall, picturesque mountains with feet of powdered snow and plenty of trails for all experience levels. The best ski destinations also offer other recreational activities — like sightseeing, shopping, and dining — all while surrounded by comfortable lodging and breathtaking views.

Here are five of the best vacation spots for West Coast skiing.

1. Mammoth Mountain, California

Mammoth Mountain in California is a four-season getaway near Mammoth Lakes with 3,500 skiable acres, 25 lifts, and an average of 400 inches of snow each ski season. Its 11,053-foot peak is the tallest lift-served summit in the state. Base elevation sits at just under 8,000 feet. You can typically plan ski vacations here from November through June, conditions permitting. The mountain’s 150 named trails offer plenty for beginners, intermediates, advanced, and experts, with a slight majority aimed toward intermediate skiers.

In addition to downhill skiing, visitors also enjoy:

          • Lakeside cross-country skiing.
          • Guided snowmobiling trips.
          • Snowshoeing expeditions.
          • Scenic gondola rides with lake and mountain views.
          • Tubing at Woolly’s Tube Park.
          • Beginner’s backcountry touring lessons.

During warmer months, the region becomes a haven for hikers, bikers, and rock climbers. When you’re not on the slopes, winter in the Mammoth Mountain area calls for local indulgences at on-mountain and off-mountain restaurants, coffee houses, and bars. Take in a movie at the local cinema, go shopping in the village, or find wellness at a spa or yoga studio. Two popular lodging options include Luxury Home Rentals, which offer private residences for groups, and The Village Lodge, complete with balconies and gondola access.

The closest airport to Mammoth Mountain is Mammoth Yosemite Airport (MMH).

1. Mammoth Mountain, California

Mammoth Mountain in California is a four-season getaway near Mammoth Lakes with 3,500 skiable acres, 25 lifts, and an average of 400 inches of snow each ski season. Its 11,053-foot peak is the tallest lift-served summit in the state. Base elevation sits at just under 8,000 feet. You can typically plan ski vacations here from November through June, conditions permitting. The mountain’s 150 named trails offer plenty for beginners, intermediates, advanced, and experts, with a slight majority aimed toward intermediate skiers.

In addition to downhill skiing, visitors also enjoy:

          • Lakeside cross-country skiing.
          • Guided snowmobiling trips.
          • Snowshoeing expeditions.
          • Scenic gondola rides with lake and mountain views.
          • Tubing at Woolly’s Tube Park.
          • Beginner’s backcountry touring lessons.

During warmer months, the region becomes a haven for hikers, bikers, and rock climbers. When you’re not on the slopes, winter in the Mammoth Mountain area calls for local indulgences at on-mountain and off-mountain restaurants, coffee houses, and bars. Take in a movie at the local cinema, go shopping in the village, or find wellness at a spa or yoga studio. Two popular lodging options include Luxury Home Rentals, which offer private residences for groups, and The Village Lodge, complete with balconies and gondola access.

The closest airport to Mammoth Mountain is Mammoth Yosemite Airport (MMH).

2. Olympic Valley, California

Olympic Valley near California’s Lake Tahoe is a famous skiing region for several reasons. Most notably, it was the site of the 1960 Winter Olympics. The ski resort spans two mountain peaks that contain a collective 6,000 skiable acres covered in 450 inches of annual snowfall. Difficulty spans from beginner-level trails to expert-level runs, bands, and open bowls traversed by Olympic experts.

When you are not downhill skiing, you can participate in other activities, such as:

          • Cross-country skiing.
          • Snowboarding.
          • Dog sledding.
          • Snowshoeing.
          • Backcountry touring.

Other popular pastimes include ice skating in nearby Tahoe City and North Lake Tahoe Regional Park. Warm months in the Olympic Valley are ideal for disc golf, hiking, and biking along the Truckee River, all while enjoying views of Lake Tahoe and the Sierra Nevadas. While you’re in town, stop by the Olympic Museum and see memorabilia from the 1960s games before venturing through the Bavarian-style shops, restaurants, bars, spas, and yoga studios.

The easiest way to get to the Olympic Valley is by flying into the Reno-Tahoe International Airport (RNO).

2. Olympic Valley, California

Olympic Valley near California’s Lake Tahoe is a famous skiing region for several reasons. Most notably, it was the site of the 1960 Winter Olympics. The ski resort spans two mountain peaks that contain a collective 6,000 skiable acres covered in 450 inches of annual snowfall. Difficulty spans from beginner-level trails to expert-level runs, bands, and open bowls traversed by Olympic experts.

When you are not downhill skiing, you can participate in other activities, such as:

          • Cross-country skiing.
          • Snowboarding.
          • Dog sledding.
          • Snowshoeing.
          • Backcountry touring.

Other popular pastimes include ice skating in nearby Tahoe City and North Lake Tahoe Regional Park. Warm months in the Olympic Valley are ideal for disc golf, hiking, and biking along the Truckee River, all while enjoying views of Lake Tahoe and the Sierra Nevadas. While you’re in town, stop by the Olympic Museum and see memorabilia from the 1960s games before venturing through the Bavarian-style shops, restaurants, bars, spas, and yoga studios.

The easiest way to get to the Olympic Valley is by flying into the Reno-Tahoe International Airport (RNO).

3. Northstar, California

Northstar is a top choice for families because of its child-friendly ski school and activities, but skiers of all types and experience levels will enjoy what Mount Pluto — a now-extinct volcano — has to offer. The mountain houses 3,170 skiable acres that encompass 100 different trails and eight terrain parks. The average snowfall for the region is about 350 inches annually. It’s also the largest snowmaking system in N Lake Tahoe. Ski season usually lasts from mid-November through April.

Additional on-site activities include:

          • Cross-country skiing.
          • Snowshoeing.
          • Fat tire snow biking.
          • Homemade soap, pottery, and candle lessons.

Around town, take advantage of the numerous upscale and casual pubs, bars, restaurants, and coffee shops, or shop your way through local boutiques. Warm weather fun includes hiking, mountain golf, and mountain biking. Northshore Resort offers private homes, condos, and hotel room rentals.

Visitors fly into Northstar through the Reno-Tahoe International Airport (RNO).

3. Northstar, California

Northstar is a top choice for families because of its child-friendly ski school and activities, but skiers of all types and experience levels will enjoy what Mount Pluto — a now-extinct volcano — has to offer. The mountain houses 3,170 skiable acres that encompass 100 different trails and eight terrain parks. The average snowfall for the region is about 350 inches annually. It’s also the largest snowmaking system in N Lake Tahoe. Ski season usually lasts from mid-November through April.

Additional on-site activities include:

          • Cross-country skiing.
          • Snowshoeing.
          • Fat tire snow biking.
          • Homemade soap, pottery, and candle lessons.

Around town, take advantage of the numerous upscale and casual pubs, bars, restaurants, and coffee shops, or shop your way through local boutiques. Warm weather fun includes hiking, mountain golf, and mountain biking. Northshore Resort offers private homes, condos, and hotel room rentals.

Visitors fly into Northstar through the Reno-Tahoe International Airport (RNO).

4. Deer Valley, Utah

If your idea of the perfect ski trip includes luxurious accommodations, attentive on-slope and in-room service, and pristine skiing trails, it’s time to plan a trip to Deer Valley. Utah’s premier skiing destination is known for its meticulously groomed, ski-only trails. Mountain snow varies between 150 and 300 inches, with 21 lifts and 103 trails across 2,000 acres.

Lodging at Deer Valley Resort is cozy and indulgent, with three separate resort areas for all tastes and interests. Each portion includes a unique view of the surrounding mountains. In addition to attentive, professional service, guests get complimentary amenities, like ski valets, mountain tours, and car service to explore the town. While you’re out, enjoy upscale fireside dining, sip a brew at a laid-back cafe, and relax with handcrafted cocktails at a local lounge.

Other activities you are sure to enjoy include:

          • Exploring the mountain on a snowmobile.
          • Skiing with an Olympic athlete.
          • Relaxing on a scenic lift ride.
          • Taking classes at an award-winning ski school.
          • Shopping in the shops and boutiques in Deer Valley.

Summertime activities — like fly fishing, stand-up paddleboarding, horseback riding, and private guided hikes — make Deer Valley a year-round paradise.

Guests can fly into nearby Salt Lake City International Airport (SLC) for a quick commute to the resort.

4. Deer Valley, Utah

If your idea of the perfect ski trip includes luxurious accommodations, attentive on-slope and in-room service, and pristine skiing trails, it’s time to plan a trip to Deer Valley. Utah’s premier skiing destination is known for its meticulously groomed, ski-only trails. Mountain snow varies between 150 and 300 inches, with 21 lifts and 103 trails across 2,000 acres.

Lodging at Deer Valley Resort is cozy and indulgent, with three separate resort areas for all tastes and interests. Each portion includes a unique view of the surrounding mountains. In addition to attentive, professional service, guests get complimentary amenities, like ski valets, mountain tours, and car service to explore the town. While you’re out, enjoy upscale fireside dining, sip a brew at a laid-back cafe, and relax with handcrafted cocktails at a local lounge.

Other activities you are sure to enjoy include:

          • Exploring the mountain on a snowmobile.
          • Skiing with an Olympic athlete.
          • Relaxing on a scenic lift ride.
          • Taking classes at an award-winning ski school.
          • Shopping in the shops and boutiques in Deer Valley.

Summertime activities — like fly fishing, stand-up paddleboarding, horseback riding, and private guided hikes — make Deer Valley a year-round paradise.

Guests can fly into nearby Salt Lake City International Airport (SLC) for a quick commute to the resort.

5. Big Bear Mountain Resort, California

Big Bear Mountain Resort gives you access to two separate California peaks — Snow Summit and Bear Mountain. Snow Summit is an 8,200-foot peak with 240 ski acres, while Bear Mountain stands at 8,805 feet with 748 acres. The ski season lasts from November through April, with about 125 inches of annual snow on average. Each mountain offers a variety of trails and conditions for beginner, intermediate, advanced, and expert skiers.

Other fun mountain activities include:

          • Snowboarding on designated trails.
          • Nighttime skiing sessions with freshly groomed powder.
          • High-speed tubing at Grizzly Ridge Tube Park.

Off the mountain, you can explore nearby museums, visit Big Bear Alpine Zoo, and see more of San Bernardino National Forest. You’ll find an abundance of local BBQ eateries, nightlife lounges, coffee shops, and shopping opportunities. Warmer months bring visitors who love the mountains for their rich mountain biking, golf, and horseback riding options.

There are multiple driving routes to Big Bear Mountain Resort once you arrive through Big Bear Airport (RBF).

5. Big Bear Mountain Resort, California

Big Bear Mountain Resort gives you access to two separate California peaks — Snow Summit and Bear Mountain. Snow Summit is an 8,200-foot peak with 240 ski acres, while Bear Mountain stands at 8,805 feet with 748 acres. The ski season lasts from November through April, with about 125 inches of annual snow on average. Each mountain offers a variety of trails and conditions for beginner, intermediate, advanced, and expert skiers.

Other fun mountain activities include:

          • Snowboarding on designated trails.
          • Nighttime skiing sessions with freshly groomed powder.
          • High-speed tubing at Grizzly Ridge Tube Park.

Off the mountain, you can explore nearby museums, visit Big Bear Alpine Zoo, and see more of San Bernardino National Forest. You’ll find an abundance of local BBQ eateries, nightlife lounges, coffee shops, and shopping opportunities. Warmer months bring visitors who love the mountains for their rich mountain biking, golf, and horseback riding options.

There are multiple driving routes to Big Bear Mountain Resort once you arrive through Big Bear Airport (RBF).

Travel in Luxury to Your Ski Destination With Latitude 33 Aviation

With multiple convenient locations across the United States, Latitude 33 is ready and waiting to take you on your next West Coast skiing holiday. We are leaders in the industry and the only private jet company to receive an ARGUS Platinum safety rating in San Diego. Every flight promises a comfortable, enjoyable experience, with helpful crew and custom flight options.

Contact a concierge to learn more about Latitude 33 Aviation or request a quote for your upcoming getaway today.

Tax Credit for Jet Purchases

Private citizens and businesspeople have shown an increased interest in the private jet industry over the past few years due to certain governmental actions, namely the Tax Cuts and Jobs Act (TCJA) implemented in 2017. This is a federal income tax that can provide several benefits to new private jet owners, but these benefits are time sensitive and set to expire.

If you’re thinking of buying a private jet, now is the time to act. But first, you should understand the 2017 tax act that potentially provides benefits to private jet owners so you can make a confident and informed purchasing decision before it’s too late.

The 2017 Tax Cuts and Jobs Act

The private jet tax known as the Tax Cuts and Job Act was designed to reform current individual income and corporate income taxes that amends the Internal Revenue Code of 1986. The Act was also a way to move the United States to a territorial system of taxation for businesses. Here are some of the intentions behind the implementation of the 2017 TCJA according to the Tax Foundation:

  • Increase gross domestic product (GDP) by 1.7% over time, grow wages by 1.5%, and create 339,000 full-time-equivalent jobs by significantly lowering the cost of capital and marginal tax rates
  • Increase GDP by an average of 0.29% each year
  • Unleash economic growth in the form of an additional $1 trillion in federal revenues
  • Increase all taxpayers’ after-tax incomes over time by 1.1%

In short, the TCJA is a deeply revised tax law created for economic stimulation. It simplifies taxes and reduces the tax burden on businesses throughout the United States, and as you’ll see throughout the rest of this article, it can specifically benefit people who buy a new private jet.

But these changes are only temporary, as the specifics put forth in the 2017 TCJA will expire. See the section below entitled “The Expiration Date” to learn more about the time-sensitive benefits of this tax law.

How to Take Advantage of the TCJA

The good news is that you can take advantage of the TCJA if you’re considering buying a private jet. In addition to significantly changing the laws related to individual and corporate income taxes, the TCJA also adjusted how private jet taxes work. It enhanced the amount and timing of aircraft depreciation as related to income taxes, as well as which aircraft are eligible.

Before the passage of the 2017 TCJA, private individuals and corporations were able to deduct 50% of a private aircraft’s purchase price from their income subject to tax in their first year of ownership if the aircraft was used for business purposes. This immediate bonus depreciation deduction was set to decrease to 30% by 2019 and was only applicable to factory-new aircraft.

Now, under the guidelines of the 2017 TCJA, private jet depreciation rates that you can deduct jumped from 50% to 100% during the first year of owning the aircraft, both pre-owned and new. What this means for people looking to buy a private jet for business purposes is that they may be able to immediately write off 100% of their expenses from that purchase.

This benefit is highly appealing to anyone who is set to buy a private aircraft for business purposes, but it also provides an important reason why now is the appropriate time to buy.

The Expiration Date

Unfortunately, the 100% deduction described above will eventually be unavailable, as it is set to decrease to 80% after December 31, 2022. The following year, the tax benefit will drop to 60% and decrease by another 20% in each subsequent year until it is gone.

It’s hard to know what policy the government will propose to take the place of the 2017 TCJA, but you can know for sure that the tax deductions available now are time-sensitive and may benefit you greatly when filing your taxes.

Supply and Demand for Private Aircraft

The time restriction places an element of urgency on your decision to buy a private aircraft. You’ll want to take advantage of the 100% tax deduction for private jets before it decreases and ultimately expires. But know that other people are thinking the same thing as you.

People who have been considering buying private jets are now finalizing their decisions as December 31, 2022 rapidly approaches. And to say the looming 20% decrease in the available deduction is causing an increase in private jet sales would be a vast understatement. In fact, without the assistance of an experienced aircraft acquisition team, it may be hard to find a private jet of your own in the current market.

According to Business Air News, the current demand for pre-owned private jets is so high that the supply is at an all-time low. The reason is that pre-owned aircraft are all that’s available to buy on short notice. Anyone who wants to buy a new private jet must place their order in advance, sometimes several years before they receive it. New private jets are built to order as opposed to being mass-produced. With this low inventory comes higher prices on used inventory. New model years, high-quality aircraft, and low time airframes are all closing at what buyers feel are over-valued prices. Some buyers are unmotivated by the tax incentive, so they are willing to wait for the market to adjust and for prices to normalize. For others who are specifically looking for tax advantages, the full depreciation write-off will certainly help them to maximize their tax planning in 2022.

You’ll need to shop for a pre-owned private jet if you want to buy one before the 100% tax break decreases to 80% at the end of the year.

How to Secure a Deal

The best way to secure a deal on a private jet is to find a respected, professional private jet broker that knows how to navigate the current market with its high demand and low supply. A broker can negotiate a great deal for you, helping you navigate all regulations on the journey toward a completed sale. Know that it can take several weeks to finalize a private jet sale.

With December 31 on the horizon, now is the time to act. Latitude 33 Aviation can help you buy a private jet and offers many other services related to the purchase, ownership, and management of private jets of various sizes and models. From the initial inquiry to the final signature, Latitude 33 Aviation is ready to guide you through the entire township cycle, saving you time and helping you maximize your investment.

Looking to Purchase a Private Aircraft?

If you’re ready to take the next step toward owning a private jet, now is the time to act. The team at Latitude 33 Aviation is here to help you buy and manage your private aircraft in time to experience the tax benefits of the 2017 TCJA.

Our goal is to help you secure a private aircraft for your business needs, even in this current market when demand is at an all-time high. Contact us today to start the process of buying a private jet.

What Does an Aircraft Management Company Do?

While large companies with several aircraft tend to employ corporate flight departments that manage aircraft operations, these departments may not be practical for small- to medium-sized businesses or individuals. This is where an aircraft management company comes in. At Latitude 33 Aviation, we offer private jet management services that give you the benefits of a flight department without the exorbitant cost.
What Is Aircraft Management?

What Is Aircraft Management?

Private aircraft management is a highly recommended service if you own a jet. With aircraft management services, the company you work with handles the details of aircraft ownership and operation. They ensure your trips are organized, your aircraft is properly maintained, pilots are staffed for your flights, and any special requests are accommodated.

Latitude 33 aircraft management services include:

  • Offering fleet insurance
  • Supplying aircraft detailing
  • Handling hangar negotiations
  • Providing accounting services
  • Ensuring International Civil Aviation Organization( ICAO) and Federal Aviation Administration (FAA) compliance
  • Scheduling flight and aircraft crews
  • Offering parts, labor, and fuel discounts
  • Outfitting aircraft with concierge services
  • Offsetting costs of ownership with charter revenue
  • Meeting with clients for property and sales tax information

Elements of an Aircraft Management Company

Elements of an Aircraft Management Company

When you hire a company to perform these services, they are responsible for managing aircraft scheduling. Companies vary in the exact services they offer. While some offer a full-service program, others provide the option for the aircraft owner to earn revenue by having the aircraft chartered when not in use. These are known as turnkey aircraft management and charter aircraft management.

Turnkey Aircraft Management
Turnkey Aircraft Management

You receive all the services you need as a private jet owner with turnkey aircraft management. An aircraft management company takes over all of the operational responsibilities related to jet ownership, so you’re not responsible for the everyday requirements and tasks associated with owning an aircraft. The services offered via a turnkey aircraft management program include:

  • Providing security
  • Conducting training
  • Meeting FAA guidelines
  • Scheduling for each flight
  • Training for crew members
  • Conducting accounting tasks
  • Handling maintenance and repairs
  • Managing crew hiring and payment

You can simplify your responsibilities as a jet owner by working with an aircraft management company that offers comprehensive aircraft management services.

Charter Aircraft Management

When you work with an aircraft management company, you may want to ensure they offer charter management services. You can reduce your cost of aircraft ownership and generate revenue by allowing a trusted company to charter your jet when you aren’t using it. The aircraft management company can manage all scheduling and arrange for the proper charter certifications. By working with an aircraft management company with charter aircraft management services, many jet owners find aircraft ownership is more affordable than expected.

Why Use an Aircraft Management Company?

Maintaining a private jet can be complex and time-consuming. Safety is the number one concern with aviation, and only the experts are sufficiently experienced to keep you and the passengers safe. A wide range of tasks are involved in maintaining a private jet, and multiple parties — including mechanics, crew networks, and Fixed Based Operators (FBOs) — must collaborate on tasks. This is why so many private jet owners choose to utilize an aircraft management company’s experience and contacts.

Still, some private jet owners consider self-management, believing the crew can handle every aspect of maintaining and managing the aircraft. Some owners theorize that the aircraft is only flying for a small number of hours each year and the crew should have enough time to manage every aspect of the aircraft, reducing the annual ownership cost. There are some notable disadvantages, like working with a crew with less experience managing an aircraft or failing to benefit from the bulk discounts aircraft management companies offer on commodities like maintenance and fuel.

Partnering with an aircraft management company makes your life as a jet owner easier. The company can simplify the process and make sure you don’t miss an inspection. Fuel is a significant cost of jet ownership, so the access to discounted fuel that an aircraft management company can offer will substantially lower your operating costs.

Benefits of Using an Aircraft Management Company

Partnering with an aircraft management company offers several benefits over self-management.

1. Reduce Operational Costs

The more you buy, the more affordable the price. When it comes to owning a jet, the outgoing costs like spare parts and fuel can be substantially reduced by aircraft management companies that make purchases in bigger quantities than individuals who operate their own private jet.

Save Time
2. Save Time

Owning a jet can be time-consuming. Every step involved, including hiring the pilot, buying fuel, and coordinating maintenance, can take up a significant amount of your valuable time. Most people buy an airplane to simplify their lives, not to get into the business of managing an aircraft. When you work with an aircraft management company, the whole process is taken care of for you. You can also turn over the task of interviewing and hiring crew and negotiating contracts to the aircraft management company.

3. Enjoy Simplicity

By partnering with an aircraft management company, you can simply make one phone call to handle any of your needs. At the end of each month, you’ll receive the total costs of aircraft operation in a single, itemized statement so you don’t have to manage and review each individual expense.

4. Increase Safety

Your aircraft management partner can also take over the responsibility of safety. Since the company is experienced and trained, they can help increase the safety of your flights by maintaining your jet and supporting your pilots with additional industry expertise.

Improve Scheduling Flexibility
5. Improve Scheduling Flexibility

Your aircraft may not always be available when you want to take a flight due to regular and unscheduled maintenance. When you work with an aircraft management company, you can easily receive a replacement. The company’s job is to remove the hassle and ensure you can keep flying, even when your aircraft is being repaired or your pilots are unable to fly. This enhanced flexibility makes jet ownership more convenient for you.

6. Reduce Maintenance Costs

An aircraft management company can also use its expertise to help reduce expenses associated with maintenance and inspection, especially when it comes to warranties on new jets. For example, the company can contact the manufacturer on your behalf regarding your maintenance needs to determine whether they are covered by your warranty. An experienced aircraft management company ensures you are receiving the most cost-effective options available — and not paying for unnecessary expenses.

7. Access More Insurance Coverage Options

Aircraft managers typically add you to their existing insurance policy. This ensures you have the coverage you need at a cost you can afford. Since the company insures an entire fleet of aircraft, they tend to get price discounts and more comprehensive coverage.

Insurance companies often prefer to deal with aircraft management companies with strong safety systems and those who have established good relationships with underwriters, all of which can help you get better overall coverage and prices.

8. Enjoy Tax Advantages

Purchasing an aircraft may provide significant tax benefits. A knowledgeable aircraft management company can help you maximize all available options, including potentially mitigating sales tax on the purchase of the aircraft, initial property tax, or federal excise tax on fuel. These could amount to significant savings.

9. Earn Charter Income

Chartering your jet when you aren’t using it can be an excellent way to recoup some of the costs associated with operating and maintaining aircraft. Depending on how frequently you charter your aircraft and the type of aircraft you own, you can significantly reduce your operational costs. Many people considering purchasing an aircraft with a partner ultimately end up finding that leveraging charter income can be a more flexible and effective option.

In the charter market, newer aircraft can command a higher price and benefit from lower operating costs.

10. Leverage Expertise and Knowledge

Aircraft managers can provide resources, insight, and experience that individual jet owners usually don’t have. An aircraft management company has performed numerous flights and aircraft transactions. If a problem arises, chances are that the company has dealt with a similar issue before. When you work with an aircraft management company, you can leverage their knowledge and expertise from years of experience.

Receive Guidance on Acquisitions and Sales
11. Receive Guidance on Acquisitions and Sales

An aircraft management company can also offer you advice on acquisitions and sales. No company wants to deal with unreliable aircraft or jets that don’t suit their clients’ needs, so they’ll be happy to help you find the best possible aircraft for your particular needs.

Enjoy Peace of Mind
12. Enjoy Peace of Mind

Perhaps one of the greatest benefits of working with an aircraft management company is the peace of mind you’ll feel. The company takes on the risks associated with aviation, and you can trust that your jet is in experienced, dependable hands.

How to Choose an Aircraft Management Company

If you own a private jet and want to hand the reins over to a third party, partner with an aircraft management company you can trust. Due diligence is a necessity for this complex process, and the right aircraft manager will provide the services, capabilities, and client experience you require.

Be sure to find a manager that offers the services that fit your specific needs. Take your preferred operating base, typical mission profile, aircraft model, and your maintenance and crewing requirements. Most importantly, you want to work with an operator you trust and a company willing to explain the details of their operations and be transparent in their communications with you. To determine which aircraft management company is right for you, consider your goals and the company’s capabilities, facilities, experience, and commitment to safety.

Consider Their Capabilities

Private aircraft management companies have different operational capabilities depending on their size and services. While some cater only to certain types of aircraft, others offer more comprehensive service. There is a wide range of services offered by these companies, including maintenance, management, and pilot training programs. While some managers hire pilots on contract, others hire full-time pilots. The differing capabilities can influence whether a manager is the right fit for you.

Consider whether you want your private jet used for commercial charters as a way to earn revenue or if you want to limit your aircraft to personal use only. To determine whether a company’s capabilities align with your goals and needs, ask whether they manage a diverse fleet and if they have experience managing your type of aircraft. At Latitude 33 Aviation, we manage one of the country’s largest private aircraft fleets, meaning our experience allows us to handle a wider range of jet types and manufacturers.

Consider Their Facilities

You may also want to consider the aircraft management company’s facilities, as it’s important to partner with a manager that has a presence at your local airport. At Latitude 33 Aviation, we operate out of fixed-base operators (FBOs) in international airports across the country. In airline travel, FBOs are the gold standard, allowing travelers to charter aircraft and fly with maximum comfort and privacy.

An FBO has the right to operate out of an airport and offer aeronautical services. These services ensure pilots and passengers experience flying as stress-free and seamlessly as possible and may include:

  • Private passenger lounges
  • Refreshments
  • Aircraft rental
  • Flight instruction
  • Aircraft maintenance
  • Fueling
  • Tie-down hangar
  • Parking services

FBOs essentially function like private jet terminals, and there are several nationwide. You’ll typically find FBOs at public-use airports offering support services to aviation operators. Many FBOs offer flight and weather planning assistance and passenger or crew lounges, and some offer maintenance services, charter services, aircraft owner management, and hangar and office space. FBOs may even include private sleeping rooms and showers at major airports.

An FBO may be owned by a chain or an independent owner, which means many options are available if you’re interested in utilizing an FBO. At Latitude 33, we make your flying experience luxurious with our personal services. We serve various bustling transportation hubs nationwide. Some of our popular airports include:

  • Carlsbad Airport (CRQ/CLD)
  • San Diego International Airport (SAN)
  • Long Beach Airport (LGB)
  • San Francisco International Airport (SFO)
  • Oakland International Airport (OAK)
  • Los Angeles International Airport (LAX)
  • Van Nuys Airport (VNY)
  • Seattle-Tacoma International Airport (SEA)
  • John F. Kennedy International Airport (JFK)
  • Honolulu International Airport (HNL)
  • McCarran International Airport (LAS)
  • Teterboro Airport (TEB)

Our aircraft fly to numerous popular private jet destinations throughout the United States, including:

Consider Their Experience

Consider the aircraft management company’s industry experience. The more experience and time the company has in the industry, the better the choice. Large companies are also less likely to experience financial limitations, so you should review the company’s size, experience, and financials when choosing an aircraft manager. Owning a private jet can be expensive, so it’s essential to know the company can cover these expenses while preparing your invoice.

Additionally, you want to know that the company has experience with your specific type of aircraft and has national or international operational experience.

Consider Their Commitment to Safety
Consider Their Commitment to Safety

Safety should be a top concern for an aircraft management company. Access the company’s safety compliance information and ratings to assess their commitment to safety. The WYVERN, International Business Aviation Council (IBAC), and Aviation Research Group United States (ARGUS) rating systems set the highest safety standards in the charter aviation industry. Each organization holds companies to different safety standards and offers unique designations, so it’s crucial to know how to interpret this information:

  • ARGUS: As an independent rating system for safety, ARGUS produces safety grades and maintains records for pilots and aircraft. Included in the ARGUS reports are pilot background checks, historical safety ratings, and on-site safety audits. ARGUS ratings include Gold, Gold Plus, and Platinum. Latitude 33 is one of just 5% of charter companies that have reached ARGUS Platinum status, demonstrating our commitment to safety.
  • WYVERN: WYVERN is an independent company that supplies certifications and ratings, conducts regular audits, creates safety criteria, and provides leader training, software solutions, and safety intelligence data. Charter operators can achieve certification through the WYVERN Wingman program.
  • IBAC: IBAC created the International Standard for Business Aircraft Operations (IS-BAO) for charter safety ratings and is considered a benchmark for aircraft safety worldwide. Companies can be awarded certification at either Stage One, Stage Two, or Stage Three.

Few aircraft management companies achieve the highest certifications. Due to our high commitment to safety and impeccable record, you can trust Latitude 33 with your aircraft.

Should You Charter Your Aircraft?

Many private jet owners wonder whether they should charter their aircraft. There are a few factors to consider when making your decision. The major advantage of chartering out your jet is that you generate revenue that offsets ownership expenses. However, this doesn’t necessarily mean you’ll earn a profit from chartering your aircraft. The revenue from chartering rarely exceeds all of the costs associated with jet ownership, so aircraft ownership will still cost you if you make money from chartering. That said, income generated from chartering your aircraft could help cover a significant portion of your ownership costs.

Chartering your aircraft means your jet will experience more wear and tear and will need to be inspected and maintained more often due to the increased flying hours. This also means your aircraft will depreciate at a faster rate and you cannot fly your jet when it’s being chartered for others to use. It is ultimately up to the owner to determine how much they want the aircraft to charter. For many jet owners, chartering out the aircraft is worth it for the costs it offsets.

If you’re unsure whether chartering your aircraft is right for you, discuss this option with your aircraft management company. The company can help you forecast more accurate figures regarding chartering your aircraft and determine whether chartering could be beneficial in your specific circumstances.
Choose Latitude 33 for Your Aircraft Management Needs

Choose Latitude 33 for Your Aircraft Management Needs

At Latitude 33 Aviation, we offer executive aircraft management services in Los Angeles, San Diego, Nashville, Seattle, Scottsdale, Salt Lake City, and beyond. Jet owners depend on these services for operational support and to generate charter revenue that can offset aircraft ownership costs. The following are the benefits of partnering with Latitude 33:

  • Cost-saving discounts: We provide cost-saving discounts for fuel, services, and insurance rates due to our relationships with companies in the industry.
  • Detailed reports: We provide detailed accounting reports that give you an overview of your income and expenses. We also included a detailed breakdown if you want a more comprehensive review.
  • World-class crews: We provide world-class training to our crews to ensure you fly safely. Our crews attend annual training at world-class facilities at which they go through simulator training, complete a rigorous background check, and learn about FAA-approved procedures.
  • Revenue generation: With our charter services, you can generate revenue from your jet when you aren’t using it for a consistent revenue stream from your aircraft.

We make aircraft ownership easier and optimize aircraft logistics to allow you to enjoy the safety, convenience, and efficiency of private jets. Along with our aircraft management services, we also offer aviation services for clients in multiple locations, including Los Angeles, San Diego, Seattle, and beyond:

  • Jet acquisition services: With our jet acquisition services, you can invest in aircraft without worrying about the little details. We can determine your needs and show you models from reputable manufacturers available in our network.
  • Private jet charter services: We provide private charter services to maximize efficiency, convenience, privacy, and flexibility.
  • Private jet broker services: With our private jet broker services, we guide you through the process of a private jet sale, including identifying a prospective buyer and closing on the sale.

Contact us to learn more about our aircraft management services or request a quote today.

The Benefits of Taking a Vacation

A vacation is a truly beneficial experience that can significantly enhance your mood and your health. Taking a break from work rejuvenates your mind and body, lets you connect with loved ones, and increases happiness. Vacationers often return with a fresh way of thinking.

Whether sampling exquisite wines with friends, taking your family on a beach getaway, or experiencing a new culture, taking time for vacations is important for your well-being. Consider the benefits of taking a vacation and disconnecting from your office responsibilities.

Improving Your Physical and Mental Well-Being

The health benefits of vacations can improve your life by reducing stress, improving mental health, enhancing positive moods, and preventing some health conditions. Understanding why vacations are important is the first step toward unwinding in an exciting or relaxing environment outside the office.

Reduce Stress

Work-related responsibilities require occasional recovery periods to counteract negative reactions and prevent chronic stress. Taking a vacation is an effective coping technique to help process work strain and avoid burnout. Vacation distracts individuals from stressors and lets them unwind, enhance their mood, and think positively.

Studies show that even vacations as short as four nights can provide adequate recovery time for individuals to increase their positive mood. When you take time to focus on enjoyable activities, relaxation, and time with friends and family, you can significantly reduce any stress you feel from your workplace.

Take Care of Your Mental Health

Vacations can significantly benefit mental health by reducing some symptoms of anxiety and depression. Studies show that people are less likely to experience depression if they have access to paid vacation leave. When you take time to travel for leisure activities, you remove yourself from an environment you may associate with stress and anxiety, allowing you to focus on a relaxing or exciting environment that invokes positive feelings.

One of the most beneficial psychological benefits of vacations is increased mindfulness. Traveling allows individuals to feel more present and aware of the people, environment, and activities around them. Being in a state of mindfulness can increase happiness and relaxation.

Prevent Heart Disease

Taking time away from work can help prevent heart disease and reduce the risk of heart attack and stroke. Reducing work stress helps lower the amount of the stress hormone your body naturally produces, called cortisol, and vacationing is an excellent way to reduce stress. When you reduce the amount of cortisol your body produces, you also may reduce blood pressure and protect your body from blood clots and heart disease.

Boosting Your Happiness

Boosting Your Happiness

A vacation in a luxurious or exciting destination can enhance your mood and increase happiness. Even the excitement you feel planning your travel details can increase happiness leading up to your trip. Taking a vacation elevates your joy because it allows you to do the following:

Try New Things

A vacation presents opportunities to try new things, whether traveling domestically or internationally. You can meet new people, taste new foods, and sample new cultures. You can hear the sounds of crashing waves on the shore, dance to live music, or glide through the air on a parasailing adventure. Traveling lets you step outside of your normal routine and experience new things.

Broaden Your Horizons

New experiences also broaden your horizons. When you travel to a new place, you experience new scenery, encounter different people, and learn new things that broaden your perspective of the world. Plenty of destinations feature fascinating history, remarkable art, breathtaking views, and compelling cultures that you can observe while broadening your knowledge and understanding of the world around you.

New experiences can also enhance creativity, which could inspire you to return to work with fresh ideas and new ways of thinking.

Strengthen Relationships

Taking a vacation can help you strengthen relationships with those you care about most. Whether you travel to reconnect with old friends or take time to spend with family, vacations allow you to enhance quality time with the most important people in your life.

On vacation, you partake in enjoyable activities and relax with loved ones without mental and physical distractions, allowing for closer connections.

Your Employer Might Pay for It

In addition to paid time off for vacation, your employer might help pay for the trip. Some employers provide a travel or vacation stipend to cover expenses such as flights, lodging, experiences, and transportation as an additional benefit for employees.

If your employer offers this benefit, you may be able to allocate more funds toward additional experiences, enhanced lodging options, or more comfortable transportation to your travel destination. Talk to your employer or human resources department for specific information about your company’s vacation policies and opportunities.

Why Fly Private?

To enhance your vacation experience and truly recover from accumulated work stress to the maximum potential, consider flying private. Traveling in a private jet allows you to fly comfortably and stress-free, so your vacation is relaxing from start to finish. Avoid crowds and enjoy a flexible timeline that lets you arrive and depart when you are ready.

When you fly private, you can choose the aircraft size you need based on your traveling party, and you can rest comfortably with plenty of leg room and the convenience to eat and drink whenever you please. Loading the plane and arriving at your destination is simple, with helpful cabin attendants to assist with luggage and ensure ground transportation is ready for you upon arrival at your destination.

Flying private is the finest way to travel and experience a vacation that lets you fully unwind. After dedicating hours, days, and months to important work responsibilities, you deserve a break to retreat, reduce stress, and increase your happiness. Consider booking a private charter jet for your next vacation.

Charter a Flight for Your Next Vacation With Latitude 33 Aviation

Charter a Flight for Your Next Vacation With Latitude 33 Aviation

A vacation is an opportunity to disconnect from your work responsibilities and enhance your happiness through positive and relaxing opportunities. It can even leave you feeling refreshed and inspired to return to work with new ideas and improved productivity.

Embark on an entirely stress-free flight that exceeds your expectations with Latitude 33 Aviation. Latitude 33 Aviation provides exceptional personal service, flexibility, and convenience so you can reach your destination at a time that caters to your plans.

Bypass long lines, luggage hassles, and time delays of commercial airlines, and fly in exceptional comfort and privacy. When you fly with Latitude 33 Aviation, your stress-free and relaxing vacation begins when you board the private charter jet. Contact Latitude 33 Aviation to learn how we can help you reach your next destination in comfort and on your schedule.

Private Jet vs. Commercial Airline Flights: What’s the Difference?

From corporate business owners flying to their next meeting to families going on their next vacation, many people rely on air travel. But more options exist today than the various commercial airline companies. Flying by private jet is also a viable option for your travel needs.

You may be wondering whether you should fly commercial or private. Both options may get you where you need to go, but many differences exist between the two. Your choice depends on the type of experience you wish to have, but you’ll find many factors will play into your decision.

How Boarding Differs When Flying Private vs. Commercial

The boarding process differs between private and commercial flying. While this is a step in the process that could be easy to overlook, when you compare these differences, you’ll see that it actually plays a crucial role in which type of air travel is right for you. Here are the differences between the two boarding processes.

Boarding a Commercial Flight

Commercial flights have a tedious yet highly secure boarding process. When you fly commercial, it’s wise to get to the airport with plenty of time to spare before your scheduled flight. Doing so will give you adequate time for the entire boarding process.

One of the first qualities you’ll notice about the process is that you’ll have to stand in several long lines to get your ticket, check your bags, go through security, and eventually file into the aircraft in an orderly manner.

Security checks can be especially time-consuming and may feel slightly intrusive. The process of emptying pockets, checking bags, and walking through X-ray security machines can take a long time, as you are in line with other passengers for your flight and others. This is even more evident during busy periods and holidays. Having to remove your expensive electronics from their carrying cases and taking your shoes and belt off for security is inconvenient, to say the least. But it’s an important step in the security process.

Getting on the aircraft can also feel crowded. You have to stand in a tight line as you wait to reach your assigned seat. Often, people remain standing in the center aisle as they struggle to fit their bags into the overhead compartment. This can lead to an uncomfortable standstill.

Boarding a Private Flight

Boarding a Private Flight

Boarding a private flight is much faster and more convenient than the commercial flight boarding process. When flying private, you have greater flexibility regarding your takeoff time, as you can schedule takeoff at the exact time that works for you.

While you will need to pass through security if you are traveling on a charter jet with fewer than 61 passengers, you will be searched at the terminal not long before boarding. There is no need to follow liquid rules, such as separating your liquids or carrying limited amounts, and you will not need to remove your shoes. Charter jets with 61 or more passengers require passing through normal security.

The possible airports from which you can fly are also different for private aircraft due to their size. Private jets are considerably smaller than the aircraft commercial airlines use. This means you can take off from smaller airports in a city or town that works for you. Avoid driving to the overwhelming commercial airports and simplify your boarding routine.

How Does a Private Flight Differ from a Commercial Flight in the Air?

How Does a Private Flight Differ from a Commercial Flight in the Air?

Your experience while in the air may be more important than the boarding experience. After all, your flight could last several hours. What you can do during that time in a private flight differs greatly from what you’ll be able to do on a commercial flight. Here are some ways the actual flight differs between these two types of air travel.

Privacy

Business travelers and family vacationers alike appreciate a certain level of privacy on a flight. While it’s possible to get a seat by yourself in the economy section of a commercial flight, chances are higher that you could end up sitting shoulder to shoulder with a stranger or two. This can make attending to private matters difficult or uncomfortable. Even business class and first class can still leave some privacy to be desired.

Private flights offer the ideal scenario regarding privacy. In a private flight, you decide who is on the aircraft with you. Whether you’re flying with your family, your colleagues, or by yourself, you can enjoy the level of privacy you need for a comfortable flight.

Productivity

How you spend your time determines how valuable your time is. Productivity is one of the keys to success, so you may be looking for a way to stay productive during your flight. Flying private gives you the chance to accomplish this.

When you fly private, you can connect to onboard Wi-Fi to answer emails, make video calls, and complete your important tasks. Business owners can even use this crucial time to give their employees a pep talk before an important meeting. Private flying lets you utilize your time to the fullest potential.

Commercial travel may offer onboard amenities like onboard Wi-Fi, but it can be much more difficult to stay productive. The lack of privacy and other amenities may constrict what you’re able to accomplish while flying commercial.

Space

Productivity, privacy, and comfort rely on another critical characteristic of air travel — the space you have within the cabin. This is one of the most noticeable differences between private and commercial air travel.

On a commercial flight, you must limit yourself to your seat and the space it offers you. You may also have the option to walk to the lavatory and back during allowable times.

When you fly private, you get to choose the aircraft size and can operate freely throughout the cabin when it is safe to do so. Some private aircraft even contain office areas and sleeping areas for maximum privacy, productivity, and rest. If you’re an individual who needs room to stretch and breathe, a private flight may be the most comfortable option for you.

Amenities

Both commercial airliners and private flights have their share of amenities, but they do differ. Commercial airliners offer upgraded seats like business class and first class to provide some extra space and comfort for passengers who are willing to pay the premium. Commercial airlines also offer some refreshments, ranging from light beverages and snacks to small meals.

Private flights can offer more amenities — and more luxurious ones at that. You’ve read about some of these above, like office areas and onboard Wi-Fi. Private flights can also offer more elaborate refreshment options, including alcoholic beverages and your favorite catered meals. You can even enjoy stretching out on a full-length couch when flying private, which can be invaluable on a long-distance flight.

Do Private Jets Fly Faster Than Commercial?

You should also consider private jet speed versus commercial. Private aircraft can travel faster than commercial airliners. Part of this has to do with the weight of the jet itself. Private jets weigh less than large commercial aircraft, allowing them to ascend and descend faster than commercial jet.

Private jets can also maintain a faster cruising altitude because they can fly above the regular altitude that most commercial airliners occupy. When you fly private, your pilot can take a more direct route to your destination instead of focusing on making room for other commercial aircraft.

Speed counts when you’re traveling. This is especially true when you need to make a scheduled business meeting or multiple meetings on the same day. When you need to get to your destination as quickly as possible — at a time that works for your unique schedule — flying private could be the best option. The added speed and flexibility of private aircraft make all the difference.

Cost of a Private Flight vs. Commercial Flight

Charter and commercial flights have their share of differences regarding their benefits, but another major difference between the two is the price point. After all, a budget can have a strong impact on the decision one makes when choosing between flying private or flying commercial.

Private flights usually cost more than a standard airline ticket. Much of this price point has to do with the exclusivity that goes along with flying private, as well as the many added benefits and luxuries. Charter jet companies earn their profits on these benefits instead of stripping back amenities to make room for more passengers. Whether the cost is worth it comes down to your desire for the benefits of charter flights or commercial.

Commercial flights are more affordable because these companies put a greater emphasis on economy than on luxury. Commercial airliners can fill their seats with dozens or even hundreds of people, lowering the cost per ticket. But this also sacrifices many of the amenities and other benefits available to you.

Note that flying private can be more affordable with special one-way deals. Browse for offers like these to enjoy the benefits of private flying at a more affordable price.

Are Private Jets Safer Than Commercial?

Are Private Jets Safer Than Commercial?

Charter flights’ safety compared to commercial flights may be the most significant comparison. Everyone wants safety during their flight, whether you’ll be traveling across the state or across the country.

Air travel is a proven safe way to get to your destination. Because most people travel by air less often than they travel by car, it can feel like flying is less safe because of the unfamiliarity. The opposite is actually true. According to the Bureau of Transportation Statistics (BTS), traveling by air accounts for far fewer injuries and fatalities than traveling on the highway in a motor vehicle.

Both commercial and private flight companies are exceedingly safe. Both sectors of the industry must adhere to the Federal Aviation Administration’s (FAA’s) safety and maintenance requirements. The FAA holds all flight companies to a high standard of screening and inspections to ensure the safety of the passengers and crew. Charter jet passengers may also request to see documentation to verify their aircraft’s safety ratings.

Here are a few factors that can affect private jet and commercial flight safety:

  • Fellow passengers: The other people on your commercial flight are always a variable that is difficult to account for. Most passengers behave appropriately, but you cannot plan for a stranger’s actions. Other passengers can come from all over the country and the world, increasing your risk of exposure to illness. When you fly private, you get to travel only with the passengers you include on your journey. This keeps the passenger list completely in your control.
  • Weather: Extreme weather can pose a risk for flights. In the most uncertain circumstances, flights may have to land unexpectedly and wait out the storm. Private jets have a large advantage over commercial flights in this regard. In an emergency, private jets can land in almost any airport due to their smaller size. Because private jets can ascend higher than commercial airliners, they can even fly over the storm in certain instances.
  • Flexibility: Private jets have more flexible options when it comes to making an emergency landing. If a dire situation arises when the private jet must make an emergency landing, it can easily land in almost any airport in the country. This means you’re always close to safety on the ground when you fly private.

Private Jet Pilot vs. Airline Pilot: Are There Differences?

Both private and commercial airline pilots start their careers with the same basic training according to the FAA’s regulations. This level of training and testing gives every pilot who flies for hire the foundation they need for safe, effective piloting skills. However, a pilot’s chosen career path does affect the continued training and overall experience they receive on their journey to reach their career goals.

The continued training and education a pilot receives differs depending on the type of aircraft they plan on piloting. Thus, a commercial pilot will need further training on aircraft used by commercial airliners. Private pilots will engage in training related to private jets and aircraft in that category.

As a pilot progresses in their career, they will receive further experience to boost their resume and enhance their marketability. Whether a pilot chooses to fly commercial or fly private, you can know that they have received the required FAA training to pilot the aircraft safely and effectively.

Charter a Flight With Latitude 33 Aviation Today

Charter a Flight With Latitude 33 Aviation Today

A luxurious flying experience awaits you when you charter a flight with Latitude 33 Aviation. With us, you will upgrade your air travel experience with superior service and individualized treatment. When you want to experience all the benefits private air travel has to offer over commercial airlines, choose Latitude 33 Aviation. We’re ready to help you achieve your private travel goals. With our help, you can reach your destination in style and comfort while achieving enhanced productivity.

We invite you to contact us today for more information, or request a quote online to take the next step toward your private flight.

Wet, Dry, and Leaseback — Understanding Private Aircraft Leases

The private jet industry can be a bit more complicated than consumers may initially think. When you’re in the market to charter a private aircraft, you have more options than simply paying for a service and getting on your jet on the day of your flight. In some cases, you may find yourself wanting to lease a private jet. When leasing an aircraft, you have three main options:

  • Wet lease
  • Dry lease
  • Leaseback agreement

Leasing an aircraft is a great option for many private flyers, but you need to know the differences between these three forms of leasing. In this article, we’ll compare a wet lease vs. a dry lease so you can choose the right leasing arrangement for your unique situation.

Why Lease an Aircraft?

The first step is knowing why you may want to lease an aircraft in the first place. Some individuals and organizations buy their private aircraft outright, which can be an expensive process. In this scenario, the burden of operating and maintaining the aircraft falls on the owner, which can lead to even more expenses.

But owning an aircraft has its positives. Buying an aircraft gives you operational control over how you use it. When you’re not flying, you can let charter jet companies pay you to use it for their own services. You’ll still have to maintain the aircraft, but you’ll make a lot of your money back via charter.

You can fly yourself, your family, or your employees nearly anywhere at a moment’s notice. Having this freedom can be worth the price of buying an aircraft, but keep in mind you’ll also need to hire a cabin crew and a pilot while paying for fuel, maintenance, and hangar costs.

Buying an aircraft has some benefits but demands a lot of work, time, and money — unless you choose to have an aircraft management company handle all of the logistics for you. When you enter an aircraft charter lease agreement, you get to enjoy all the benefits of private flying without the extra work that comes with owning the aircraft. The owner maintains their ownership of the aircraft, but use of it is transferred to you for the specified time period. Leasing is less of a commitment, but it still gives you exactly what you need according to the lease agreement.

This is why understanding the different types of aircraft lease agreements is so important. You need to make sure the lease agreement you sign aligns with what you need the aircraft for. Get the right lease agreement, and you can enjoy the benefits of flying private within the parameters outlined in the contract. You also want to ensure you’re following all the laws and regulations regarding lease agreements. Below, you can find out more.

What Is a Wet Lease and How Does It Work?

In a wet lease agreement, the lessor includes maintenance, insurance, and at least one crew member with the aircraft they are providing. The lessee receives this bundle and pays the lessor by the number of hours or the number of flights that the aircraft is operated. The lessee is also responsible for paying for fuel and other expenses, including airport fees and taxes.

The length of a wet lease can last anywhere from a couple of months to over a year. It all depends on the nature of the lease agreement, including how long the lessee needs the aircraft or how many flights they plan on taking. Either way, the lessee obtains exclusive rights to use the aircraft during this period, and the aircraft uses the lessor’s flight number for legal purposes through the duration.

To clarify the characteristics of a wet lease, every wet lease should have:

  1. A defined duration. The lease must specify a start and end time, with other essential parameters for how long it will last.
  2. Provision by the lessor of at least one crew member with the aircraft. The lessor can include more crew members and must specify this in the lease.
  3. A grant of exclusive possession and use of the aircraft to the lessee. In other words, the lessee is the only party that can use the aircraft during the specified period.
  4. The identification of a specific aircraft by serial number. A proper, legal wet lease will specify the aircraft that is to be used.

To make the process official, the Flight Standards office of the Federal Aviation Administration (FAA) requires the lessor to submit a written memorandum of the lease terms — or a copy of the lease arrangement itself — for processing. Once accomplished and approved, the lessee obtains the use of the aircraft according to the terms of the wet lease.

Wet leases are popular for certified air carriers, especially when they want to launch new routes for their clients and lack the aircraft or crew to accomplish this. Aircraft charter operators also make wet lease agreements during peak seasons when they need to transport large numbers of travelers to the same destination and lack on-hand resources. In rare cases, lessees will seek a lessor to fly an aircraft into a location where the lessee lacks permission to operate because of banning or other circumstances.

The Federal Aviation Administration is the governing body that creates the aircraft leasing regulations that lessors and lessees must follow. The FAA’s Dynamic Regulatory System (DRS) is the database containing all the regulations you’d need to know to ensure you’re leasing an aircraft legally, especially when you consider the differences between a wet and dry lease. See the FAA’s page on wet lease agreements for more in-depth information.

What Is a Dry Lease and How Does It Work?

Dry leases are much simpler than wet leases at face value. This can be both a positive and a negative, depending on your needs and how you intend to use the aircraft being leased. Dry leases have fewer restrictions regarding the aircraft’s operation, but the rules surrounding them are still determined by the FAA. You’ll want to be sure you’re following these regulations, as violating a dry lease agreement still has consequences like violating a wet lease has.

Here are some of the main characteristics of a dry lease:

  • The lessor provides an aircraft to the lessee without a crew or even a single cabin attendant.
  • No charter certificates are needed from the lessee nor the lessor. An exception here is if property or people are being transported for hire or compensation.
  • The lessee must provide its own crew and exercises full, independent operational control of every flight.
  • The lessee is exempt from the federal excise tax on lease payments but generally still has to pay sales tax.

The above characteristics hint at one of the major benefits of dry leasing — lower upfront costs. The lessee gets to avoid paying for added items from the lessor, including maintenance, crew members, and insurance costs. In a sense, dry leasing is as close as you can get to outright buying an aircraft, without assuming the high costs and other factors that ownership would entail.

Once both parties draft and sign the dry lease agreement, the lessee assumes full operational control of the aircraft and can begin using the aircraft within the parameters of the agreement.

Wet Lease vs. Dry Lease Agreements for Aircraft

The above sections reveal some of the foundational information needed for understanding the two main types of aircraft leases. Here, we’ll break down the major differences between these leases so you can more effectively know if one is better for your needs than the other.

The Pros and Cons of Wet Leases

First, let’s look at some of the benefits of wet leases:

  • You’ll free yourself from many of the responsibilities pertaining to the aircraft.
  • The lessor supplies the aircraft crew, which can be one crewmember or a fully staffed aircraft.
  • The lessor will pay for insurance and maintenance, ensuring the leased aircraft is always ready for travel.

Here are some of the concerns associated with wet leases:

  • You’ll pay generally higher monthly payments to account for the lessor’s extra costs.
  • The lessor has more control over the passenger experience, as they set the specifics of the wet lease agreement.
  • Wet leases have more FAA regulations to consider.

The Pros and Cons of Dry Leases

Dry leases have plenty of positives, including the following:

  • Dry leases are generally more affordable than wet leases.
  • You get more control over the aircraft’s operation.
  • If you already have your own crew and the ability to fulfill other dry lease expectations, you can avoid paying extra money for services you could go without.

Dry leases also have the following concerns to consider:

  • You only get the aircraft.
  • You’ll have to pay for a crew, maintenance, and insurance.

What Is an Aircraft Leaseback Agreement?

Also called a sale-leaseback, an aircraft leaseback is a process in which an aircraft owner sells their aircraft to a lessor who then leases it back to the original owner. This process is advantageous to the original owner, who is now the lessee, because they can continue their flight operations without disruption. In other words, use of the aircraft stays with the same party, but ownership transfers to a new party. The two parties then enter into an immediate lease agreement.

Many aircraft owners choose to participate in an aircraft leaseback agreement for financial reasons. Owning an aircraft is a large expense. Some private jet owners eventually decide that continuing to own a private jet is economically unsustainable. Selling an aircraft can provide the owner with a cash infusion and free up a sizeable amount of expenses in the monthly or yearly budget. They then use a fraction of the money saved to lease the aircraft back from the buyer.

In this scenario, the original party maintains the use of the aircraft while giving up many of the responsibilities and costs that come with owning it. Some examples of parties that may consider aircraft leaseback agreements include flight schools, charter operators, and Fixed Base Operators (FBOs). An aircraft leaseback agreement is a unique situation that comes with the following specific benefits:

  • Financing: Utilize a leaseback agreement to turn your aircraft into funds by using it as collateral for a loan.
  • Freed equity: You may be in a comfortable financial state, but freeing up some equity by performing a leaseback agreement on your aircraft can help you use your funds more productively.
  • A shifted risk of resale: The resale market for aircraft can be volatile. Sell your aircraft now and become the lessee to transfer that risk to the new owner. This arrangement helps you escape the repercussions of owning an obsolete asset.
  • Improved balance sheet: Owning an aircraft often comes with a sizeable amount of debt. A leaseback agreement can remove this debt from your balance sheet.

Who Exercises Operational Control in an Aircraft Lease Agreement?

We’ve mentioned the term “operational control” several times in the sections above. Now it’s time to acknowledge the importance of this term as it relates to the various types of private aircraft leasing agreements. According to the Code of Federal Regulations, operational control is the “exercise of authority over initiating, conducting, or terminating a flight.” In other words, defining operational control in an aircraft lease agreement answers the questions of who has control to begin, conduct, and conclude a flight with the leased aircraft.

The type of lease and its specific details determine who has operational control of the aircraft. In a wet lease, the lessor has operational control of the aircraft because they are providing both the aircraft and crew. A dry lease situation is different. The lessee of the aircraft in a dry lease agreement possesses operational control because they are the party providing the flight crew. Put simply, the party providing the flight crew obtains operational control of the aircraft.

The FAA has created Truth in Leasing guidelines to help both parties involved in an aircraft leasing agreement understand who has operational control. FAA inspectors also use these guidelines during inspections to ensure the leasing structure is legal and that both parties are compliant. These guidelines ensure leases are legal, truthful, and followed by the involved parties.

To further help you understand who should have operational control, here are some example questions an FAA inspector might ask to determine who has operational control of the aircraft in a leasing situation:

  • Which party decides aircraft assignments and crewmembers?
  • Which party accepts flight requests?
  • Which party begins, conducts, and ends flights?
  • Do the pilots work for the lessee, the lessor, or another entity?
  • Which party is responsible for the aircraft maintenance and the location of that maintenance?
  • Which party determines the time of maintenance, and who pays for it?
  • Which party ensures the aircraft, flight, and crew are compliant with regulations?
  • Which party pays for the aircraft’s fuel?
  • Which party determines weather requirements?
  • Which party pays for parking costs, airport fees, rental cars, and/or food service?

How the FAA Evaluates Leasing Agreements

The FAA is the party that evaluates leasing agreements. This organization ensures that both parties involved with a leasing agreement are following the rules and the law. With the various leasing options available, it’s possible for individuals or organizations to manipulate the boundaries of these agreements and commit unlawful acts. This behavior can have serious consequences, which you can read more about in the next section.

To ensure you stay compliant with the FAA, here are the three levels to how the FAA evaluates leasing agreements:

  1. The written agreement: This is the actual leasing agreement shared and signed by the two parties. These parties are the lessee and lessor. The written agreement includes critical information about the lease, including whether it is a wet lease, a dry lease, or a leaseback. The agreement also includes information like pricing, duration, and who has operational control of the aircraft at any given time. The FAA can gain plenty of the information they need from the written agreement to ensure the lease is legal and compliant with regulations.
  2. The relationship between parties: The FAA will also analyze the relationship between the lessee and lessor. This information will further help the FAA determine the legality of the leasing arrangement, and it will also help them build a foundation for the next level of evaluation — disguised arrangements that both parties are aware of.
  3. Trying to distinguish any arrangements in disguise: It’s important for both parties to strictly follow the legal guidelines for all aircraft leasing arrangements. The FAA puts great emphasis on evaluating agreements to ensure legality, and one of the possibilities they look for is the presence of disguised arrangements. For instance, if both parties sign a dry lease, the lessor’s providing of maintenance or a flight crew would be outside the legal scope of the leasing agreement.

What Are the Consequences of Violating Aircraft Leasing Regulations?

Both the lessor and lessee must do all they can to ensure they are following the FAA’s regulations when they enter a leasing agreement. Honesty and transparency are key for leasing arrangements, both for the involved parties and the FAA’s ability to see that all aspects of the arrangement are legal. But the unfortunate truth is that some entities will purposely circumvent FAA regulations and rules, which is why the FAA has to be so strict about their evaluations in the first place.

The actions a party can take to get around the FAA’s regulations can be mild or severe. Either way, these actions are illegal and can put lessors and lessees in difficult legal situations. Some examples of illegal actions regarding aircraft leases include the following:

  • The lessor may skirt insurance responsibilities to save money, even though they have entered a wet leasing agreement in which insurance is their responsibility to provide.
  • The lessor may avoid including maintenance in a wet leasing agreement, which would save them money initially but is illegal according to the FAA.
  • Both parties could conspire to sign a dry lease to avoid paying certain taxes while still providing and receiving perks that would only be included in a wet lease.

If the FAA finds anything illegal in the leasing arrangement, severe consequences can follow. These unlawful actions can include illegal character operations that can tarnish one’s reputation in the private aircraft industry. The FAA can also issue fines for illegal activity. In a more practical sense, violating aircraft leasing regulations such as providing insurance in a wet lease can lead to greater expenses in the event of an accident that damages the aircraft.

Choose Latitude 33 Aviation for Private Aircraft Charters and Sales

Make sure the company you’re chartering a private jet from manages safe aircraft and follows all FAA regulations. Latitude 33 Aviation has the resources and expertise to get you the private aircraft you need with the peace of mind that all laws and regulations are being followed. We specialize in providing luxury flights in various sizes for all our clients. When you need a private aircraft for business or leisure, you can trust us at Latitude 33 Aviation.

We invite you to contact us today for more information. Or, request a quote and get started finding the charter aircraft for your needs. We look forward to serving you.

Aircraft Dealers vs. Aircraft Brokers: What’s the Difference?

Aircraft Dealers vs. Aircraft Brokers: What’s the Difference?

As you begin your search for a private aircraft for sale, one of the first questions you may have to answer is whether you will purchase your aircraft from an aircraft dealer or an aircraft broker. Your choice of an aircraft broker or aircraft dealer will impact factors such as your costs and relationship with the manufacturer. Keep reading to learn more about the differences between an aircraft broker vs. dealer.

What Is an Aircraft Dealer?

Typically, an aircraft dealer is a business that will buy or trade aircraft to build an inventory to resell to buyers. All transactions will go directly through the aircraft dealer without involvement from a third party. Purchasing from an aircraft dealer is different than buying from an individual seller. Many aircraft dealers have an affiliation with original equipment manufacturers and may have new aircraft in their inventory.

Most aircraft dealers receive authorization to resell or accept trade-ins. Use caution when trading or buying a private aircraft with an aircraft dealer and ensure you are receiving the best advice without conflicting interests.

What Are the Registration Requirements for Aircraft Dealers?

All aircraft dealers must apply for registration with the Federal Aviation Administration and receive a Dealer Aircraft Registration Certificate before conducting business. An aircraft dealer must renew their registration yearly to continue buying and selling.

After receiving a Dealer Aircraft Registration Certificate, an aircraft dealer can perform the following:

  • Make any flight tests the aircraft requires
  • Operate, demonstrate, and merchandise the aircraft without the need to obtain a Certificate of Aircraft Registration for each time the ownership of an aircraft changes

According to Subpart B of the Federal Regulations, dealers can use their Dealer Aircraft Registration Certificate in place of a Certificate of Aircraft Registration. The requirements of this subpart state that a dealer may apply for multiple Dealer Aircraft Registration Certificates in combination with their original certificate. Dealers can also use a Dealer’s Aircraft Registration Certificate for any aircraft currently in their possession.

What Is an Aircraft Broker?

An aircraft broker can work for a company or independently to assist individuals interested in buying or selling a private aircraft. A broker will be present throughout the entire process, from initial negotiations to final transactions between a buyer and seller.

The Seller’s Broker

There is much more to selling aircraft than what may meet the eye. A seller’s broker needs to have the expertise to know what a potential buyer may look for in an aircraft, know where to find buyers, and understand how to maximize profits from the sale.

One of the primary duties of a seller’s broker is to make a proper evaluation of the value of your aircraft. They should be knowledgeable about recent sales and familiar with other aircraft on the market. In short, a seller’s broker will create a strong value proposition for your aircraft while searching for potential buyers.

In addition, an individual looking to sell their aircraft can also rely on their broker for advice on offers, negotiations, concessions, and any issues in the contract process. Your seller’s broker should have an intensive knowledge of the terms and conditions of the contract for both buyer and seller. A seller’s broker will be present at all critical moments and discussions from the initial inquiry to closing. The value that a seller’s broker brings by getting top dollar for the sale and facilitating a smooth transaction should well exceed the price of their service.

The Buyer’s Broker

The opposite of a seller’s broker is a buyer’s broker. This broker must be fully aware of the buyer’s needs without bias or a conflict of interest. Buyers will consult their broker for assistance throughout the entire decision-making process. After listening to the buyer’s needs, a broker will search the market for all available aircraft or aircraft scheduled to arrive on the market soon. A buyer’s broker will then discuss their findings to establish a shortlist of potential purchases.

Intimate knowledge of market conditions, aircraft available for purchase, and recent sales are important benefits a buyer’s broker provides. The buyer’s broker will facilitate the process of making an offer on an aircraft, negotiating the price and associated purchase conditions, as well as protecting the buyer’s investment by performing aircraft history research and pre-purchasing inspections to ensure the aircraft is in the expected purchase condition and not misrepresented. The broker can also assist in minimizing tax liability during and after the purchase process.

The duties of a buyer’s broker and seller’s broker may overlap at times. Both types of brokers should have experience on either side to better serve their clients and understand the risks involved in each deal.

Do You Need a Broker to Sell or Buy an Aircraft?

Using a broker is not required to buy or sell an aircraft. However, when making a multimillion-dollar purchase or sale, it is recommended to have an experienced expert in your corner to protect your investment and your interests.

A broker can assist with many details, such as creating a stronger value proposition, negotiating to improve your purchase/sale position, leveraging the proper legal resources for contract preparations, or completing the registration, bill of sale, and other required forms. When you sell or buy through a broker, you will need to pay a fee for their services. If you decide to sell or buy an aircraft yourself, you will be responsible for determining the value and completing all the legal requirements. Buying or selling through a broker is entirely your choice.

Pros and Cons of Using Aircraft Brokers

Using an aircraft broker to buy or sell your aircraft has its positives and negatives. An ideal broker will provide benefits such as:

  • Knowledge of the aircraft market: An aircraft broker will have access to comprehensive market data that is not publicly available, as well as know where to source buyers and sellers to aid in your transaction.
  • Expertise: Aircraft brokers can conduct inspections and evaluations, as well as inspect flight and maintenance logs.
  • History of the market: Your broker should know the current and past market trends. This knowledge allows your broker to recognize the value of your aircraft and negotiate based on market changes.
  • Transaction skills: A good broker can navigate contracts, price negotiations, and tax considerations.
  • Post-sale assistance: Experienced brokers can assist with sourcing a flight crew, hangar arrangements, aircraft navigation system subscriptions, insurance, and maintenance. 

You will need to pay service fees for using a broker, which may reduce your profits as a seller or increase your costs as a buyer. Before working with a broker, do some research to see if they are reputable to avoid possible scams. Aircraft brokers that also provide aircraft management services must protect the best interests of their clients long-term throughout the aircraft purchase/sale, rather than simply assist with a single transaction.

Pros and Cons of Using Aircraft Dealers

Using an aircraft dealer has its positives and negatives. Many aircraft dealers have new aircraft in their inventory, allowing for a relationship between dealers and manufacturers throughout your aircraft ownership. A dealer and manufacturer may assist with maintenance and technical problems, and they can also answer any questions you may have. Buying a new aircraft also allows for customization.

Buying your aircraft from a dealer can have some disadvantages as well. After purchasing a new aircraft from a dealer, the value will quickly depreciate. While purchasing a pre-owned aircraft is typically a safe option, you may risk undisclosed mechanical issues when you buy from a dealer.

Start Your Aircraft Transaction With Latitude 33 Today

When it comes to your aircraft, you want the best service. At Latitude 33 Aviation, we offer aircraft for sale, and we can assist with buying or selling your aircraft with our brokerage services. With our complete line of services and our factory acceptance program, Latitude 33’s team has a thorough knowledge of the marketplace to ensure each transaction is successful. Please fill out our contact form today to speak with one of our representatives.

Top 3 California Wine Country Destinations

Visit California’s wine country for a truly exquisite experience. Sample some of the most divine varietals while enjoying California’s gorgeous coastline, lush forests, and charming small towns. Stroll through peaceful gardens, listen to crashing waves, enjoy vineyard views, or tour beautiful historic buildings.

The top three California wine areas include Anderson Valley, Sonoma County, and Napa Valley. These wine country destinations offer some of California’s most unique winery experiences. Whether you enjoy sophisticated art, live music, beautiful flowers, delicious food, or a small-town ambiance, you are sure to have a delightful time in the best California wine regions.

Anderson Valley

Visit Anderson Valley to slow life down and enjoy the small-town charm of California’s Mendocino County. It is both a productive and a laid-back valley where you can see undulating hills, lush woodlands, olive groves, fruit orchards, pasturing livestock, and plenty of vineyards. Simply stroll through the valley to find peace and serenity, and enjoy an incredible glass of wine to make your visit even more delightful.

Take in breathtaking ocean views as you sample wine at Pacific Star Winery. Sit back and relax with a signature white or red wine blend as you listen to the waves crash against the cliffs. Sample various wines to find your favorite, and spend some time by the water to catch a glimpse of the gray whales that frequently swim close to the shore.

Visit Navarro Vineyards and Winery for an intimate, rustic experience. Sample some incredible wine paired with artisan cheese and meats directly from their farm, or enjoy a refreshing glass of non-alcoholic grape juice. Relax and sip wine on the deck, or stroll through the beautiful gardens overlooking the vineyards.

For a truly unique experience, sample some wine at Husch Vineyards. The charming tasting room is a converted pony barn that dates back to the 19th century, and it’s covered in gorgeous flowers and ivy to create a secret garden ambiance. Try a Pinot Noir with hints of orange, vanilla, and cherry or a Cabernet Sauvignon with tastes of mulberry, cassis, and mocha. The winery offers 22 unique wines produced from hand-harvested grapes.

Sonoma County

Sonoma County is full of coastal beauty, stately redwoods, and charming small towns. Treat yourself to a relaxing spa experience, hike among redwood trees, feel the ocean breeze on your skin, or indulge in some acclaimed wine and food.

Located in Sonoma, one of California’s many wine cities, Ram’s Gate Winery reflects the landscape’s weathered farmsteads that covered the area 100 years ago. Book a wine tasting paired with a cooking class and demo, or reserve a chef-packed picnic to enjoy while you sample wine crafted with locally sourced grapes.

Sample varietals as you stroll through lush gardens at Ferrari-Carano Vineyards and Winery. Sip wine as you make your way across charming footbridges, around meandering paths, and past a peaceful stream. Marvel at panoramic views of the gorgeous valley, or enjoy a delicious Sunday wine and brunch.

Visit Gundlach Bundschu Winery for a taste of history and unique wine. It is a family-run winery founded in 1858 that spans six generations. Tour the winery or enjoy live music while you sample delicious wine. Try a glass of dry Gewürztraminer or fruity rosé, and enjoy a truly charming experience on this historic property.

Napa Valley

Savor the best of California’s wine country in Napa Valley. Whether you enjoy a glass of rosé after hiking to the top of Mount St. Helena or find your zen at Calistoga’s Labyrinth, Napa Valley is sure to delight. Enjoy a wine tasting at a rustic, historical winery or indulge in a fully luxurious experience. There is something for every type of wine lover in Napa Valley.

Sip wine inside a Gothic-style stone castle at Chateau Montelena. Wine lovers appreciate this 1800s chateau for its delectable Chardonnay and Cabernet Sauvignon. Stroll through the grounds to enjoy a gorgeous Chinese garden and a tranquil lake. Book a Library Tasting to experience Chateau Montelena’s history and sample exclusive wines not featured in the marketplace.

Experience the perfect combination of marvelous art and delectable wine at Hall St. Helena, a winery showcasing incredible architecture and expressive art. Take in beautiful contemporary art as you enjoy a delightful Merlot. Book a wine-tasting tour to sample four wines and learn about the history of Hall St. Helena.

Visit Round Pond Estate to enjoy Old World Italian hospitality. Sample delicious wines on a covered terrace and enjoy a meal featuring seasonal ingredients from the estate’s on-site garden. Take in the serenity and beautiful views as you enjoy a glass of Cabernet Sauvignon.

The Benefits of a Private Jet Charter to Wine Country

Flying to California’s wine country will enhance your wine-tasting experience. A private charter flight is the perfect pairing for a wine tasting trip, and you can enjoy a private jet wine experience like no other with Latitude 33 Aviation. With years of experience transporting clients to the top wine destinations, we make traveling to California’s wine country safe, quick, efficient, and stress-free.

Travel with Latitude 33 Aviation for a wine experience with the following benefits:

Efficiency

Fly with a charter that can accommodate your unique schedule. Skip the strict timelines and specific routes of commercial airlines, and enjoy the flexible availability of a private jet. Arrive at your destination faster at a time that works for you.

More Time for Wine

Spend more vacation time on wine and less time on stressful airport protocols. Take a private charter flight to avoid parking, shuttles, waiting in long lines, checking bags, and going through security at a public airport. Private flights offer a much simpler experience. Arrive shortly before your scheduled departure time, unload your luggage next to the plane, and board for take-off.

A Premium Experience

Enjoy a relaxing and comfortable flight to California’s wine country. At Latitude 33 Aviation, we maintain our aircraft to the highest standards, and ours are newer than other charter companies’ aircraft. Fly on a private charter jet equipped with the best technology and amenities. Arrive at your destination safely with the highest level of pilots, aviation experts, and crew members who hold the ARGUS Platinum Safety Rating.

Explore California’s Wine Country on a Private Jet

Fly to California’s wine country for a delightful experience. Enjoy a stress-free flight into California’s top wine destinations and spend more of your valuable vacation time sampling irresistible flavors. Indulge in a truly exquisite experience sipping wine along California’s coastlines, strolling through charming small towns, or dining al fresco while overlooking gorgeous vineyards.

With Latitude 33 Aviation, you can rest assured you will reach your destination on your preferred schedule. Whether you want to experience Anderson Valley’s small-town charm, Sonoma County’s beautiful views, or Napa Valley’s upscale ambiance, you are sure to have an incredible time. Contact Latitude 33 to learn more about how we can help you reach your destination efficiently and make the most of your time in California’s wine country.

Top Destinations for Memorial Day Weekend

Top Memorial Day Destinations

 

unofficially marks the start of summer and is one of the most popular weekends for all types of travel. As we ease out of travel restrictions due to the pandemic, more than 37 million Americans are projected to travel this Memorial Day weekend. We advise to lock in your vacation plans early. Here are the top six most desired destinations for this year.

Information credit to: Trips to Discover

01. Miami, Florida

 

Miami, Florida

During Memorial Day Weekend, there are typically fewer crowds and discounted rates for hotels and resorts in Miami. From the many outdoor activities to fun festivals, there are endless things to do and ways to take advantage of the long weekend in Miami. Take a cruise around the Biscayne Bay or take a trip down to Key West. Whatever you decide to do in Miami, you are sure to have an exciting and eventful weekend.

02. Cape Cod, Massachusetts

 

Cape Cod, Massachusetts

Full of calming scenery, Cape Cod is one of New England’s premier beach destinations. Easily accessible from many east coast cities, Cape Cod is a great destination to spend Memorial Day Weekend. Enjoy your time outdoors with miles and miles of bike trails or well-protected nature preservations. Venture on over to Provincetown to check out the local boutiques and restaurants.

03. Phoenix, Arizona

 

Phoenix, Arizona

Rising summer temperatures mean low hotel and resort rates in Phoenix, Arizona. Make the most of your time in the desert by visiting the Desert Botanical Garden, go on a bike ride, or a guided hiking tour. Capture the amazing desert views from a hot air balloon. Cool off at one of Phoenix’s many relaxing resort pools and leave Memorial Day Weekend feeling pampered and refreshed.

04. Palm Springs, California

 

Palm Springs, California

Nonstop sunshine, endless number of acclaimed eateries, and fun vintage shops, Palm Springs, California is an excellent vacation destination all year round. This Memorial Day, spend the long weekend in one of Palm Springs’ unique and unforgettable desert resorts. Accommodations range anywhere between a hot mineral water spa hotel to a fabulous vacation home rental. Soak in the outdoors with a yoga retreat or immerse yourself in the art and culture that is home to Palm Springs.

05. Charleston, South Carolina

Charleston, South Carolina

Charleston, South Carolina is known for its bountiful Memorial Day celebrations. The Spoleto Festival is a two-week performing arts festival with performances of opera, theater, jazz, symphonies, choruses, and visual arts. Charleston is also home to impressively preserved historical architecture. Art and music lovers who want to enjoy famous southern hospitality should venture over to Charleston for their Memorial Day Weekend vacation.

06. Lake Tahoe, California

Lake Tahoe, California

Lake Tahoe, California is a great destination to escape to all year-round. Snow-covered mountains perfect for ski trips in the winter and beautiful warm weather perfect for boating during the summer, Lake Tahoe has it all. Perfect for an outdoors vacation, Lake Tahoe is full of beautiful historic landmarks like Vikingsholm Castle and Hellman-Ehrman Mansion. Choose to go on a scenic hike in Sugar Pine Point State Park or relax at one of Tahoe’s all-inclusive resorts for Memorial Day Weekend.

Book a Private Jet for your Memorial Day Weekend

Latitude 33 Aviation’s charter department is available 24/7 for your custom flights and trips. Contact our concierge charter department at 1-800-840-0310 or email Charter@L33Jets.com.

What’s Involved in an Aircraft Appraisal?

Aircraft valuation helps owners, buyers and sellers determine the fair market value of their jet. Certified appraisers know how to determine the value of a plane accurately. Their valuations produce the most accurate appraisal possible, and a certified appraiser can effectively evaluate the elements that influence an aircraft’s true value.

What Is an Aircraft Appraisal?

An aircraft appraisal is an impartial, professional opinion of an aircraft’s value. Experts who understand the factors of the used aircraft market’s current behavior prepare appraisals based on analysis and experience. Certified aircraft appraisers provide valued opinions that can be justified and substantiated.

A person purchasing an aircraft uses an appraisal to understand its value. They can trust a professional aircraft appraiser’s opinion because it will be impartial and based on professional experience.

An appraisal lets a seller know their aircraft’s condition as well as its current fair market value so they can go into the sales process with confidence. An appraisal also documents the condition and value of an aircraft and supports a bank’s collateral position in an aircraft loan.

What Is the Purpose of an Appraisal?

An appraisal will help you determine an aircraft’s market value so you can list it or purchase it at an appropriate price that reflects the aircraft’s worth. An appraisal performed by a certified appraiser will ensure you have an accurate valuation to help you enter the sales and purchasing process confidently. An appraisal will help you avoid overpaying for an aircraft or selling it for less than it’s worth.

When Do You Conduct an Appraisal?

You should conduct an appraisal in any of the following situations:

  • Purchasing a pre-owned aircraft
  • Selling a share of your private jet or changing ownership
  • Evaluating or changing an aircraft’s insurance coverage based on its worth
  • Securing financing or asset management for tax purposes
  • Refinancing your aircraft

Most leasing companies, banks, and insurance underwriters require an accurate valuation performed by a certified appraiser before they will approve financing. Appraisals often take a week to perform, depending on the aircraft’s complexity, so it’s best to schedule an appraisal as soon as you can to ensure the process is complete when you plan to buy, sell, or refinance your aircraft.

The 3 Types of Appraisals

There are three different appraisal options that offer various degrees of accuracy. Aircraft valuation methodology includes:

Pricing Digest Valuation

A pricing digest valuation analysis is based on published data in a Blue Book or a value reference (Vref). This appraisal type has the lowest cost, but it often provides general and stale information. Most people are satisfied with pricing digest valuation appraisals, but this approach is difficult to use when an aircraft features notable upgrades.

Additionally, pricing digest valuation appraisals cannot incorporate current aircraft supply and demand conditions, and these conditions can significantly impact a jet’s value. If an aircraft was produced in limited numbers, its demand will fluctuate, which means the pricing digest may indicate a significantly lower or higher price than the aircraft’s actual current value.

Desktop Appraisal

A desktop appraisal is a more accurate analysis that combines a pricing digest valuation with supply and demand conditions and other factors. This combination of factors produces a more comprehensive and accurate analysis of an aircraft’s value. When a certified appraiser performs a desktop appraisal, they can determine an aircraft’s value by analyzing:

  • Recent prices
  • The number of days an aircraft has been on the market
  • Upgrades
  • Logbooks
  • Maintenance records
  • The aircraft’s specifications
  • Upcoming maintenance expenses

Physical Appraisal

Physical Appraisal
A physical appraisal is a comprehensive, hands-on inspection and analysis of an aircraft’s value, and it is the most precise appraisal method. Physical appraisals are best for more unique or expensive aircraft. During a physical appraisal, the appraiser will inspect the engine, check logs, open panels, and check the entire aircraft to determine its current condition. A physical appraisal will produce the following deliverables:

What Happens During an Appraisal?

During an aircraft appraisal, the appraiser will collect all of the necessary information about the aircraft to determine its fair market value. They will thoroughly inspect the jet’s interior and exterior in a physical appraisal, check the maintenance history, and examine the aircraft’s logbooks.

The Elements of an Appraisal

Appraisers will look at the aircraft’s basic make and model configuration and compare the aircraft to similar models. If the aircraft’s indicators are more favorable than the basic configuration, the appraiser will add value. If its indicators are less favorable, the appraiser will subtract value.

The elements of an aircraft appraisal include:

Year, Make, and Model

Newer aircraft models will typically cost more than older models. For example, a 2016 aircraft model will have more value than a 2009 model. The make and model also affect a jet’s value. Appraisers will check if certain models have flight restrictions and regulations, such as avionics and noise abatements, that contribute to an aircraft’s value.

Interior and Exterior

Appraisers will inspect an aircraft’s interior and exterior elements such as paint, seating, and rugs. They will rate the exterior paint on a scale of 1 to 10, with 1 indicating no paint and 10 indicating that the paint looks new. They will also use this numerical scale for the interior. They will give a lower score for the aircraft’s interior if it has no interior elements or if there is significant wear and tear to the rugs and seating. The aircraft will receive a higher score if the interior smells and looks new.

Engine Time, Airframe Time, and Auxiliary Power Unit

Appraisers can measure an aircraft’s performance using cycles, landings, and total flight hours. If an aircraft has higher than average values for landings, cycles, and time, it will have less value. If it has below-average values for these elements, it will have more value. These variables also precipitate future maintenance procedures, which could increase or decrease the aircraft’s value.

Avionics

An aircraft’s avionics will vary depending on the aircraft model. Avionics include the following electronic systems:

  • Navigation
  • Communications
  • Flight control
  • Monitoring
  • Weather systems
  • Fuel systems
  • Collision avoidance
  • Display

An appraiser will compare the aircraft’s avionics to the basic model’s avionic configuration. An aircraft’s avionic values will increase or decrease its value, and some avionics are more beneficial than others. For example, an onboard internet connection will make an aircraft more valuable than one without an internet connection.

Airworthiness Directives

An aircraft’s airworthiness directives should be up-to-date and compliant. If airworthiness directives do not meet the necessary standards to fly the aircraft, the appraiser will have to factor the cost to restore airworthy conditions into the appraisal.

Aircraft Logbooks

Appraisers will check the aircraft’s logbook to make sure it is complete and original. An incomplete logbook can decrease an aircraft’s value because it could hide past structural damage. An incomplete logbook can also make it more challenging for a new owner to resell the aircraft in the future.

Geographical and International Location

An aircraft’s geographical location can contribute to its condition because different climates can cause damage over time. Consistent operations in snow, ice, and cold weather put more demand on an aircraft, while locations with humid or salty air can cause corrosion. Sand can damage the engine if an aircraft is in a desert location, which can cause future issues.

It’s also important to consider an aircraft’s international location. A jet in a foreign country could potentially have a logbook in another language or have past maintenance and inspections from unrecognized facilities.

Aircraft Damage

Appraisers will evaluate an aircraft’s damage on a case-by-case basis. Any type of damage will make a jet less valuable than one of the same model with no damage, but minimal issues are not as detrimental as severe concerns.

Significant damage can affect the aircraft’s airworthiness and require expensive repairs, which an appraiser will reflect in the final value. Regular maintenance can prevent damage and keep your aircraft in good condition.

Private Jet Brokerage Services from Latitude 33 Aviation

Purchase or sell a quality private jet with confidence at Latitude 33 Aviation. We will help you determine an aircraft’s fair market value with accuracy so you can purchase a new aircraft or sell your current one.

At Latitude 33 Aviation, we conduct accurate appraisals with extensive expertise and honesty. We will determine the most beneficial and fair aircraft price based on up-to-the-minute data on market conditions. Contact Latitude 33 Aviation or call 1-800-840-0310 to request aircraft brokerage services.