Tag

aircraft acquisition

Browsing
It’s a Hot Summer for Private Aircraft Sales

There are many reasons why you or your company may be considering aircraft ownership if you are flying more than you anticipated this year. Summer travel continues to be a hot topic with all the uncertainty as the world opens back up. Major airlines continue to change schedules and drop routes. Commercial flights are fully booked with hundreds of passengers and thousands of touch-points you come in contact with during your entire flight process. Private jet charter welcomed many first-time flyers during 2020. Brokers, operators, and jet cards are introducing more blackout days, fully booked schedules on peak charter days, and higher fees. Increased booking windows and less availability of select aircraft are making an impact on the type of plane and experience you have come to expect. As the demand for travel significantly increased, so have private aircraft sales.

As a private jet owner, you are in control of the schedule, destination, and passengers on board – all without the wasted time waiting in long queues or navigating through crowded major airports.

Your aircraft is available whenever you want it, on your schedule.

BENEFITS OF OWNERSHIP

Tax Benefits

Potential for significant tax savings, including up to 100% bonus depreciation.

Privacy/Safety/Accessibility

Enjoy minimal touch-points, travel with only the passengers you choose, and have control over your aircraft’s schedule and availability.

Cost of Ownership

Managing your asset and planning for the future.

Tax Benefits

 

If your plan is to use your jet primarily for business, there are some potential tax benefits that can help offset the costs of the initial investment. On average, these deductions go above and beyond to help justify the sizable upfront purchase price.

Previously, businesses were able to recover up to 70% of a factory-new jet’s initial cost within three years time, based upon a disparity between the asset’s real-life rate of depreciation and accounting. In addition, a “bonus depreciation” was possible to speed up defined depreciation rates upwards of 50%. However, tax reform passed in late 2017 allows the potential for 100% bonus depreciation for the aircraft in the first year and applies to both new and used aircraft – a key benefit to those who can take advantage of the change. This means that after a business purchases a private jet, it can potentially depreciate the full purchase price of the aircraft immediately. Keep in mind, these potential tax deductions don’t apply to recreational/personal use of the aircraft. It is uncertain how long these tax incentives will remain in place, so many would-be aircraft buyers are choosing to take advantage of these current benefits before they go away.*

Privacy/Safety/Accessibility

Privacy

With the purchase of your own private jet, you can ensure a level of confidentiality and security above all other forms of personal or business travel. Whether it’s required due to your industry or a personal preference, owning your own aircraft places you in control of your personal and private travel requirements. Normally common among high-profile business professionals and celebrities, private jet travel is now becoming more widespread as privacy and personal information concerns are on the rise.

Safety

Private jet travel is extremely safe, but not all companies invest in the same level of standards. You want to work with a company like Latitude 33 Aviation who is among the top five percent of U.S. private jet charter operators to achieve the stringent ARGUS Platinum safety rating. However, safety concerns expand beyond the aircraft. You may have allergies or want to ensure a completely risk-free environment. You may experience sensitivities to perfumes or strong odors or have a compromised immune system. Perhaps you are concerned about your pet’s safety during flights or wary of not having the freedom to bring them along with you when traveling. Private jet ownership offers you the safety and convenience of controlling your surroundings by traveling consistently on your aircraft which is important for those with health concerns.

Accessibility

Accessibility is a huge deciding factor and an added plus for private aircraft owners. Are you having a difficult time securing an aircraft for your private charter flights? Are your charter rates or jet card rates continuing to climb? Are holiday and peak travel period surcharges exceeding your planned budget? Then ownership of a private aircraft is a perfect solution to remove limitations of accessibility for your personal or business life. Whatever your reason, owning a private aircraft will always supply the greatest opportunity for privacy, comfort, and flexibility. These preferences are major factors influencing the decision for many clients to move from chartering to private jet ownership.

Cost of Ownership

 

Attempting to become a jet expert overnight and purchasing an aircraft unassisted alone can be risky. Latitude 33 Aviation will help you select the perfect aircraft for your specific needs and introduce you to the latest aircraft models by industry-leading manufacturers. Whether you are looking for an all-new private jet or pre-owned aircraft for sale, our aviation company based out of Southern California walks you through the selection process to maximize your investment and minimize your risk. In some cases, the cost of ownership could possibly cost less than chartering or being a jet card member depending on your amount of travel.

When purchasing an aircraft, there are five primary categories of planes to choose from. The category is determined by factors like maximum range and passenger-carrying capacity:

Determining which aircraft category is right for you depends on various factors of your travel requirements. Are you traveling for business or pleasure? How many passengers do you normally travel with? How far away are your frequently traveled destinations?

 For example, if you fly shorter local trips between 100-600 miles, a turboprop is a good choice. However, if you travel with a larger party of 11 or more passengers and want to cover longer distances nonstop, then a heavy jet is best-suited for that mission.

If you are thinking about buying a jet to charter out or for personal use, it’s best to include the following in your thought process: average trip length, typical and maximum number of passengers that will be flying, potential savings from chartering, factory-new or pre-owned aircraft, desired acquisition budget, etc.

Finding a private jet to purchase can be a daunting task to pursue alone. It will most likely have you wondering if you’re vetting out all the best aircraft on market or getting a good deal as there are few aircraft valuation tools that are easily accessible. Latitude 33 Aviation makes the entire aircraft purchase process seamless and enjoyable for a buyer. Our dedicated in-house aircraft market intelligence team will build a custom aircraft market report with curated jet options aligned to your specific needs and preferences. Our data is based on a proven mix of real-time market updates, industry trends, market reports, realistic cost of ownership, aircraft history, and comprehensive investigative research. This allows you to make an informed and confident decision on the purchase of a factory direct acquisition or a pre-owned private jet. Information in these reports include the aircraft’s manufacture year, serial number and registration, aircraft location, total number of airframe hours, days on market, condition of paint and interior, pricing expectations, and more. Our experts are upfront about the condition of each aircraft for sale, as we closely analyze maintenance history and inspection reports for a sound purchase. We will also assist with negotiations, inspections, FAA documentation, closing, and delivery of your new aircraft. 

After purchasing an aircraft, there are ongoing costs for managing your private jet. These costs include but are not limited to hangar fees, fuel, landing fees, catering, hull insurance, liability insurance, crew and/or crew training, and average maintenance for parts and labor. When purchasing an aircraft, it is important to understand the total cost of ownership by evaluating not just the acquisition cost but also those for ongoing operations.

PARTNERING WITH AN EXPERT IN PRIVATE AIRCRAFT SALES

Latitude 33 Aviation is a fixed-fleet operator – not a broker, jet card, or app on your phone. We manage one of the newest and largest fleets of light, midsize, super-midsize, and heavy jets in North America. With over 120,000 hours of operational experience, we leverage our expertise to help you acquire the right aircraft that aligns with your mission profile and helps you gain the most out of your private jet asset for your business, family, and lifestyle. Deploying our management services will simplify the ownership experience and reduce your costs with fleet discounts, significant buying power to save on fuel, maintenance, subscriptions, and more. We understand details matter at each phase of the process – cash flows, account reporting, fuel savings, training, maintenance, and a flight crew that allow you to focus on what matters most to you. Let Latitude 33 Aviation help you make the most of your valuable time.

 Ready to purchase an aircraft?

At Latitude 33 Aviation, we are glad to help you through this process. Leverage an industry-recognized group of experts delivering professional, full-service private aircraft sales and acquisition services. Latitude 33 will handle every aspect of the private jet acquisition process for you including market analysis, aircraft selection, contract negotiations, legal and tax referrals, facility selection, on-site pre-buy representation, and jet pilot mentoring. We will gladly answer any questions and help you through the acquisition process. There has never been a better time to start the buying process than right now.

Private Aircraft Sales

Already have a jet you’re ready to sell? Learn more about our private aircraft sales services.
Keep up-to-date with Latitude 33 Aviation news, fleet additions, and one-way empty leg flights.
Read our latest blog posts ranging from private aviation trends to the top five tips for private jet summer travel.
How to Buy a Private Jet

For anyone who travels significantly for business purposes, purchasing your own private jet has likely crossed your mind. The dream has perhaps materialized while mid-flight on a chartered jet, enjoying the serenity of a personalized experience and staff dedicated to your distinct needs. It is a great time to buy a jet, and the process of aircraft acquisition is much simpler than some may think. If you already spend at least 150-200 hours per year flying, then most aviation industry experts will encourage you to buy a private jet. Traveling often for pleasure or business meetings or taking advantage of the convenience of having a company aircraft are great reasons to support purchasing a private jet. The benefits of owning a private jet are many!

A BUSINESS INVESTMENT

Traveling on your own plane means your trips are faster, with less wait time overall, and your trips are much more efficient because you will be flying into smaller airports, closer to your desired destinations. Flying when you are ready to, instead of waiting on commercial schedules, equates to increased convenience and time savings. You will have complete privacy during flights on your own jet and be able to hold confidential meetings or presentations while maintaining productivity, all within the comfort of your own space, which can be designed and decorated to your specific preferences. A private jet means you can show your clients that you value their time, privacy, and comfort by providing them with first-rate travel arrangements. Employee retention is increased, as well; your employees will be happier with the comfort and efficiency of private flying.

FRACTIONAL OWNERSHIP

Before discussing what purchasing your own jet looks like, it is worth mentioning the alternate option of fractional ownership. Although the hourly rates are higher than owning your own aircraft, this choice may be a better option if you fly less than 150 hours annually since it provides you with many of the benefits of owning your own aircraft without requiring the upfront capital investment. Ownership is available based upon fractional amounts of the flight time the operator anticipates per year. So, your portion could be 1/16th of the annual flight time, about 50 hours, but that also means you are only allocated that specific amount of time in the aircraft per year. For that portion of ownership, the cost usually starts around $275,000, and also requires various fees to cover fuel, maintenance, insurance, crew salaries, and the cost of keeping the plane in a hangar.

WORKING WITH THE RIGHT TEAM

Purchasing a jet will begin with hiring an experienced aircraft broker to represent you. It is important to find a trusted aviation consultant or brokerage firm that understands aircraft, someone with a background as a pilot or an engineer. This person should also have business experience to most effectively assist with your purchase and associated negotiations. Your travel needs will best determine the type of aircraft you should purchase, and your broker will be a vital part of that decision, taking into account not only how many people you will usually be putting on each flight but also how far you plan on regularly traveling.

Once you enter into an agreement with an aircraft brokerage, they will begin seeking out the best private jet to suit your needs at the best price, while making sure the plane is safe and up-to-date on maintenance. An aircraft brokerage can also help to give you an idea of the costs involved, not only with the purchase, but also the upkeep and management of a private jet.

A company or individual that will be selling an aircraft will have it available on their website, as well as other aircraft sales platforms such as:

Your broker will know the market and begin immediately scouring the globe to find your best deal. You will need an aviation lawyer to work through the sale and all of its details, as well as ensure you are meeting FAA compliance regulations and tax requirements. A good aviation consultant or broker should already have an aviation lawyer, and perhaps also an aviation tax specialist and aircraft financing company, with whom they commonly work with to buy a private jet.

FINALIZING THE PROCESS

After a jet that fits your needs is located, the brokerage will execute a pre-buy review/inspection utilizing a highly-experienced aircraft engineer, which will include a test flight to ensure everything is functioning properly. The engineer will submit a report on their findings, along with the specifics of the maintenance that might be needed soon. Once you and the seller negotiate the final price, the sale can be finalized and you will be the proud owner of a private jet. The full buying process usually takes about 4-6 weeks. After your aircraft is purchased, it is recommended you hire an aircraft management company who can maintain, oversee, and protect your jet. Your selected aircraft management company will handle the maintenance, insurance, fuel, parts, and the hiring of a pilot and flight crew.

BUY A JET WITH LATITUDE 33 AVIATION

With the information you need to make the right choice for your particular travel requirements, buying a private jet can be an exciting event that will open new avenues for you and your business. Latitude 33 Aviation offers full-service assistance and support with each step of the jet-buying process and is ready to help you and expertly represent you each step of the way. View our sales page to learn more about our sales and acquisition processes, as well as our recent sales or contact us to speak with one of our experts about the buying process.

Celebrate this Fourth of July by taking a trip on a private jet with Latitude 33 Aviation.
Keep up-to-date with Latitude 33 Aviation news, fleet additions, and one-way empty leg flights.
Read our latest blog posts ranging from the private jet onboard experience to the top 5 tips for private jet summer travel.
Phenom 300 Available for Charter
Phenom 300 for Charter

WELCOME ABOARD – PHENOM 300 AVAILABLE FOR CHARTER

Latitude 33 Aviation is proud to announce the latest addition to its private jet charter fleet – the Embraer Phenom 300. This addition is the sixth Phenom 300 Latitude 33 Aviation has added to its private jet fleet. With a generous cabin space, modern interior, and best-in-class cabin altitude, this Embraer Phenom 300 truly provides a satisfying private jet experience. The fresh 2018 exterior features a Matterhorn White base and Gloss Black striping. Based in San Diego, CA at Palomar Airport (KCRQ), this impeccable aircraft is ready for your upcoming charter flights.

Phenom 300 for Charter

SPECIFICATIONS

Max speed – 453 ktas

Max range – 1,971 nm

Cabin – 324 cubic feet

Stores up to 12 bags

Seats 7 passengers

AMENITIES

AirShow

Satellite phone & radio

Video monitors & DVD player

Private lavatory with sink

Wi-Fi

FEATURES

New 2018 paint

Fully reclining seats

Two distinct temperature zones

Custom cabinetry

New style armrests

LATITUDE 33 AVIATION’S PHENOM 300 FLEET FOR CHARTER

This Phenom 300 now flies among Latitude 33 Aviation’s fleet of Phenom 300s – the largest managed fleet of Phenom 300s in the world. With four Phenom 300’s available for charter in Carlsbad, CA, this latest charter addition has expanded Latitude’s capabilities in Southern California and beyond. Latitude 33 Aviation takes pride in the aircraft and the exceptional services provided to its clients. As the best-selling light business jet in the world six years in a row, Embraer’s Phenom 300 provides the unparalleled experience clients expect. When you book a private charter flight in a Phenom 300 with Latitude 33 Aviation, you will experience the highest level of luxury travel.

SALES & ACQUISITION SERVICES

As part of our aircraft sales and acquisition services, Latitude 33 Aviation oversaw the entire aircraft acquisition, inspection, and acceptance process for this beautiful aircraft. After efficiently selling the aircraft owner’s Embraer Phenom 100 as part of our executive aircraft brokerage service, Latitude 33 Aviation scoured the global market to find the best possible aircraft for the owner’s specific set of needs.

FLY PRIVATELY WITH LATITUDE 33 AVIATION

Our private charter aircraft are conveniently based in Carlsbad, Orange County, Long Beach, Hawthorne, Van Nuys, and Fresno, California, for your private jet charter services. With nearly two dozen aircraft in our private jet charter fleet and the highest safety rating in the industry, we set the standard for private air travel.

Contact Latitude 33 Aviation’s concierge charter department for arrangements. Whether you are looking for a private jet rental in San Diego, air charter services in Los Angeles, or a private jet flight in Southern California or beyond, our team will get you where you need to go.

To learn more about Latitude 33 Aviation’s private jet charter offerings, please visit:

Private Jet Charter Travel Services

Contact Us 24/7: 800.840.0310 or Charter@L33Jets.com

Instagram Logo    Facebook Logo    Twitter Icon    LinkedIn Icon

Welcome Aboard – 2007 Citation CJ3 for Charter
2007 Citation CJ3

ACCEPTANCE & ACQUISTION

After a quick Latitude 33 Aviation acquisition, we are thrilled to welcome another Cessna Citation CJ3 to the Latitude 33 Aviation fleet for charter. This 2007 Cessna Citation CJ3 stands out from the fleet with its one-of-a-kind vibrant green stripes. This CJ3 is sure to win you over by its comfort and efficiency. Our new addition is based out of McClellan-Palomar Airport in Carlsbad, California and ready for your upcoming charter flights.

COMFORT & EASE

The Cessna Citation CJ3 is voted “Best of the Best” in its category for a number of reasons. Its long-legged reclining seats allow you and your passengers to always fly with comfort. Whether you’re heading to a relaxing vacation spot or traveling for work, the Citation CJ3 provides a pleasant environment. The spacious layout and dropped floor aisle make the Citation CJ3 easy to navigate through. This aircraft features six club seats, allowing for easy communication between you and your passengers. This seating arrangement also makes for an excellent collaborative workspace for you and your colleagues.

BENEFITS

Ensure that your work gets done on time or relax and stream your favorite shows and movies using the aircraft’s free Wi-Fi. Live the ultimate luxury by enjoying your favorite snacks and meals stored in the forward refreshment center. Enjoy privacy in the fully-enclosed flushing lavatory. No matter your reason for travel, this newly acquired 2007 Cessna Citation CJ3 is sure to exceed your expectations.

BOOK YOUR FLIGHT

Latitude 33 Aviation manages the newest and largest fleet of light jets in the U.S. with over 20 aircraft available for charter and ready for your next trip. Explore Latitude 33 Aviation’s fleet with aircraft ranging anywhere from four to nine passengers located all over California in Carlsbad, Van Nuys, Hawthorne, Fresno, Orange County, and Long Beach. Latitude 33 Aviation’s one-way flights offer last-minute trips to anywhere in the United States. Latitude 33 Aviation has the service, crew, and private jets ready to accommodate your travel plans.

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

Follow us to keep up to date:

Instagram Logo    Facebook Logo    Twitter Icon    LinkedIn Icon

Another Embraer Phenom 300 Available for Charter
Latitude 33 Aviation N66M

The Embraer Phenom 300 delivers the unparalleled class and sophistication you desire for your private travel needs, and Latitude 33 Aviation is proud to welcome the fifth Phenom 300 to its fleet. With a solid white base detailed with charcoal, red and black stripes, this Phenom 300 demands attention on the runway. Voted the best light jet in the world for four consecutive years, Latitude 33 Aviation’s 2017 Phenom 300 (N66M) is ready for takeoff. Based in San Diego, CA, this beautiful private jet is perfect for San Diego and Los Angeles Phenom 300 charter flights.

Fine Cabin Experience – The Phenom 300

Cutting edge technology and a large cabin space create the perfect ambiance for private travelers. The gray leather seating, wood cabinet finish, and gray carpet enhance your travel experience and comfort. Make important business phone calls and video meetings using the in-flight internet access and in-flight phone system. Unique for its class, this aircraft includes an externally serviceable lavatory, sink, and closing door for full privacy.

The Phenom 300 holds the best-in-class speed, range, and field performance. Equipped with the Prodigy Touch Flight Deck, the Phenom 300 provides the efficiency and functionality for single-pilot operation. The intelligent ergonomics and outstanding interior design enhance your travel experience. With innovative seats and upper tech panel along the aircraft’s ceiling, every inch of the Phenom 300 delivers efficient travels.

This 2017 Phenom 300 is the latest addition to Latitude 33 Aviation’s growing fleet of super-midsize and light jets. A favorite among private travelers, the Phenom 300 can travel from Las Vegas to Toronto, nonstop. From state-of-the-art avionics to its elegant interior, the newest 2017 Phenom to the Latitude 33 Aviation fleet is ready for your next private flight.

View our fleet page for additional information about this aircraft. If you need a last-minute trip, we regularly have special one-way deals.

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

Contact Us 24/7: 800.840.0310 or Charter@L33Jets.com

Instagram Logo    Facebook Logo    Twitter Icon    LinkedIn Icon

Bombardier Challenger 300 Available for Charter
Bombardier Challenger Available for Charter

Latitude 33 Aviation is proud to introduce its newest super-midsize aircraft available for private jet charter, the Bombardier Challenger 300. This high-performing aircraft is ready to accommodate your next private charter flight. An expert in managing light jets, Latitude 33 Aviation further expands its expertise into the super-midsize category with the addition of Challenger 300 charter capabilities. Based minutes away from Los Angeles International Airport (LAX) at Hawthorne Airport, Latitude 33 Aviation is ready to accommodate your next private jet charter flight in San Diego and Los Angeles.

Sophisticated & Transcontinental – The Challenger 300

The Challenger 300 provides the leading edge of technology, comfort, and convenience. With a stand-up cabin of over six feet, and comfortably holding nine passengers, traveling across the country has never been more pleasant.

The luxurious and pristine Challenger 300 includes eight leather seats, with an additional seat available in the enclosed lavatory. In addition to exceptional comfort, the aircraft is equipped with a galley (complete with microwave and coffee maker), a fully enclosed lavatory, and widescreen LCD monitors. Work efficiently onboard with ground-based Wi-Fi. The Bombardier Challenger 300 is also equipped with a large in-flight accessible baggage compartment able to fit skis, golf clubs, and luggage.

CL300 Latitude 33 Aviation

The Bombardier Challenger 300’s transcontinental range and runway capabilities provide access to remote airports. The large seats make for productive work areas and business meetings. The fully furnished snack bar is customized to your needs and desires. If you need any special arrangements, catered meals, or any in-flight services, Latitude 33 Aviation’s concierge charter department can happily arrange them.

Challenger 300 N286JR Exterior

As one of the most popular aircraft in its category, the Challenger 300 combines luxurious comfort, exceptional performance, reliability, and outstanding operating costs. Its superior long-range cruise speed allows for non-stop trips from Los Angeles to Montreal and can travel to Europe, from various locations in the U.S., with one stop. The newest addition to the Latitude 33 Aviation fleet perfectly complements other exquisite jets available for charter.

View our fleet page for additional information about our aircraft.

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

Contact Us 24/7: 800.840.0310 or Charter@L33Jets.com

Instagram Logo    Facebook Logo    Twitter Icon    LinkedIn Icon

Latitude 33 Announces 50 Percent Growth in 2017
San Diego Private Jets and Private Plane Sales 2017 Results - Latitude 33 Aviation

April 3, 2018 – Latitude 33 Aviation experienced remarkable growth in 2017. All three business units (aircraft sales and acquisitions, aircraft management, and private jet charter) grew year over year, with a 50 percent increase in charter hours flown.  Some highlights include:

  • Total aircraft assets under management increased to $157 million
  • $68 million in aircraft (jet and turboprop) sales and acquisition transactions completed
  • Nearly 11,000 hours of flight time accumulated throughout the year
  • Expanded mid and super mid-sized aircraft portfolio with the addition of an Embraer Legacy 500 and Cessna Citation XLS+
  • Los Angeles private jet charter operations grew with the addition of Orange County/Santa Ana/John Wayne Airport charter base
  • ARGUS Platinum safety rating was achieved, placing Latitude 33 in the top 5% of all U.S. based charter operators
  • Local outreach program was launched to help raise $50,000 for community organizations
  • Friendly Flier awarded by Van Nuys Airport for the fourth consecutive year in recognition of outstanding flight operations

 

New Citation CJ4 Business Jet - Latitude 33 Aviation Growth in 2017

While growth in 2017 was expected to exceed previous years, the combination of unparalleled customer service, additional factory new aircraft added to the fleet, and industry tailwinds helped 2017 become a record-breaking year.

Latitude 33 Aviation has always offered bespoke aircraft brokerage services, but last year marked the expansion of the aircraft sales and acquisition division with the addition of a full-time sales team. When aircraft owners are looking to move up in aircraft capacity and capability, they choose Latitude 33 Aviation to oversee the sale of their current aircraft and acquisition of their next jet because of the company’s specialized industry experience. Unlike many other aircraft brokers, Latitude 33 Aviation does not just buy and sell aircraft – it manages, operates, and maintains a large fleet of jets which provides the company with in-depth operating knowledge of each specific jet.

The company has also developed close relationships with major business jet manufacturers such as Cessna/Textron, Embraer, and Bombardier. As an operator who accepts and operates many factory-new aircraft on an annual basis, Latitude 33 Aviation is regularly recommended by manufacturers to prospective aircraft owners or current owners who are looking for professional aircraft management services.

Read the story of  Latitude 33 Aviation’s first 10 years

Latitude 33 Aviation 10 Year Story

 

In becoming San Diego’s only ARGUS Platinum safety rated private jet charter company, Latitude 33 Aviation continues to demonstrate its commitment to constant improvement to its clients, aircraft owners, and partners. Although the company has a perfect safety record, it wanted to raise the bar and challenge itself to meet the most stringent standards in the industry. In doing so, Latitude 33 Aviation became one of the few qualified operators that meet the standards to provide supplemental flight support to some of the world’s most well-known private flight companies.

For more information about private aircraft ownership or to book your next flight, call 800-840-0310 or email charter@L33jets.com

Follow us to keep up to date:

         

Beautiful Citation M2 Available for Private Jet Charter
Beautiful Citation M2 Available for Private Jet Charter N686JH

March 22, 2018 – We are proud to announce another stunning new aircraft has been added to our charter fleet. This 2013 Cessna Citation M2 is now available for luxurious private jet charter services. Based in sunny Carlsbad, California (perfect for San Diego and Los Angeles private jet charter flights), this light jet provides the flexibility and efficiency needed to get you where you need to go. Managing the largest and newest fleet of light jets in the United States and the most Citation CJ3s in the world, Latitude 33 Aviation is the expert in light jets. It is no surprise the new owners of this exquisite aircraft chose Latitude 33 Aviation to handle the aircraft acquisition, acceptance, and final delivery process.

Style, Comfort, and Features Galore

With seating for up to six passengers, a private belted lavatory, and spacious leather seats, traveling with family and friends is an experience unlike any other. The Citation M2’s elegant Carbon interior design and comfort define traveling in style. Stay connected with high speed WiFi while you enjoy the view from eight large passenger windows.

Crowd Pleaser

A favorite among private fliers, the Citation M2 provides efficient flying with low operating and maintenance costs. This new light jet has a maximum range of 1,540 nautical miles and cruising speed of 464 miles per hour. Perfect for business trips and meetings, this aircraft was manufactured for efficient and convenient travels. Saving time and money, country singer and pilot Dierks Bentley flies the Citation M2 to perform at his concerts and back home to his family.

Bring the Extra Luggage

Bring your favorite shoes, tennis rackets, luggage, ski equipment etc. and store them away in the spacious baggage compartment. Designed for safety and a certified single pilot, the Citation M2 is equipped with the state-of-the-art Garmin G3000 Integrated Avionics System. Easy to access diagnostics and weather management systems reduce pilot workload and increase safety. Redefine your travel requirements and book your next trip in our newest Cessna Citation M2.

View our fleet page for additional information about this aircraft. If you need a last-minute trip, we regularly have special one-way deals.

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

 

Follow us to keep up to date:

      

How the Tax Cuts and Jobs Act Affect the Aviation Industry
Private Aircraft, Tax Cuts and Jobs Act

On December 22, 2017, the President of the United States signed The Tax Cuts and Jobs Act. Currently, the federal government imposes an excise tax on every commercial flight. Under this new legislation, the maintenance of a privately managed and operated plane would be exempt from this tax.

Below is the section of the bill which describes the tax breaks for aircraft owners:

The proposal exempts certain payments related to the management of private aircraft from the excise taxes imposed on taxable transportation by air. Exempt payments are those amounts paid by an aircraft owner for management services related to maintenance and support of the owner’s aircraft or flights on the owner’s aircraft. 

Applicable services include support activities related to the aircraft itself, such as its storage, maintenance, and fueling, and those related to its operation, such as the hiring and training of pilots and crew, as well as administrative services such as scheduling, flight planning, weather forecasting, obtaining insurance, and establishing and complying with safety standards. Aircraft management services also include such other services as are necessary to support flights operated by an aircraft owner.”

Q: How does this new tax reform affect the aviation industry and purchase of private aircraft?

A: The acquisition of an aircraft for business could be depreciated at 100% of the cost within the first year of ownership. This is an immediate, important change from previous tax guidelines. For example, based on a marginal tax rate of 40% and a jet acquisition price of $5,000,000 there is a potential income tax savings of $2,000,000.

Q: Is there a difference between the acquisition of a pre-owned aircraft vs. a factory-new aircraft?

A: No, the tax reform applies to both new and pre-owned aircraft.

Q: Is there a cap or phase-out to deduction price point?

A: No, there is no purchase price point at which the tax advantage caps out. The tax benefits would apply to a seasoned jet owner upgrading to a Citation Longitude, as well as a first-time aircraft owner looking to purchase a single-engine turboprop aircraft.

Q: I would like to purchase an aircraft soon, should I wait?

A: Now is the perfect time to buy an aircraft as the new incentives are very advantageous. Although the new Tax Cut eliminates the like-kind exchange (1031 exchange) for aircraft transactions (in 2018 the Act will only allow the 1031 like-kind exchange for real property) and taxpayers will no longer be able to defer taxable gain on their aircraft when they wish to upgrade, the new tax cuts applicable to buying a new plane are immediate and significant.

Q: What if I wish to deduct entertainment expenses for my business aircraft?

A: Previously, deductions of entertainment expenses are only allowed if they directly relate to the taxpayer’s conduct of business. Starting in 2018, the new tax cut does not allow the deduction of entertainment expenses, regardless if it associated with the owner’s/taxpayer’s business.

Q: Great! I am ready to purchase my aircraft. Now what?

A: Contact the experts on our jet acquisition service team at 800-840-0310 or AircraftSales@L33Jets.comLatitude 33 Aviation is glad to help you through this process – we are an industry-recognized group of experts delivering professional, full-service aircraft ownership programs. Latitude 33 will handle every aspect of the private jet acquisition process for you including market analysis, aircraft selection, contract negotiations, legal and tax referrals, facility selection, on-site pre-buy representation and jet pilot mentoring. We will gladly answer any questions and help you through the acquisition process.

Not quite ready to purchase? Check our charter page for additional private flight options and services.

To view our current inventory of jet aircraft for sale please visit: Latitude 33 Aviation: Aircraft Inventory 

For more information about The Tax Cuts and Jobs Act please visit: U.S. Congress Website