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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.

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.
Things to Do on the Fourth of July

The Fourth of July calls for friends, family, barbeques, and of course, fireworks. As we start to transition back to normal life after spending more than a year indoors, people are becoming more eager to celebrate holidays the way they did pre-pandemic. This Independence Day marks the beginning of summer celebrations with friends and family. 

Whether you plan on celebrating locally or taking a trip to California, we put together a complete guide to make your Fourth of July celebration memorable. From exclusive cruises to spectacular fireworks shows, California has numerous events and activities to enjoy on the Fourth of July. Looking for other special destinations this Fourth of July? Contact our charter department and they will gladly arrange any accommodations you may need.

SAN DIEGO

With five-star hotels and amazing beaches, San Diego is a great destination to spend the Fourth of July. Hosting various events, there is something to do on the Fourth of July for everyone. Here is a roundup of the best places to enjoy fireworks and celebrate the Fourth of July in San Diego:

  • SeaWorld San Diego – Independence Day Fireworks Spectacular – Starting at 9:30pm, SeaWorld San Diego will put on a special fireworks show for the Fourth of July. View for free from Mission Bay Park, or spend the day at the park and end the night with a fantastic fireworks display. 
  • LEGOLAND California – Red, White & BOOM! – The only fireworks display that magically transforms into bursts of LEGO bricks. View for free from some of the local businesses or spend the day at the amusement park with the family.
  • San Diego’s Big Bay Boom Fireworks Show – View one of the largest fireworks displays in California from a location of your choice. The show starts at 9pm, so sail your private boat out on the bay during the firework show for an exclusive and up close experience. Enjoy the show displayed from four barges on San Diego Bay. 
  • San Diego County Fair Fourth of July Celebration – Located at the Del Mar Fairgrounds, the best view of the fireworks display will be from the West Avenue and West Gate area. Keep in mind that viewing is limited because the fair is open by reservation only and there will be no seating at the Grandstand area.
  • La Jolla Fireworks – A local favorite – the annual fireworks show in La Jolla has been a beloved attraction for over 25 years. The best view is from Ellen Browning Scripps Park overlooking the La Jolla Cove. Arrive early to claim your parking spot or spend the day at the beach or nearby parks to ensure you get the closest view. 

SAN FRANCISCO

Charter a private jet to San Francisco and enjoy one of the largest fireworks displays in the country with unmatched views of the Golden Gate Bridge. Two sets of synchronized firework displays ensures you get the best view no matter your location. Get even closer to the action with a cruise on the bay. There are numerous cruise options to choose from that depart from Fisherman’s Wharf. Enjoy other summertime attractions in SF like an Oakland A’s baseball game or a free concert at Stern Grove Park.

LAKE TAHOE

Escape the city with a vacation to Lake Tahoe for the 4th of July. With sandy beaches, water activities, all-day barbecues, and more, it is no surprise Lake Tahoe is a popular attraction on the Fourth of July. Bring your boat out on the lake and enjoy Lights on the Lake. Lake Tahoe hosts the largest synchronized fireworks display in the western United States. Looking for something romantic to do on the Fourth of July? Several restaurants on the lake have exclusive tables open for reservation with special arrangements to view and dine during the show.

LOS ANGELES

Los Angeles has endless fun for your Fourth of July weekend. Attend a concert at the Hollywood Bowl for a summer concert series or enjoy some great views while watching a rooftop movie. Marina del Rey’s 4th of July Fireworks Show starts at 9pm and can be seen from virtually anywhere in Marina del Rey, Venice Pier, Playa Vista, and Dockweiler Beach. Hop on a city cruise, or charter a private yacht to get the ultimate close-up view. One of the biggest fireworks shows in Southern California can be found at the Pasadena Rose Bowl Stadium – The 95th Annual AmericaFest. Parking opens at 3pm, doors to the stadium open at 5:30pm, and the festivities start at 7pm. 

The Fourth of July is one of the busiest travel days of the year. Add extra time to your vacation by chartering a private jet to one of these locations. If you are interested in chartering a private jet for the Fourth of July, please contact our charter department today. For a spontaneous summertime adventure, hop on a one-way flight. View our one-ways page for the most up-to-date list of empty leg flights.

Happy Fourth!

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.
Overcoming Flying Anxiety

YOUR GUIDE TO OVERCOMING FLYING ANXIETY

Even though flying remains one of the safest forms of travel from a statistical standpoint, fear of flying is one of the most common phobias people have. Whether it’s because of fear of an accident, the claustrophobia associated with being in the airplane cabin, or the loss of control they feel, flying can be a big source of anxiety for travelers. For many people, their flying anxiety can begin days or even weeks before their flight, making them feel nervous and negatively impacting their daily lives.

However, if you have flying anxiety, the experience of flying for work or vacation doesn’t have to be stressful. There are many options for preventing and overcoming that anxiety before and during a flight. We have created the accompanying airplane anxiety guide to provide you with tips that can make your travels more calming and enjoyable. It lists some of the techniques that are most effective at helping nervous fliers cope with their anxiety.

Flying may produce anxiety in people in many ways. Some people are unnerved by the unfamiliar noises they experience during a flight, or the pain they feel due to air pressure changes. Other people don’t like confined spaces and the feeling that they can’t get out, which are only made worse by staying in a pressurized cabin for several hours. Many other people have misconceptions about how safe flying is and spend their flight in fear of an accident. No matter what causes it, anxiety can make flying uncomfortable and agonizing.

Fortunately, there are a number of strategies you can practice to help reduce your anxiety before you board the plane, as well as many steps you can take during a flight that can help you feel more at ease. One proven technique is to spend the weeks before your flight concentrating on your physical fitness, as that can have a major effect on your mental state. Whether you work out more, concentrate on meditation or yoga, or a combination, improving your physical condition can make a big difference in your mood while you fly.

While you’re in the air, you can try to concentrate on puzzles, movies or any other activity that will occupy your mind and help prevent you from focusing on your anxiety. Bringing items in your carry-on bag such as noise-canceling headphones, coloring books, a sleep mask or anything else that can take your mind off the flight is another sound strategy.

Still a little nervous about flying? Consider flying privately. You can cut out possible anxiety triggers such as long lines, delays, not-so-friendly passengers and missing luggage. The friendly, calm experience you enjoy when chartering a jet can help reduce flying anxiety. Latitude 33 Aviation is a premier private jet operator that can assist you with this option. Make yourself at home with your own private flight, enjoy catered meals, watch your favorite movies, and relax without worries. The team at Latitude 33 Aviation would be honored to make your flying experience extraordinary and is happy to accommodate special requests.

It is possible to have a comfortable, relaxing flight — even if you have flight anxiety. By being aware of what causes you to feel stressed during a flight and using some coping strategies before and during the flight, you can enjoy your flight much more and arrive at your destination feeling calm. Review the accompanying aerophobia guide to help you prepare for your next flight without stress or anxiety.

FLYING ANXIETY GUIDE

More than a quarter of Americans report feeling some kind of anxiety related to air travel. This guide goes into detail about some of the common causes of flight-related anxiety and how people can overcome it.

Reasons for Flying Anxiety

  • Turbulence
  • Mechanical noises
  • Pain caused by pressure changes
  • Misinformation about risks of flying
  • Personality factors
  • Recent stressful life events

How to Prepare for a Flight

  • Research the statistics. Knowing how many planes fly every day perfectly safely can help put your mind at ease before you board.
  • Get to know the plane. If possible, spend some time in the cabin of a plane before your trip and acquaint yourself with all the features.
  • Focus on your physical health. Your physical condition can have a significant impact on your mental state, so step up your exercise routine before your flight or start meditating to keep your mind clear and calm.
  • Make yourself comfortable. Download a favorite movie or create a playlist with your favorite music before your flight.
  • Dress for the flight. Loose, comfortable clothing will help you feel more at ease during the flight.
  • Avoid alcohol or caffeine. Certain substances can make your anxiety worse, so make sure you drink some soothing tea before your flight.

Tips to Overcome Anxiety

  • Stay busy during the flight. Keeping your mind and body occupied during the flight can help keep your mind off your anxiety.
  • Download an app. Apps are available to help you manage your anxiety through guided meditation, breathing exercises and other methods.
  • Try to sleep. If you can, try to use the flight as an opportunity to get some shuteye. You will miss most of the flight altogether and eliminate the opportunity to get nervous.
  • Shut out noise. Noise-canceling headphones or earplugs can block many of the sounds that create anxiety in nervous fliers.
  • Choose your seat carefully. Sitting closer to the front of the plane cuts down on the amount of turbulence you may feel during the flight.

Items That Reduce Anxiety

  • Headphones
  • iPod/music
  • Books
  • Movies
  • Video games
  • Aromatherapy oils
  • Sleep mask
  • Crafts