Private aircraft can be a valuable tool for companies seeking increased accessibility, efficiency, and flexibility. While there may be numerous advantages to leasing or owning corporate aircraft, there are some important tax implications to understand beforehand. Fortunately, there may be room for tax deductions to lower these financial expectations.
This guide explores private jet tax implications and the various tax breaks for owning a jet to help you make an informed decision that aligns with your financial circumstances and business goals. It also delves into steps you can take to improve your chances of qualifying for tax deductions.
Private Jet Tax Implications
Owning and using a private jet may come with important tax considerations. Here are four of these tax implications to keep in mind:
1. Type of Personal Use
When someone uses company aircraft for personal reasons, they may incur tax. This is categorized as personal entertainment use or personal non-entertainment use. The category personal use falls into often depends on whether a spouse or guest was present, the agenda, and the time spent on personal or business activities.
For example, a personal entertainment flight might involve a trip to a sporting event or concert. Personal non-entertainment flights may include travel for medical treatment, work, or a funeral.
2. Imputing Income
A company may need to credit fringe benefit income to an employee when they use the company aircraft for personal non-business use. Two ways to measure the value of the employee’s transportation for accurate and correct reporting are to consider the charter rate for the trip or use Standard Industry Fare Level numbers. The company must report the imputed income on the employee’s W-2, and the employee must report the income on their personal tax return and pay the income tax.
3. Sales and Use Taxes
It may be helpful to consider purchasing an aircraft in tax-friendly jurisdictions for more manageable state sales and use tax requirements. Look into states that offer exemptions for aircraft purchases, no sales taxes or fly-away exemptions, which allow purchasers to avoid state sales taxes when they leave the state within a specified period.
4. Excise Taxes
Your private jet may incur excise taxes from the federal government on payments for aircraft fuel and air transportation. For this reason, it may be best to follow the appropriate ownership structure and avoid placing the jet in a separate legal entity that may trigger excise tax.
Are Private Jets Tax Deductible?
While private jets cannot be written off on taxes entirely, certain aspects of their taxes are eligible for tax deductions. For example, some necessary expenses associated with trade or business activities may be deducted. Therefore, it is important to track the different uses and travel expenses to allocate expenses appropriately between personal and business use.
What Are the Tax Breaks for Owning a Jet?
There are numerous tax benefits you can get from owning a private jet, from deducting maintenance and operating expenses to depreciating costs over your jet’s useful life. Here are a few private jet tax breaks you may leverage as a corporate jet owner:
Business Purpose Deductions
One of the most common private jet use deductions is when a person uses the jet for business purposes. Using aircraft for business purposes allows you to deduct costs related to insurance, fuel, maintenance, pilot salaries, hangar fees, and lease or loan interest payments.
It is important to make sure your jet is primarily used for corporate reasons to help you qualify for this tax benefit and many others. In these cases, you will want to maintain a meticulous record of business activity expenses and the purpose of each flight to demonstrate its benefit to your business.
Depreciation
According to the Tax Cuts and Jobs Act, bonus depreciation helps you deduct a reasonable amount of your jet’s cost. Originally, this rule included a 100% bonus depreciation write-off, which expired at the end of 2022.
The law is set to phase out by 20% each year. In 2023, the bonus depreciation was 80%. Following this, 2024’s bonus depreciation is 60%, 2025’s will be 40%, and 2026’s will be 20%. The bonus depreciation will be 0% in 2027 and beyond.
To avoid the recapture of bonus depreciation, your aircraft should be used for qualified business purposes at least 50% of the time during its depreciable life.
Federal Tax Credits
Particular use activities, such as using the aircraft in relation to research and development, may qualify for federal tax credits. Check for eligible activities and expenses and speak with a tax advisor to ensure you document them correctly and follow the appropriate filing procedure.
State Tax Credits
Private jet owners may also qualify for state tax credits on activities related to economic development and job creation as it incentivizes private jet ownership to improve local economies. Check whether there are available state tax credits in your region and speak with tax professionals to find ways to maximize credits.
Charitable Flights
You may be eligible for deductions when using your private jet for charitable objectives, such as for delivering humanitarian aid. Consult IRS guidelines and a tax professional for guidance and keep a detailed record of these flights and their related expenses.
Tax Benefits of Chartering a Private Jet
While owning a private jet may come with worthwhile tax benefits, it’s worth considering alternative options like private charter flights to avoid some private jet ownership tax implications.
Chartering a private jet for business purposes may allow you to deduct some chartering costs as ordinary business expenses. Chartering also offers flexibility by allowing you to fly on a well-equipped jet on short notice, without needing to prepare staff or take care of other aircraft management activities.
Buy or Charter a Private Jet With Latitude 33 Aviation
Whether you choose to partake in private jet charter flights or invest in owning a private aircraft, Latitude 33 Aviation may be able to assist you.
Latitude 33 Aviation is an aircraft sales and acquisitions, executive jet management, and private jet charter company in California. We offer our clients some of the latest aircraft models from industry-leading manufacturers, whether new or pre-owned. Clients may also choose from different types of jets, including light, midsize, super-midsize, and heavy private jets. If you plan to use our private charter services, you can expect flexibility regarding aircraft availability, improved time savings, and privacy and comfort.
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
Owning a private jet is the ultimate symbol of luxury and convenience, but keeping it in top condition can feel like a full-time job. Just as you would maintain your car and send it for regular service, you also need to maintain your aircraft. With the right routine and a few key adjustments, maintaining your aircraft can be straightforward.
Use this guide on maintenance tips for private jet owners to extend your aircraft’s life span while complying with certain regulations.
Why Maintenance Matters
Implementing a proactive maintenance plan and adhering to the jet’s manufacturer guidelines and regulatory mandates is vital. Here are key reasons why the importance of private jet maintenance cannot be overstated:
Flight safety: Above all else, maintenance helps keep the aircraft in operating condition and, thus, keeps all passengers safe while flying.
Aircraft reliability: A well-maintained jet is reliable and instills trust in those using the aircraft to travel.
Fewer repairs: A proactive approach helps reduce the likelihood of costly repairs, as you can identify potential issues early on.
FAA compliance: The Federal Aviation Administration (FAA) has various aircraft safety regulations that aircraft owners and operators must comply with. Jet owners can use these regulations to guide their maintenance routine and repairs to meet the legal requirements for safe flying.
Essential Private Jet Maintenance Tasks
What maintenance is required for private jets? You can have a professional perform four fundamental tasks to keep your private jet in top condition.
Learn how to maintain a private jet below.
1. Keep the Interior Spotless
Keeping your jet’s interior clean is part of a comprehensive maintenance plan. You should have a professional clean it before and after each flight.
Here are a few fundamental tasks to keep the inside of your jet spotless:
Clean windows
Deep clean floors
Wipe down all surface areas
Sanitize restrooms thoroughly
Use specialty cleaning solutions for leather surfaces
Pretreat fabric or vinyl seats to protect from spills
Sanitize high touchpoints, such as armrests and handrails
Empty out compartments, storage, and other nooks and crannies
Only use aviation-approved disinfectant and cleaning products to prevent the spread of germs and viruses and to protect passengers. When in doubt, refer to your aircraft’s maintenance manual for cleaning product and method recommendations. This manual may also include insights on optimal cleaning frequency.
2. Detail the Jet’s Exterior
Your jet’s exterior interacts with various elements and weather conditions while flying, so regular cleaning and detailing are crucial for its maintenance and appearance.
Basic detailing tasks can include the following:
Polish the windows
Clean the brightwork
Check the tires’ pressure
Apply a fresh wax coat or sealant
Inspect the fuselage’s drain holes for moisture
Perform a dry wash to remove dust and debris
Use a water-based cleaning solution to remove caked-on dirt, soot, or insects
3. Change the Oil
Experts recommend changing your aircraft’s oil every 50 hours of flight time if the engine has an oil filter. Jet engines without a filter may require an oil change every 25 hours instead.
Depending on your jet’s flying frequency and engine, this could be between two and four months or sooner. To gauge the average time your jet requires an oil change, record it each time in your logbook.
4. Check the Batteries
Check the main battery first and whether it is performing below capacity. Underperformance likely means your jet requires a new main battery.
Additionally, you can check and replace other batteries on the jet, including:
Carbon monoxide detectors
Flashlights
Headsets
While inspecting the various batteries, identify whether the spark plug requires any repairs or replacements.
Inspections for Preventive Maintenance
Part of a comprehensive maintenance plan is performing regular inspections. In Title 14 of the Code of Federal Regulations (CFR), section 91.409 covers the minimum requirements for aircraft’s annual and 100-hour inspections. Explore the basics below.
Daily and Preflight Inspections
Before each flight, the jet must undergo a preflight inspection, and the pilot must confirm whether the aircraft is airworthy. Regarding daily inspections, this decision can be made by the owner or operator, especially if the jet remains grounded for an extended period.
Hourly Inspections
Preventive maintenance can be divided into 100-hour operating time intervals. Now, depending on the type of jet, its use, and how much it has flown, there will be specific maintenance tasks. These checks can also be categorized into levels — from A to D — which progress from basic to more comprehensive inspections.
For example, at either 200 to 300 or 400 to 600 flight hours, your aircraft will require an A Check, which could include inspection of the following:
Aircraft exterior
Tires
Brakes
Fluid levels
Flight controls
Avionics systems
On the other hand, for a C Check, your aircraft requires a more vast inspection and maintenance every 18 to 24 months. This check could last between one to four weeks and include all tasks under an A and B Check.
Annual Inspections
After every 12 months, an aircraft must go through an annual inspection. One of the following can perform the annual inspection:
A certified repair station
The aircraft’s manufacturer
A certified airframe and powerplant (A&P) mechanic who holds an inspection authorization
Frequently Asked Questions for Private Jet Maintenance
If you have further questions regarding private jet maintenance, please refer to the list of FAQs below.
Depending on the type and complexity of maintenance. The owner or operator can do some tasks, whereas others require the assistance of a certified aircraft management company.
The FAA outlines specific rules and regulations regarding private aircraft maintenance and frequency. So, regarding how often it should be done — private jets typically require maintenance every 100 flight hours or annually — whichever comes first.
Maintenance encompasses many tasks — from inspections to cleaning and repairs to compliance with regulations. Aircraft owners can work with an experienced aircraft management company to handle these responsibilities and ensure their jets are in top condition.
Various inspection and maintenance checks depend on the aircraft type, its use, and the hours flown. That said, private jets require regular inspections of critical components to ensure passenger safety and compliance with the FAA.
Aircraft maintenance costs can range from 5% to 10% of its value, with the expenses allocated to routine inspections, unexpected repairs, and component replacements.
Trust Latitude 33 Aviation for Your Aircraft Management Needs
If you need assistance with your private jet’s maintenance, trust Latitude 33 Aviation. We offer numerous aircraft management services personalized to our clients’ needs. We can simplify aircraft logistics, helping you maximize private jet ownership and enjoyment.
An increasing number of travelers are choosing to fly private — and it’s easy to see why. Private aviation offers a convenient, luxurious flying experience, which many people value.
You may be curious about the onboard private jet experience. Our guide will provide a detailed overview of private jet travel so you know what to expect from the moment you step on board.
The Advantages of Flying Private
Whether you’re traveling for business or pleasure, you have several flight options available. Here are some of the top reasons to fly private:
Convenience: Travelers can set their own schedules and choose the most convenient airport from which to fly. This reduces the travel time to the airport and eliminates endless waiting at gates and terminals.
Privacy: You can truly relax and get comfortable on a private jet since you’re surrounded by the people you choose to bring on board. You can talk and work freely without worrying about invasion of privacy.
Productivity: Without the distractions of other passengers, you can work in peace and may get more work done than you would on a commercial flight.
Luxury: You can complete work tasks, talk to fellow passengers, and sleep in the spacious cabin. You can also use the ample space to store your personal and work items.
Affordability: By taking advantage of special one-way flights, you can often experience all the benefits of private aviation at an affordable price, especially if you’re flying with a group.
The list of advantages stretches even further since many aspects of a charter flight can be customized to fit your needs and wants.
Amenities on Private Jets
The main reason people fly private is the freedom it offers. You can customize everything from the flight menu to the interior of the aircraft to accommodate your unique needs.
Most people are familiar with commercial air travel, including the rigid schedules, potential delays, cramped seating, and many other headaches that come with it. Those considering the private jet lifestyle may be excited about the benefits of a customized flight. Beyond the benefits, novice flyers may still have questions about what it is like to fly private. The following sections detail answers to some of the commonly asked questions about private jet travel.
How Does Flying Private Work?
Individuals or corporations schedule private flights via a charter company. Many charter companies have their own aircraft, while others rent the aircraft. Some companies that rent aircraft manage the aircraft for the owner, facilitate bookings, and ultimately give the owner a lease back. You can charter private flights to fit your schedule — unlike one-way flights, which rely on predetermined routes. One-way flights are those that have passengers on the way to a destination but not on the return journey. In some cases, customers can book a flight on a one-way flight for a discounted price. However, finding a one-way flight that fits all your travel criteria — such as your desired date, time, and location — is nearly impossible if you are doing the research alone. Finding the perfect one-way flight that fits your itinerary is easy if you work with an operator or broker.
You can schedule private flights as early as months ahead or as late as 24 hours before departure. Specifying your departure time allows you to plan your future trip or book a flight for the same day in emergencies. No ticket is necessary for private flights since you’ll get an email itinerary from the charter company. This itinerary also includes information about the flight crew and pilots.
While private jets are extremely convenient and you can book them at short notice, there are some time limitations. Private flights need time to prepare, so it’s unlikely you can get a flight within minutes. Depending on the aircraft’s location, it may be at least a day before you can board and take off. Additionally, it may take longer to give the plane and flight crew enough time to prepare the aircraft for safe flying.
Private jets can fly out of almost any airport, big or small. Often, smaller airports that aren’t major hubs are more cost-effective. There are also many general aviation airports from which only chartered jets can fly, so passengers can choose the one closest to them and save time commuting. Once at the airport, you move from the terminal to the cabin quickly and take off soon after. Without needing to navigate giant, crowded runways and large numbers of passengers, private jets often end up in the air sooner than commercial jets.
Private jets also tend to fly higher than commercial jets. A higher altitude reduces the chances of dealing with air traffic and bad weather, both of which reduce the amount of time it takes to arrive at the destination.
One of the pros of flying private is the passenger can have more input about the flight — this includes the routes. Commercial airlines often cannot take a direct route, but private jets are not bound to the rules and regulations of large airlines and airports. If you want to get to your destination quicker, request a direct route. Similarly, you can request an indirect route if you want to enjoy a little extra time on the plane and enjoy the scenery longer.
Are Private Jets Safe?
Private jets are just as safe as commercial jets. The Federal Aviation Administration (FAA) outlines safety rules for both commercial and private jets. Specifically, all companies must ensure the aircraft is well maintained, inform passengers about safety procedures, and train knowledgeable pilots and staff.
The Transportation Security Administration (TSA) also has specific recommendations for fixed-base operators (FBO) — that is, the places from which many charter jets fly. TSA offers recommendations for pilots, crew, and aircraft mechanisms.
On top of these regulations, charter companies have their own ways of vetting staff and crew to ensure clients receive the best service. When researching a charter company, it’s a good idea to inquire about the experience of the pilots, particularly how many hours they’ve flown in the specific aircraft you’ll be using. You can also find out how the company vets its crew. It’s likely the company will be more than happy to explain how they are taking steps to ensure a safe and comfortable flight for you.
In addition, you can check the charter company’s ARGUS rating. ARGUS is an independent rating system for private jet operators that aims to help charter companies adhere to an internationally recognized standard. Companies that boast an ARGUS Platinum rating, like Latitude 33 Aviation, indicate to passengers and potential clients that they take safety very seriously.
Flying privately typically means you don’t need to travel with dozens of strangers. Passengers on a private jet often know each other and can enjoy time together during the flight.
Do Passengers on Private Flights Go Through TSA?
Yes, passengers aboard private jets go through security. However, removing shoes or separating liquids isn’t necessary — in fact, private charter jets enable you to carry greater liquid quantities. You can bring full-sized bottles of your cosmetics and shampoo, as well as sealed or unsealed bottles of alcohol or other beverages. Because of this, private jet security for passengers is often faster.
Instead of normal airport security protocol, passengers are searched at the terminal shortly before boarding the aircraft. Charter jets carrying 61 passengers or more must screen passengers and luggage before boarding. The requirements are different for light private jets, which typically seat between four and eight people. These jets are exempt from conducting the same inspection as commercial flight passengers.
What Can You Bring on Charter Jets?
Charter jet flights allow more freedom with luggage weight allowances. However, the size of the aircraft could impact how much baggage will fit on board. Since the baggage will be in the cabin with passengers, it needs to be able to fit in the space without blocking passageways. Otherwise, you can bring whatever you like on a charter jet.
Pets are welcome aboard a charter flight and can keep you company in the cabin. Like with commercial flights, you need to make sure your pet is up to date on required vaccinations, and you are responsible for obtaining any required documentation.
For international flights, you will need to make sure you have the appropriate documentation and meet the requirements of the arrival country. This can include getting a separate visa for your pet.
Can Private Jets Land Anywhere?
The short answer is yes, private charter jets have the privilege of landing at any airport in the country. It’s best to discuss your options with your aviation broker to see which airport is convenient and within your budget.
There may be fewer airports available for landing internationally. Charter jets must follow the rules and regulations of foreign countries, and the charter company may need to obtain permission to land at an international airport.
Can You Use Electronics on a Private Jet?
One of the pros of flying private is the opportunity to be more productive than you could on a commercial flight — even in first class. On private jets, you can bring your laptop, tablet, and phone and get work done in peace and comfort. Many private jets also offer Wi-Fi. If you need the internet to work or you plan to spend the flight browsing the web, you’ll need to request an aircraft with Wi-Fi capabilities.
While you can bring and use your electronics on a private jet, the Federal Communications Commission requires all passengers to switch electronics like telephones and tablets onto airplane mode while the aircraft is flying. This is especially necessary during takeoff and landing to ensure there is no interference with the aircraft’s navigation systems. The FAA is a little more lenient on this and suggests that electronics can be used during the flight if the aircraft crew deems they will not interfere with navigation or communication systems.
These regulations only apply to electronics that may interfere with communication systems, which means electronics like pacemakers, electric shavers, and portable recorders are exempt and can be used throughout the flight.
Do You Need a Passport or Visa on a Private Jet Flight?
Most charter jet flights are domestic, so a passport is usually not necessary. However, if you are planning to charter a jet to an international city, the immigration laws of that country still apply. You will be responsible for bringing your passport and visa to ensure entry.
Travel documentation also applies to any children or pets who may be traveling with you. It’s best to double-check the immigration requirements of your destination country and make sure you have all the appropriate paperwork ahead of time. This is especially crucial when it comes to visas since many of them require an application and take several weeks for approval.
When traveling on a private charter jet, customs and immigration are generally much quicker for many of the same reasons that security is quicker. The reduced number of passengers and the special terminal where charter jets land means officials can check and stamp in minutes.
Is Food Served on Private Flights?
Food can be served on private flights if the passengers request it. The perk of charter flights is you’re not limited to the same airplane food you’re likely to get on commercial flights. Instead, passengers can request almost any meal they want. More freedom allows passengers with strict dietary requirements to choose a meal they can enjoy.
Because private flights tend to be shorter than commercial ones, many passengers request simpler meals — like trays of fruits and vegetables or selections of cheeses that are easy to eat and share without reheating. However, requesting specific meals from specific restaurants is also a possibility if you desire.
The restaurant will need to pack food orders in a way that will stay fresh and allow for reheating on the plane. Some private jets have microwaves on board, while others have reheating ovens, so the packaging must be compatible with both. In addition, some restaurants decline to cater to private jets because their food will need warming up, impacting the quality.
Other considerations for private jet food are ease of eating and aroma. It’s best to avoid pungent foods, as the aroma will remain in the cabin until the aircraft lands and the crew opens the doors. It’s also a good idea to choose foods that are convenient to eat so you can reduce messes.
Regardless of what you want on the flight, there’s a good chance the charter company will oblige you. You should be aware you’ll be paying for the food itself in addition to the logistics of getting it to you. For example, if you want a specific meal from a restaurant, the meal price would include the cost of the food, as well as the gas and time the charter company uses to drive there and pick it up.
Are Seat Belts Still Necessary on Private Jets?
The FAA requires seat belts and emergency protocols, so even private jet passengers need to wear seat belts during takeoff, landing, and any other time the private jet crew deems it necessary. FAA regulations state that the crew must brief every passenger on board on how to properly lock and unlock their seat belt or seat harness before the aircraft can take off.
What Are the Toilets Like on Private Jets?
Private jet interiors vary in size, so some smaller jets don’t have bathrooms at all. This isn’t as much of a problem, considering many charter jet flights are just a few hours long. Passengers are simply advised to use the facilities at the FBO or at their destination.
Jets with toilets onboard have accommodations that range from luxurious and elegant to the bare minimum. Smaller jets may have a toilet behind a curtain. Others may have a standard bathroom similar to those on commercial planes but a little more enclosed — making them potentially uncomfortable for people who are bigger or taller than average.
A fully enclosed bathroom on a private jet usually includes a toilet, a sink, and a vanity mirror. These bathrooms usually have folding or sliding doors to make for easier access.
The bathroom facilities on a private jet vary by the model of the aircraft. It’s always a good idea to double-check whether a toilet is one of the included amenities and, if so, what sort of toilet it is. Even if your jet has a toilet on board, it may not be the most comfortable option, and you may opt to use the facilities at the FBO prior to takeoff instead.
Are the Seats Comfortable on Private Jets?
One of the greatest benefits of private charter jets is the luxury and comfort they provide. Private jets offer additional legroom and reclining space — even more than first-class commercial seats — mostly because private jets typically transport 10 or fewer people. With fewer passengers, you have more space to spread out, and this applies both to your body as well as your belongings, such as computers.
Some private jet models are even equipped with sofas or beds, allowing for ultimate comfort and the option to change positions with ease.
Experience the Luxury of Charter Jet Flights With Latitude 33 Aviation
With charter aircraft located throughout the nation, Latitude 33 Aviation is prepared to charter your next flight. We’re the only private jet operator in San Diego with an ARGUS Platinum safety rating, and we set the standard for private air travel. Our expert crew is available to answer all your questions about your next custom flight.
While the COVID-19 pandemic may still present some challenges to air travel, the effects in 2024 are significantly less severe. The private aviation industry is now shifting its focus to new areas of growth, namely green initiatives, on-demand flights, and travel to remote destinations. These trends will set a precedent for 2024 as many regular commercial and private flyers continue their regular aviation routes.
If you’re interested in flying private, you may want to know more about how these trends impact current aviation processes. Learn how air travel trends have changed since the pandemic and how these shifts could affect the private jet market.
The Future of Private Jet Travel in 2024
The attractiveness of private jet travel has led to many private jet charter industry changes. These changes have affected both private jet owners and charter clients. Many private jet owners have invested more in fuel-efficient aircraft and upgraded digital technology. Those in the private aviation industry also have seen more first-time flyers and clients traveling with their pets and children.
In 2020, many travelers prized private jets for their privacy and ability to reduce contact with other flyers. In 2024, this trend will continue, as private aviation allows for small flight capacities. In addition to privacy, there are many evergreen benefits that private jet travel customers can harness. For example, private and corporate aviation companies provide a diverse set of clients, from corporate workers to families, with faster travel and a more luxurious experience.
If you are interested in the private aviation market, here are some of the top private jet trends expected for the rest of 2024.
1. Flying On-Demand
An emerging trend in 2024 is on-demand private jet services. By requesting a private flight from a private jet charter, travelers enjoy enhanced flexibility without the costs and responsibilities of owning their own jet.
The concept of on-demand flights is similar to ride-booking services. A private jet charter company will feature a range finder tool on its website or app, allowing the customer to select their starting location and compare aircraft types to find the best fit. Then, they can contact the company and quickly set up their charter details.
Similarly, empty-leg charter flights are becoming a more popular choice, allowing fliers to find a specific route that suits their needs. In some cases, they can hop on the flight in just a few hours from booking it.
2. Alternative Private Aircraft Options
In the past, flying private meant traveling via a jet. While jets are still the most popular option, there are now several other private aircraft types available, making this kind of travel more convenient and cost-effective than ever before. For example, those flying private might charter or invest in:
Turboprops: These mid-sized aircraft use a gas turbine engine to propel the propeller. They are slightly slower than traditional jet engines yet more fuel efficient.
Very light jets: While these jets have slightly smaller engines than conventional jet engines, they are an increasingly popular choice due to their speed and fuel efficiency.
Light jets: These aircraft offer the best of both worlds — increased space and fuel efficiency. As most models accommodate up to nine passengers, they’re an economic choice for flying small corporate teams to international head offices.
3. More First-Time Flyers
Since there’s a chance to bring in flyers who aren’t used to flying private, the private jet charter industry will continue to see greater marketing efforts geared toward these potential customers. This new customer base comes from those who regularly fly first-class or business class. While previous marketing efforts focused on the luxurious experience and faster flights, operators are now appealing to potential flyers by continuing to highlight the increased safety and hygiene of private jets.
In addition to safety, the private jet industry can focus on the convenience of the boarding process. Instead of waiting in lines, most passengers drive right up alongside their private jet charter and board the aircraft upon arrival. As the jet is waiting on the passenger, it can usually depart soon after they have boarded. Otherwise, flyers can wait at private facilities with fast Wi-Fi, workstations, and refreshments, so they can make the most of their time.
4. Use of Digital Technology
Corporate aviation has been implementing more advanced digital technology in their facilities and private jets for a while now to improve the experience of flyers. For example, digital tech like in-flight Wi-Fi is quite popular as it allows passengers to do work or unwind during the flight. While the increase of digitization may have been introduced out of safety concerns, it remains because of its enhanced convenience. Reducing the number of touchpoints enables passengers to breeze through key steps, like placing a charter flight, checking in, paying, boarding, and disembarking.
To attract flyers and give them more peace of mind while flying, it’s likely the private jet industry will see an increase in a few key pieces of digital technology. By providing passengers with real-time updates about their flight and the conditions at their destination, companies deliver a better user experience. In addition, companies can make the buying process easier and safer in their facilities and on jets through the use of technology with contactless payment options.
5. More Routes to Eliminate Connecting Flights
Passengers catching connecting flights need to pass through terminals, adding additional time to a trip. Private operators have greater flexibility in their ability to reduce connecting flights, helping to make the travel experience shorter and easier.
While commercial flights often need connecting flights to facilitate the needs of thousands of passengers, private aircraft can fly into smaller airports in remote locations that commercial airlines may not be able to reach. This allows private aircraft to fly direct routes to a passenger’s destination of choice.
Private jet operators will continue to maximize their operations to increase flights to remote destinations. Operators can change their routes to reduce any need for stops or connecting flights. All of these offerings can appeal to people who regularly fly commercial but want to reduce their need for connecting flights.
6. Sustainable Aviation Fuels
Discussion of carbon emissions is often found across private jet charter news. In light of rising concerns surrounding climate change, sustainable aviation fuels (SAFs) have become more prevalent. Research by McKinsey found that the majority of consumers prefer buying from or working with companies that prioritize sustainability. Private jets employing SAFs can appeal to these greater demands for ethical and environmentally responsible products or services.
When compared to fossil jet fuels, experts see SAFs as a clean substitute. SAFs come from sustainable sources, unlike petroleum-based fossil fuels. Since these fuels offer a more environmentally friendly option than petroleum-based ones, airlines can use them to attract customers interested in sustainability and social responsibility. Customers with personal sustainability goals will be much more attracted to taking private jets running on SAFs rather than commercial flights fueled by petroleum.
Besides attracting flyers with sustainability concerns, operators that switch to SAF fuels in 2024 can stay ahead of potential regulations. As fossil fuels fall out of favor, commercial and private aircraft will face public pressure, and possibly regulation, concerning the use of fossil fuels. If an operator gets ahead of the curve now, they can set up the needed relationships with SAF companies to supply their fleet and avoid falling behind other forward-thinking businesses.
7. Younger Passengers and Pets
While some business aviation has slowed due to the reliance on remote meetings, leisure travel is in full swing. Families with children and pets are expected to continue to use charter flights throughout 2024 and beyond. Due to this trend, private jet operators have begun to offer greater accommodations for pets and children.
To appeal to families with small children, operators outfit their planes with booster seats and sleeping areas where a child can nap comfortably. Private jets also invest in on-board entertainment systems designed for children to help them stay occupied on a long flight. Additionally, many private jets also offer toys and books for children to play with or read while flying.
Forward-looking operators also store refreshments that are healthy and appropriate for children. Private jet staff should be trained to handle milk and baby food as well, storing it in appropriate locations that are easy for parents to access while on flight. Private jet travel can offer greater flexibility for parents who need to bring medications on board that might be subject to liquid limits and other restrictions on commercial flights.
8. Managing Costs
Operators and flyers in the private jet charter industry are both going to be looking for ways to manage rising costs. Limited capacity based on new charter clients entering the market and declining private aircraft manufacturing over several years has placed pressure on the overall availability of flight options.
Although costs have increased due to the low supply and high demand for private travel, flyers can take certain measures to manage the cost of their flight. Traveling on off-peak hours and picking up an empty-leg flight are just two ways travelers can reduce their costs on private flights.
Of course, private jet owners still have to deal with several costs related to the operation of their jets, such as fuel and insurance. To remain profitable and provide more affordable prices to customers, jet owners will need to source parts and maintenance services at a lower cost.
As a result, the industry will likely see jet owners searching out cost-efficient suppliers offering high-quality products and services. Brokers and aircraft managers can help set up affordable flights for their clients by helping them locate the right airports, supplies, and availability.
9. Additional Sanitation Efforts
The pandemic highlighted the need for stricter sanitation, and this trend has remained prevalent ever since. Private aviation companies want to keep their passengers safe and have placed a greater focus on sanitation regulations. By nature, private jets are much easier to keep clean, with fewer passengers to account for and more space to maintain social distancing while on board. Expect to see corporate aviation companies continue to showcase the ease of social distancing while on their flights.
Besides allowing passengers to fly only with their closest friends or family, private jet charter companies are likely to continue maintaining increased cleanliness standards inside the private aircraft, private terminals, and FBO (fixed-base operator) facilities. These strict sanitation regulations draw in customers seeking sanitary environments. For example, many private aviation companies employ specialized cleaning teams to sanitize high-traffic areas such as armrests, handrails and seatbelts. Reputable private charter companies will also use aviation-approved disinfectant products for all cleaning processes.
Intensive cleaning practices utilizing heavy-duty sanitizers were introduced in 2020 and have remained essential in 2024 to help mitigate the spread of germs and keep spaces as clean as possible.
How the Private Jet Industry Is Poised to Evolve
With all of the likely trends for the rest of 2024, the private jet industry is poised to undergo a significant evolution. Find out more about how the private aviation industry is uniquely equipped to handle the new priorities of clients:
Need for safety and security: While COVID-19 is no longer an immediate worry for flyers, the private aviation market has a great opportunity to continue to respond to these concerns by working on ways to deliver a more hygienic flying experience.
Desire for flexibility: The private aviation industry is all about flexibility, which is exactly what flyers want right now. With many professionals navigating tight schedules, travelers are looking to private aviation to fill that gap and accommodate their needs.
Demand for personal flying: While business jet market growth seems promising based on private jet industry statistics, the influx of private flyers on personal trips has increased. Due to the growth of new private flyers, operators may see greater demand from those on personal trips. These new flyers have different requests and concerns than business flyers, with private jets ready to meet their needs.
Change to necessity rather thanluxury: Many flyers have started to see private jet travel as a necessity for convenient travel rather than solely a luxury experience. For the rest of 2024, we will likely see more passengers become interested in private aviation, as customers see it as a necessary expense to allow a better work-life balance and general time savings. Due to this shift, companies will continue to adjust their marketing efforts to promote the benefits of flying on a private jet.
Charter Your Next Flight With Latitude 33 Aviation
At Latitude 33, we’re prepared to offer all of our clients a luxurious and safe flying experience. As we operate the biggest and most cutting-edge fleet of light jets in the United States, we’re able to get you to your destination fast. We understand that time is everything for our clients, and our crews are trained to get you to your destination safely and efficiently. When flying with Latitude 33, you can expect the ultimate in comfort and privacy.
If you’re interested in investing in a personal private jet to reap the benefits of ownership, we often have several premium jets for sale. You are welcome to contact us directly to learn more about how we can assist you in your search.
Charter your next flight with Latitude 33 Aviation by requesting a quote. If you have any questions, please contact us, and our concierge charter department will be happy to speak with you about how we can accommodate your needs.
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.
Comfort, convenience, and privacy are just three of the reasons more people are opting for private jet charters. If you’ve never traveled this way, you likely have questions about how to book a charter jet and how to save money flying privately instead of commercially. We’ve compiled five tips for booking private jet charters that can help you join this growing trend.
Top Tips for Booking a Charter Jet
There is mixed information online regarding how to save money by flying on a private jet and how to find charter jet deals. What many of these sources fail to express is that charter jets aren’t an option if you are looking to save on your travel needs. Private jets are a resource for people willing to pay for the luxury and comfort not afforded by commercial air travel.
For example, even if you buy a first-class seat on a commercial flight, you are still bound to the airline’s schedule. Meanwhile, by booking a charter jet, you can avoid waiting and fly on your schedule. Flying privately comes with the privilege of privacy, comfort, and flexibility. These luxuries are directly related to what you’re willing to pay for, but they can all be extremely rewarding. The following tips and tricks can help you get the private charter jet experience you seek.
1. Choose Wisely
Not all charter companies are the same, and it is a good idea to do some research before choosing a company. A good practice is to call a handful of charter operators and spend some time speaking with a charter representative. Ask them about:
Their aircraft maintenance
Their pilots’ qualifications
Their safety rating
Aircraft on their fleet
A reliable company will ensure its staff is able to answer questions about the business accurately and has knowledge about the industry in general. Inexperienced or unreliable companies may be more concerned with getting clients to choose them rather than providing top-tier services.
Choosing wisely doesn’t always mean choosing the cheapest option. Charter jet deals are meant to be exclusive and, as with most things, if you want high-quality service, you can expect to pay for it.
2. Educate Yourself
A common mistake novice air charter clients make is not familiarizing themselves with the aircraft. It’s beneficial to find out the specifications of different aircraft, including how spacious they are, what amenities are on board, and what the aircraft looks like.
If saving money is your primary goal, you may have to sacrifice in other areas, such as the charter jet’s space or your time flexibility. But if you want to take advantage of the experience of flying on a charter jet, it’s a good idea to do your research and have a clear idea of what you want and need.
3. Pick the Right Airport
The airport from which you fly can end up saving you a fair amount of money. Unlike with commercial flights, booking a charter jet offers flexibility regarding where you fly from and to. Most major cities have a main airport as well as one or two smaller airports and flying out of a smaller airport could be more cost-effective.
For example, flying out of San Francisco International Airport (SFO) or Oakland International Airport (OAK) may cost more than flying out of Hayward Executive Airport (HWD). The smaller airports may even be closer to your departure city or destination, which means you do not need to worry about leaving early to beat traffic or deal with major crowds.
It’s a good idea to ask your charter professional for their opinion on your departure or arrival airport. They will be able to provide options that may end up costing less while also being more convenient for you.
4. Book a One-Way Trip
Depending on the reason for your trip, you may decide to book a round trip if you plan to spend one or two nights at your destination. However, if you plan an extended stay, it will likely be most cost-efficient to book a one-way private jet flight instead.
A round trip requires the charter jet and its crew to remain grounded until you’re ready to fly again, and the wait can add up to a hefty additional sum. Staff salaries, ramp fees, and loss of revenue from declining other flights mean you may be the one making up the difference.
If you choose an experienced air charter company, your broker should be able to find you one-way deals or other private jet flights to help accommodate your needs.
5. Know the Truth About “Empty-Leg” Flights
There is a lot of misinformation regarding “empty-leg” flights, which are flights that are empty for one leg of the trip. The aircraft will fly to a location to either pick up or drop off passengers, and the return or outgoing flight will be empty, with no passengers. Since these flights are sometimes necessary to reposition the aircraft for the next trip, some private jet charter companies offer access to empty-leg flights as a low-cost alternative to private jet charters.
Aside from the affordability, top-tier treatment is another benefit of empty-leg flights. For a fraction of the cost, you can experience the same level of luxury and convenience as you would if you booked a charter jet of your very own. Long security lines, cramped seating, and the distractions that come with commercial flights are things of the past as well, allowing you to enjoy the comfort of a private plane at a fantastic price.
If you’re in need of a one-way flight, consider taking advantage of the incredible deal provided by empty-leg flights.
Book a Private Jet Flight With Latitude 33 Aviation
Conveniently based in various locations throughout the nation, Latitude 33 Aviation operates one of the newest and largest fleets of light, mid-sized, and super mid-sized jets in North America. As one of the top U.S. private jet charter operators — and the only one in San Diego to achieve the stringent ARGUS Platinum rating — Latitude 33 Aviation offers charter services as well as private jet purchase/acquisition and aircraft management.
With full service and assistance from experienced and knowledgeable staff, Latitude 33 Aviation is available 24/7 to answer your questions and inquiries. Contact our concierge charter department or request a quote for your next charter.
Latitude 33 Aviation is proud to announce overseas charter operations across the Pacific Ocean. This certification allows Latitude 33 Aviation to operate private jet charter flights to Hawaii, as well as North and Central America, and some Caribbean Islands. Latitude 33 Aviation manages one of the nation’s largest and newest fleets of light, midsize, super-midsize, and heavy jets. With aircraft capable of flying up to 4,000 nautical miles, Latitude 33 Aviation is ready to fly you and your passengers to your next tropical private jet charter to Hawaii.
Daniel K. Inouye International Airport (PHNL) – This airport located in Honolulu, Oahu, is the principal aviation getaway of the city. As one of the world’s largest and busiest airports, PHNL serves more than 20 million visitors each year and has four active runways, including the 12,000-foot runway, which was the world’s first major runway built entirely offshore. This airport is formerly known as Honolulu International Airport and is famously known for its beautiful landscape consisting of native trees and flowers to the Hawaiian Islands – a warm welcome for visitors taking a private jet charter to Hawaii.
Kahului Airport (PHOG) – Kahului Airport is a regional airport in the state of Hawaii and the primary airport on the island of Maui. The majority of flights into Kahului Airport originate from Honolulu at Daniel K. Inouye International Airport (PHNL) making the Honolulu-Kahului corridor one of the heaviest trafficked air routes in the United States.
Ellison Onizuka Kona International Airport at Keahole (PHKO) – Kona International Airport is the primary airport located on the west side of the island of Hawaii. It serves transpacific and inter-island flights. Take a private jet charter directly into the Big Island to see active volcanoes, famous orchids, and its scenic coastline.
Lihue Airport (PHLI) – Lihue Airport is the primary airport located on the southeast coast of the island of Kauai. A true tropical getaway for visitors, Lihue Airport is mostly outdoors and the check-in is completely outside. As part of the West Coast Safari, Kauai’s Lihue Airport is where your Challenger 605, Challenger 350, or Challenger 300 will land into.
This cosmopolitan capital city of Hawaii will delight you with sunny weather, friendly locals, and plenty to do. Honolulu stretches from Pearl Harbor to Makapuu Point, including the world-famous Waikiki Beach. Between historic landmarks, world-class shopping, and lavish fine-dining, Honolulu will quickly become a city you will seek a private jet charter to.
Places To Stay
Honolulu is home to many breathtaking beachfront hotels and resorts. Stay in well-known locations like the Four Seasons Resort Oahu at Ko Olina or The Ritz-Carlton Residences, Waikiki Beach. If you’re venturing for a more exclusive and private spot to stay, Halekulani on the west end of Waikiki is the perfect remote location resting on five acres of beachfront property. Disney’s family-friendly luxury resort and spa, Aulani, offers activities for everyone in the family. No matter who you’re traveling with or your reason for traveling, Honolulu has the perfect location for you to stay.
Things To Do
It’s no surprise that there are an endless amount of outdoor activities in Hawaii with its perfect weather and beautiful beaches. Try snorkeling in Hanauma Bay or ocean sports like stand-up paddle boarding or bodysurfing at Waikiki, Ala Moana Beach Park, and Sandy’s. Take the whole family to the Waikiki Aquarium or the Honolulu Zoo to see 42 acres of lush grounds bursting with fragrant and colorful indigenous plants and flowers along with many animal species native to tropical climates. Get active and hike the iconic former volcano, Diamond Head crater on the eastern side of Waikiki.
If you would like to stay local to the city of Honolulu, there are many opportunities like Honolulu’s Chinatown, which offers an immersive cultural experience. Spend the day shopping at the Ala Moana Center – the largest open-air shopping mall in the world. For high-end shopping, the Luxury Row shopping center on Kalakaua Avenue has brand-name stores like Chanel, Gucci, Yves Saint Laurent, and Bottega Veneta. The Honolulu Museum of Art in downtown Honolulu houses contemporary exhibits and films. Annual festivals and outdoor sporting events flourish in this tropical playground, with wintertime surfing tournaments, pro football and golf competitions, and even the Honolulu Festival each March.
As part of the Hawaiian archipelago, Maui is the second-largest of the islands and features 30 miles of beaches. Nicknamed “The Valley Isle” because central Maui rests between two mountains, this lush paradise boasts everything you are seeking in a tropical getaway. The island has a reputation for its resorts and master-planned communities, along with bountiful sunshine and fragrant breezes. The weather throughout the year remains nice with seasonable changes expected, but usually not varying more than 20 or so degrees between summer and winter.
Where To Stay
Maui is home to Wailea, Hawaii’s most exclusive and luxurious resort community. Resorts within this community include Waldorf Astoria, Marriott, Four Seasons, and Hotel Wailea. Waldorf Astoria is the most famous place to play in pools on the island, where a river connects nine spectacular and unique swimming pools across the property. Marriott and Four Seasons are family-friendly resorts with beautiful oceanfront scenery and plenty of activities. Hotel Wailea is an adults-only five-star exclusive oasis and getaway with 180-degree unobstructed ocean views. Along the North Shore of Maui, you will find Kapalua Resort, a 22,000-acre region home to signature events throughout the year, real estate offerings, and award-winning dining and shopping. Among the luxury hotel offerings nestled in Kapalua Bay are Montage and The Ritz-Carlton. With white-sand beaches, nature preserves, breathtaking hiking trails, championship golf, and magnificent dining, the Kapalua Resort community will enchant you.
What To Do
Maui is full of outdoor adventures. Take a helicopter tour through the Hawaiian skies and view the tops of waterfalls and the variety of sand colors on Maui’s famous black, red, and white sand beaches. Explore the abundant underwater life of over 250 species of tropical fish while snorkeling or diving in Molokini off of Maui’s southwestern coast. Above land, take a drive along the famous scenic highway on the road to Hana. The drive takes you through the epic eastern side of the island with thundering waterfalls cascading through lush rainforest, roadside pineapple stands, and hairpin turns atop seaside cliffs. Just beyond the charming town of Hana, you will find the Haleakala National Park – a beautiful place to hike.
Complement your private jet charter to Hawaii and book a private boat tour to view the mesmerizing humpback whales stop in the warm waters to breed, calve, and nurse their young in the premier destination of the Luau Channel. Visit the historic town of Lahaina in West Maui. Lahaina has evolved into a modern city with excellent nightlife, oceanfront dining, and shopping. Attend a famous Hawaiian luau at The Royal Lahaina resort, one of the most popular and longest-running luaus on the island.
When planning to travel by air, there is an ever-growing diversity of choice for flight services. However, commercial airlines are focused on increasing their profits by packing more passengers into each aircraft resulting in deteriorating passenger experiences. Whether you are traveling for business or pleasure, choosing to charter a private jet instead of flying first class or business class on a commercial plane offers significant advantages.
FLYING PRIVATE – TRAVEL ON YOUR OWN TIME
Convenience and time savings are benefits that are often considered priceless in our modern, busy world, and flying private offers both in spades. Whether you are running late or early simply call ahead and notify the crew. When flying on a private aircraft, your flight leaves when you are ready. Easily avoid the hassles of busy airports with a private charter and set your own schedule instead of being required to work around the schedule of a commercial airliner. As the number of budget commercial carriers increases, if your destination is not a hub then the choices are limited and restrictive. The overall travel time with a private jet service is significantly lower than commercial airline travel time. You will not need to navigate through large airport complexes or wait in long lines – instead, enjoy planeside valet parking and step aboard as soon as you arrive.
Flying privately makes the most of your valuable time by giving you the privacy and convenience to hold business meetings, work efficiently, or relax before your destination. Private jet charter operators are able to fly into smaller airports that will be closer to your destination. With over 5,000 smaller airports available to you when you fly on private aircraft (approximately 10 times as many airports than are available by commercial airline service), the time saved will quickly add up. Flexibility increases with private charter services, as well, because itinerary changes can be made last minute or even mid-flight in some cases, should an urgent need arise. One-way flights further boost the time savings by offering quick options for short-notice meetings or spontaneous getaways.
CLASS & COMFORT
Feeling comfortable when traveling is of high priority and it is also what frequently motivates the decision to fly first class or business class. However, private jet services are substantially more customizable to perfectly suit an individual’s comfort and preferences. For instance, by choosing the type, size, and onboard amenities of your jet, you are able to tailor your experience to the exact needs you and your passengers have. When you arrive at one of the private fixed-base operators, you will find private lounges offering complimentary refreshments and toiletries where you can rest and freshen up. The Private Suite at LAX is a luxurious and popular example! The seating arrangement within most private jets more closely resembles a high-end living room, and you are free to move around from one seat to another throughout your flight. You can count on superior service from start to finish, with crew focusing exclusively on the needs of you and your guests.
PERSONALIZED JUST FOR YOU
Private jet charter travel offers a bespoke travel experience, with the possibilities of requesting such personalized amenities like catering, entertainment media, reading publications, even specific designer fragrances. If you are celebrating a special occasion, you can coordinate with the operator ahead of time to have the plane decorated according to your theme. Fill the plane with balloons or other décor to start your vacation off in the most memorable way. Concierge companies that work directly with private charter flights are available to manage every detail of your in-flight celebration for you. Receive made-to-order catering or special food choices delivered to you ahead of time to enjoy while on your flight, and relish in the privacy of traveling only with whom you are comfortable. On a private flight, you will have more control over the overall experience of “getting there”, occasionally even at a rate per person comparable to flying first class commercially.
A NEW LEVEL OF PRIVACY
Peace of mind is another invaluable perk of flying private. On your customized chartered jet trip, you can feel free to continue confidential business meetings, hold personal conversations, and entirely stay out of the public eye while you travel. Utilizing the in-flight Wi-Fi, you are able to host video conferences from inside the plane with people back at the office or even hold a presentation with laptop slides or whiteboards and presentation decks. There are no limits to productivity when you fly privately, as there would be on a commercial flight. The benefit for companies to be able to continue their work and enhance their productivity while en route to the destination will far outweigh the potential additional cost. There will not be any lost luggage or lengthy security check procedures and lines to endure, drastically reducing both wasted time and stress. A private jet charter trip also has few liquid restrictions or limitations and you are welcome to travel on your terms.
CHOOSE LUXURY
The pace of modern life requires airplane travel, sometimes involving multiple flights in a single day, and so it is important to choose wisely. We want our lives to be enhanced by our experiences and the way we travel matters. Meeting business deadlines, spending more time at home with loved ones, and enjoying life with less overall stress are all benefits of choosing to fly privately instead of commercial. With considerable benefits, private jet charter services can help you truly enjoy your time spent in the air.
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.
