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.
The worldwide spread of COVID-19 has caused many private jet owners and flyers to adjust their practices. The initial fallout of COVID-19 in early 2020 saw many regular commercial and private flyers decide to forego flying and traveling in general. Now, as more businesses and areas slowly reopen, aircraft owners have had to readjust to the new safety demands and concerns of their customer base. As companies react to new concerns, the private jet industry is likely to evolve.
If you’re interested in booking private jets, you may want to know more about COVID-19’s impact on private aviation in 2020 and the private aviation trends for the rest of 2022 that could affect your flying experience. Learn how air travel trends have changed since the pandemic and how these shifts could affect the private jet market.
COVID-19’s Impact on Private Aviation: What 2020 Taught Us
As people all around the world guard themselves against COVID-19, worries about sitting close to others in an enclosed area for an extended period led many to forgo commercial airline travel. As major airlines adjusted to the lack of travelers, some routes and smaller legs were canceled, and connections were added or changed, which reduced the overall number of commercial flights available.
Besides their fear of sitting in an enclosed plane with people they didn’t know, people also avoided flying commercially because of concerns about the airport. Many potential flyers didn’t want to wait in long security lines and use public restrooms, where their risk of contracting COVID-19 may increase. Since commercial airports facilitate the flights of thousands of flyers each day, people were wary of flying, as there weren’t any guarantees every flyer had been tested or wasn’t carrying the virus.
Besides safety at the airport and in airplanes, both the private aviation and commercial aviation sectors were affected by businesses going remote and a lack of open getaway destinations. For example, many companies had their employees work remotely, with teleconferencing taking the place of in-person meetings. As a result of this change to remote work, many business professionals didn’t need to fly via commercial or private aircraft.
Leisure travel also decreased, as many resorts and other prime destinations weren’t open or didn’t offer the same experience. With so many businesses closed, many people chose to stay home. For commercial flyers, the risk of flying to take a vacation was often too great to justify the risk. While private aviation was a much safer option, flyers often stayed home due to the closure of recreational businesses and other key services. Additionally, international restrictions barred many flyers from entering other countries.
Toward the end of 2020, more people were flying, though the numbers were still low. For example, the Bureau of Transportation Statistics found that compared to April 2019, April 2020 saw a 96% decrease in airline passengers. This trend continued throughout the year, as they state that compared to October 2019, the number of U.S. airline passengers in October 2020 was down by 62% in total. Additionally, domestic travel was down by 60%, while international travel was down by 77%.
This sharp decrease in passengers caused the number of aircraft in the U.S. commercial fleet to shrink by nearly 23% in 2020, according to the Federal Aviation Administration (FAA). News outlets have been quick to spotlight the troubles airlines are facing, including reduced flights, lower rates from summer highs, and needing to switch to smaller aircraft. These issues have left many passengers feeling disgruntled, occasionally leading to outbursts of anger, discord, and even attacks directed toward flight agents.
The 20th anniversary of 9/11 has also brought air travel into the headlines more recently. The impact of 9/11 was felt immediately by travelers, as boarding a flight became a much slower process and more of a hassle overall. As security measures increased, passengers experienced a distinct loss of privacy and decreased confidence in the safety of flying. In fact, between 2001 and 2006, revenues from U.S. flights fell by $10 billion per year. Now, commercial airlines seem to be suffering a similar decline in passenger trust and comfort due to COVID-19.
An Increase in Private Jet and Aircraft Use
While business travel has been slow to recover, leisure travel started to become more popular again in late 2020, with additional travel in 2022. Even with vaccine distribution and reduced restrictions, many people still don’t trust commercial airlines for their personal and leisure travel needs. With a decrease in commercial airline travel trust, many flyers turned to private jets and aircraft in 2020 and have not returned to the airlines.
This trend of flyers utilizing private jets for personal and leisure travel rather than business travel picked up steam in 2021 and continues into 2022. In fact, July 2021 had the most private flights – 12,345 flights – since March 20, 2008. Many anticipate that business travel will become less important in the age of teleconferencing even when the threat of COVID-19 subsides. However, after extended times in lockdowns, the desire to travel in luxury and visit must-see destinations will likely only continue to increase as more and more locations open up.
In 2020, many travelers prized private jets for their privacy and ability to reduce contact with other flyers. In 2022, this trend is continuing, as the nature of private aviation keeps the volume of people aboard charter flights small. In addition to privacy, there are many evergreen benefits that private jet travel customers can harness. For example, in 2020, private and corporate aviation companies provided a diverse set of clients, from corporate workers to families, with faster travel and a more luxurious experience.
Overall, COVID-19 had a major impact on commercial and private flying in 2020. Though there was a decrease in flying commercially, the year represented a huge opportunity for private charter jets, as they could offer greater safety for flyers. All of the ways flying changed in 2020 is playing a huge role in 2022, with the industry poised to evolve significantly and set to grow as much as 10% post-pandemic.
The Future of Private Jet Travel in 2022
The attractiveness of private jet travel to many flyers has led to many private jet charter industry changes. These changes have affected both private jet owners and charter clients. For instance, many have seen private jet owners invest more in greater sanitation efforts 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.
If you are interested in the private aviation market, here are some of the top private jet trends expected for the rest of 2022.
1. Additional Sanitation Efforts
Since flyers are increasingly concerned with sanitation, and private aviation companies want to keep their passengers safe, companies across the private jet charter industry have placed a greater focus on sanitation. 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 highlighting the ease of social distancing while on their flights.
Besides social distancing, private jet charter companies are likely to continue prioritizing increased cleanliness standards inside the private aircraft and at private terminals and FBO (fixed-base operator) facilities to draw in customers seeking sanitary environments. For example, many private aviation companies prioritize safety by providing staff and flight crews with face masks. These masks meet current COVID-19 guidelines for reducing the spread of the virus. By providing high-quality masks to their staff and flight crews, companies can better protect their passengers and employees.
Another one of the major private jet trends is increased COVID-19 testing for crews and staff, especially for those who haven’t been vaccinated. Additionally, multiple temperature checks a day will likely continue to be a popular preventive measure, as these checks can identify crew members or staff with fevers, sending them home before they spread an illness.
Along with testing and temperature checks, private jet operators will continue to prioritize cleanliness in their aircraft interiors and facilities. Intensive cleaning practices utilizing heavy-duty sanitizers were already in full swing in 2020 and will continue for the rest of 2022. Many expect to see companies following other safety practices, like removing newspapers and magazines from planes and terminals. Additionally, private operators are vetting their ground transportation partners to ensure they’re following safety practices.
2. More First-Time Flyers
COVID-19 presents an opportunity for the private aviation market, as consumers are looking for safer ways to fly. Due to the desire for a safer flying experience, the market is expanding its customer base, with more first-time private jet passengers expected for the rest of the year. While some flyers may have previously avoided private airfare due to cost, the increased cleanliness and easier social distancing may make jet charters well-worth the money in these potential customers’ minds.
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 flight, operators are now appealing to potential flyers by highlighting the increased safety and hygiene of private jets.
In addition to safety, the private jet industry can also focus on the greater safety of their facilities and the boarding process. Instead of waiting in lines, many flyers can drive right up to a private jet and enter it with minimal contact with other people. Additionally, flyers can wait at private facilities where companies keep contact with staff and other flyers to a minimum.
3. 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. With the spread of COVID-19, more digitization is expected to reduce the number of touchpoints and enhance passengers’ convenience throughout 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. To provide passengers with critical information for their safety, companies can implement technology that sends real-time information, news about the current COVID-19 restrictions at destinations, and status alerts if anything changes. Additionally, companies can make the buying process easier and safer in their facilities and on jets through the use of technology with contactless payment options.
4. More Routes to Eliminate Connecting Flights
Connecting flights put passengers at greater risk of contracting COVID-19, as they’re more likely to come in contact with other flyers or people while switching to another plane. These dangers of connecting flights are especially worrying for commercial flyers since their exposure to other people will significantly increase while passing through terminals. Private operators have greater flexibility in their ability to reduce connecting flights.
While commercial flights often need connecting flights to facilitate the needs of thousands of passengers, private aircraft can fly into smaller and more remote airports that commercial airlines can’t access. 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 and the risks that come with them.
5. Sustainable Aviation Fuels
In the midst of COVID-19, many passengers are becoming more interested in aircraft running on sustainable aviation fuels (SAFs). With the increased demand for socially responsible practices, such as wearing a mask and staying socially distant, many people’s priorities have shifted to greater social responsibility across other aspects of their lives as well.
A recent GobalData survey found that for 43% of respondents, a service or product’s ethical, environmental, and social responsibility influences their buying decisions. Private jet owners 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. Unlike fossil fuels made from petroleum, SAFs come from sustainable sources, like non-fossil CO2, agricultural residues, and waste oils. 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 2022 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.
6. Increasing Private Jet Ownership
Private aviation has become one of the most popular air travel trends since the start of the pandemic. The private jet market will see new private jet owners who want to travel for business or personal reasons on their own terms. Sellers of small aircraft and private jets have seen a spike in sales, with buyers wanting greater safety and convenience in their flying experience.
Additionally, many FBOs have seen more private jet owners looking to use their facilities and services. An increase in aircraft maintenance, hangaring, fueling, tie-downs, and other relevant services has all seen much more demand in 2022.
Naturally, travelers prefer private aviation as the safer way to fly with less exposure the health threats. Specifically, passengers encounter about 700 touchpoints on a commercial flight, compared with only 20 touchpoints on a private flight. Travelers are also gravitating toward private aviation as commercial airlines continue to reduce their scheduled flights and raise personal safety concerns. Instead of staking their trip on an unreliable commercial airline, consumers are choosing private jet travel as a more dependable alternative.
While only 10% of those who could afford to fly privately actually did so before the pandemic, research estimates that now 79% of people who can afford a private jet are inclined to fly privately. Considering more than half — 53% — of new flyers say they plan to fly privately on a regular basis post-pandemic, it doesn’t look like the private aviation trend will be slowing down soon.
7. Increased Business Aviation
Compared with the commercial sector, the business aviation market has experienced a relatively low decrease in demand throughout the pandemic. Although business aviation did see a dip in travelers, the industry’s rebound began much sooner than the commercial market’s recovery did. Because business aviation provides flyers with more flexibility, time efficiency, and a larger possible reach, the demand for business air travel is expected to continue growing for the rest of 2022.
On a global scale, business aviation trends in 2022 have been more promising than commercial aviation patterns, with private jet operations for the first week-and-a-half of 2022 rose by 38% over 2021.
The U.S. has been driving the increased demand for business aviation and leading the industry’s recovery. Although many travel hubs still have a ways to go before seeing pre-pandemic numbers, some areas are already boasting more business flights than ever. Specifically, West Palm Beach has seen more movement than it did before the pandemic, and business jet usage in Texas is as high as it has been since 2018.
8. Younger Passengers and Pets
While business aviation has slowed due to the reliance on remote meetings, leisure travel has recovered quicker. Families with children and pets are expected to continue to use charter flights more regularly for the rest of 2021. 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 in 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.
9. 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, declining private aircraft manufacturing over several years, and aircraft owners taking their aircraft off charter due to health concerns over the virus 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 a few ways where 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. Factors such as insurance, fuel, and a limited number of qualified pilots can all raise costs.
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 may also play a larger role in procuring affordable flights for their clients by helping them find the right airports, supplies, and availability.
How the Private Jet Industry Is Poised to Evolve
With all of the likely trends for the rest of 2022, the private jet industry is poised to undergo a significant evolution. This evolution is likely to continue even when the dangers of COVID-19 subside, as passengers will have different expectations for their private flying experience.
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 a more immediate worry for flyers, the desire to reduce one’s exposure to other diseases and viruses could continue to be a big consideration. 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 commercial airlines scaling back the number of flights they are offering and limiting their availabilities, travelers are looking to private aviation to fill that gap and accommodate their schedules.
Demand for personal flying: As business flying has declined, 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 than a luxury: Many flyers have started to see private jet travel as a necessity for safe travel rather than solely a luxury experience. For the rest of 2022, we will continue to see a general shift in passengers’ views of private aviation, as customers see it as a necessary expense to keep themselves safe. 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 the safety concerns of our clients, and our crews are trained to observe COVID-19 guidelines. When flying with Latitude 33, you can expect the ultimate in comfort and privacy.
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.
Movies and TV shows paint a lavish picture of the private jet experience — and they’re not far off. Private aviation offers increased ease and luxury, which many people value when flying. Many travelers are curious about flying private, and the biggest question people have about private jet travel is what the onboard experience is like.
What Are the Advantages of Flying Private?
There are plenty of benefits to private aviation, including:
Convenience: Set your own schedule and choose the most convenient airport from which to fly. This eliminates the need to deal with long lines and 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 work, talk, eat, and sleep in the utmost comfort, with ample space for you and your work items.
Affordability: Sometimes a private charter jet may cost less than a first-class ticket on a commercial flight, especially if you take advantage of the special one-way flights that are available.
The list of advantages stretches even further since many aspects of a charter flight can be customized to fit your needs and wants.
Amenities and Benefits of Flying Private
Why choose to fly private? The main reason is the freedom that comes with a private jet charter. Everything from the schedule to the interior of the aircraft can be customized to accommodate you, which is worth the price of flying privately.
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 Do Private Flights Work?
Individuals or corporations schedule private flights via a charter company. Many charter companies have their own aircraft, while others rent the aircraft. Private flights can be customized to fit your schedule — unlike “empty leg” flights, which rely on predetermined routes. Empty leg 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 an empty leg flight for a discounted price. But finding an empty leg flight that fits all your travel criteria — including the date, time, and location — is nearly impossible if you are doing the research alone. Finding the perfect one-way flight can be painless if you work with an operator or broker that can help you find available one-ways to fit your itinerary.
Private flights can be scheduled as early as months or as late as a few hours before departure. This allows you to plan ahead if you know when you’ll need to travel 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 pilot.
While private jets are extremely convenient and can be booked the same day, there are some time limitations. Private flights need time to prepare, so it’s unlikely you can get a flight within minutes. Depending on where the aircraft is based, it may be at least an hour before you can board and take off, but it’s likely to be longer to give the plane and flight crew enough time to prepare the aircraft.
Private jets are allowed to fly out of almost any airport, big or small. Often, smaller airports that aren’t major hubs are most cost-effective. There are also many general aviation airports from which only chartered jets can fly, so passengers can choose 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 giant, crowded runways and large amounts of passengers to deal with, private jets often end up in the air sooner than commercial jets.
In the air, private jets tend to fly higher than commercial jets. This 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 routes, as well. 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. If you want to enjoy a little time on the plane, you can request an indirect route and enjoy the scenery longer.
Are Private Jets Safe?
Private jets are just as safe as commercial jets. Private jets must adhere to Federal Aviation Administration (FAA) guidelines and must abide by the same safety rules as commercial jets. This includes things like ensuring the aircraft is well maintained, training knowledgeable pilots and staff, and instructing passengers on safety procedures.
The Transportation Security Administration (TSA) also has specific recommendations for fixed-base operators (FBO) — that is, the places from which many charter jets fly — including 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 are getting 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 traveling in. 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 who boast an ARGUS Platinum rating, like Latitude 33 Aviation, are telling passengers and potential clients that they take safety very seriously.
Flying privately typically means you aren’t traveling with dozens of strangers. Passengers on a private jet typically already know each other and don’t have to worry about unknown strangers.
Does TSA Check Private Jets Passengers?
Passengers on a private jet do still need to pass through security. However, removing shoes or separating liquids isn’t necessary — in fact, the general regulations about how much liquid is allowed don’t apply to private charter jets. 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. TSA regulations state that for charter jets carrying more than 61 passengers, the passengers are required to pass through normal security. Light private jets, which normally seat anywhere from four to eight people, are therefore exempt from going through the same inspection as commercial flight passengers.
What Can You Bring on Charter Jets?
Unlike commercial flights, charter jet flights don’t have luggage weight limitations for passengers. However, the size of the aircraft could dictate how much baggage will fit on board. Because the baggage will be in the cabin with passengers, it needs to be able to fit in the space without blocking passageways.
Otherwise, there aren’t any restrictions on what you can bring on a charter jet. The size limits for liquids also do not apply, so you can bring full-sized bottles of your cosmetics and shampoo, as well as sealed or unsealed bottles of alcohol or any other drinks you’d like.
Pets are welcome aboard a charter flight and can remain in the cabin with you instead of being locked in the cargo area. 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 documentation that may be necessary.
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.
If you plan to use a charter jet for an international flight, you may not have the same choice of airports as you would in the United States. 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 (FCC) requires all electronics like telephones and tablets to be on 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. If you’re traveling to a country that requires Americans to have a passport and visa, you will be responsible for ensuring you bring those documents.
This 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 documentation ahead of time. This is especially crucial when it comes to visas, since many of them require an application and have a wait time of several weeks before 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 your passport can be checked and stamped 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.
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 needing to be reheated. However, requesting specific meals from specific restaurants is also a possibility if you desire.
There are limitations to custom restaurant orders since the food needs to be packed in a way that it will stay fresh and be easy to reheat on the plane. Some private jets have microwaves on board, while others have reheating ovens, so the packaging needs to be compatible with both. In addition, some restaurants decline to cater to private jets because their food will need to be reheated and may lose some of its quality.
Other considerations for private jet food are ease of eating and aroma. Pungent foods aren’t recommended since the aroma will remain in the cabin until the aircraft lands and the doors are opened. Similarly, foods that require careful movements to eat or that are prone to dripping or spilling are best avoided on an aircraft.
Regardless of what you want on the flight, there’s a good chance the charter company will be happy to oblige. 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 wanted a specific meal from a restaurant, the meal price would include the cost for the food as well as the gas the charter company used to drive there and pick it up, and the time they spent doing it.
Are Seat Belts Still Necessary on Private Jets?
Seat belts and emergency protocol are both requirements of the FAA, 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 aircraft cannot take off unless every passenger on board is briefed on how to properly lock and unlock their seat belt or seat harness.
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 the majority of charter jet flights are under two 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. Seating on private jets offers more legroom and reclining space than the seats in first class on a commercial flight, mostly because the average private jet seats less than 10 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 models of private jets 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 trip. 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 staff are available to answer all your questions about your next custom flight.
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.
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.
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.