Benefits of Private Jets

With the growing scope of globalization and the acceleration of the rhythm of life, air travel is also transforming. Recently, interest in private jets has increased. Let's discover why this happened and how they differ from conventional aviation.

Why People Choose Private Jets

With regular flights generally available, some may be surprised by the rise in interest in private jets. Moreover, private jets for sale are as common as for rent. Let's try to understand the reasons:

• Flexibility. By choosing a private jet, the passenger is no longer tied to the airline's schedule. Moreover, departure is possible from private airports, which can be located much more conveniently for the client.

• Save time. When using a private jet, you don't have to arrive long before departure to check in. You can come right at the time of departure.

• Comfort. The airline offers average services. In a private jet, you can provide the level of comfort that you require. Such personalization is highly valued by demanding passengers.

• Privacy. This is one of the main advantages of this type of transportation. You no longer have to share space with other passengers. This allows you to calmly do business during the flight or just relax alone.

In addition, a private jet is usually safer because it undergoes not only routine but also additional checks. In general, it is the individual approach and the ability to customize the client experience that makes this type of transportation popular.

Buy or Rent?

However, before you start using private flights, a key question arises: Which is better—to rent a plane or to buy your own? Both options have advantages, but the choice depends on your financial capabilities, frequency of flights, and needs.

Buying Private Jet

The cost of a new private jet starts from several million dollars and can reach tens of millions depending on the model and equipment. For example, a light aircraft such as the Embraer Phenom 300 costs about $10 million, while the larger Gulfstream G700 can exceed $70 million.

In addition to these expenses are:

• Annual maintenance (up to 10% of the cost of the aircraft);

• Crew salaries and their training;

• Insurance;

• Storage costs (hangar);

• Unforeseen repair costs.

In total, operating costs range from $500 thousand to several million dollars per year.

However, the choice depends not only on material costs. It makes sense to buy your own plane if you fly more than 200–300 hours a year, value complete privacy, and want to customize the plane to your needs. Then, it will be profitable, and you will get an experience that fully meets your expectations.

However, there are some disadvantages to consider. You will have to pay for the storage and maintenance of the aircraft, even if you do not use it. Also, you cannot choose different private jets for various purposes. You will always have to use one.

Renting a Private Jet

Renting allows you to pay only for flights actually performed. The cost of the flight is calculated based on the hours of flight and the type of aircraft. The average price per hour of rental is:

• Light aircraft: $3,000–5,000;

• Medium aircraft: $6,000–8,000;

• Long-haul: $10,000–15,000.

So if you fly, for example, 50 hours a year, your expenses will be around $250,000–$750,000, which is significantly cheaper than maintaining your aircraft.

Renting is preferable if you don't use the plane very often. It's also worthwhile if you need flexibility in choosing a model for different purposes and distances. It's also an ideal option if you don't want to deal with the management, maintenance, and storage of the plane.

The disadvantages of jet charter are also apparent. You may encounter delays when booking, and you will not be able to fully customize the aircraft to your preferences. In addition, if you fly frequently, the rental cost will be higher than the purchase cost.

Conclusion

The decision to lease or buy a private jet depends on your lifestyle, frequency of use, and financial capabilities. Purchasing suits those who consider private flights an integral part of their life. For most customers, leasing is a more practical and economical choice, allowing them to enjoy the comfort of business aviation without additional complications, making it a more attractive option for modern businessmen and travelers.