{"id":18293,"date":"2021-04-27T22:16:23","date_gmt":"2021-04-27T22:16:23","guid":{"rendered":"https:\/\/saj.pachecostudios.com?p=18293"},"modified":"2021-04-27T22:16:25","modified_gmt":"2021-04-27T22:16:25","slug":"popular-ways-that-private-jets-are-bought-and-sold","status":"publish","type":"post","link":"https:\/\/stateaviationjournal.com\/index.php\/national-news\/popular-ways-that-private-jets-are-bought-and-sold\/%20","title":{"rendered":"Popular Ways that Private Jets are Bought and Sold"},"content":{"rendered":"\n

And How You Can Purchase One of Your Own <\/strong><\/p>\n\n\n\n

Owning a private jet is seen as glamorous, but\nfor many companies of any size, it\u2019s a basic necessity. Even for some\nindividuals, flying in their own plane is the difference between a safe trip\nand a frustrating journey.
\n
\nPrivate jets are bought, sold, and borrowed in a variety of ways every day. The\nmethod you choose for securing private flights should be carefully selected by\nweighing all your options and the costs and benefits of each.
\n
\nHere are a few ways people are buying and selling planes \u2014 or simply buying\ntime in one.
\n
\nBy Individuals and Businesses<\/strong><\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

For people who fly frequently and businesses\nwho send executives to different distant locations for meetings, buying a\nprivate jet proves to be both a money-saver and time-saver. Flying in a private\njet also increases safety and security, which is ideal for high-profile\ntravelers or for those handling confidential business transactions.
\n
\nShrewd business people know that before buying a private jet, they must\ncomplete a cost-benefit analysis to determine whether the plane is worth the\ninvestment. They seek some type of return on their investment (ROI) before\nlooking at listings of aircraft for sale<\/a> or working with a broker.
\n
\nWith most private jets in limited production, many people choose to buy used\nplanes; they can be acquired more quickly and less expensively. Working with a\ndealer or broker for these transactions is a must. These private aviation\nindustry experts guide their clients through each step of the jet purchasing\nprocess, which is much more like buying a house than buying a car \u2014 but even\nmore complex.
\n
\nFor Charter Programs<\/strong><\/p>\n\n\n\n

Companies that charter jets often acquire a\nvariety of aircraft to build or expand their businesses. Aircraft chartering is\nincreasingly popular in our post-COVID world because it offers an opportunity\nto fly to your destination with fewer people aboard the jet and for more\nfocused guest service from the flight crew.
\n
\nChartering an aircraft is more expensive than purchasing tickets on a\ntraditional airline, but much cheaper than owning your own plane. Charters can\nbe bought out by an individual or an organization, or you can buy the use of\nonly a few seats on the jet.
\n
\nIt\u2019s important for charters to have a variety of aircraft to choose from to\naccommodate travelers\u2019 requests. And because private jets come in such a wide\nvariety of sizes and with a range of features, having multiple to choose from\nto meet the needs of their customers is absolutely vital to running a\nsuccessful charter business.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

For Jet\nShare Programs
\n<\/strong>A jet share program, sometimes called a Jet Card, is\nwhere travelers purchase a certain number of flight hours or trips in advance\nthrough a subscription-type service. They then use their accumulated hours to\nbook flights as needed.
\n
\nLike a charter flight, jet share flyers reserve the seats they need on a plane\ngoing to and from their origin and destinations. Jet card subscriptions are\ncheaper than owning a jet, and can be comparable with chartering, depending on\nhow often one flies. <\/p>\n\n\n\n

In\nFractional Ownership Programs
\n<\/strong>Still cheaper than purchasing a private jet outright,\na fractional ownership program allows you to share ownership of a jet with\nanother company or individual. Fractional owners must coordinate the use of the\njet with their co-owners, and often fractional ownership is for a set period of\ntime only — almost like a lease.
\n
\nBecause you\u2019re sharing the costs of owning, operating, and maintaining a jet\nwith someone else, you can expect to pay \u2014 you guessed it \u2014 a fraction of the\nbills associated with keeping an aircraft.
\n
\nUnlike outright jet ownership, you don\u2019t get any money back when your ownership\nperiod ends.<\/p>\n\n\n\n

How to\nBuy Your Own Private Jet<\/strong><\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

If you\u2019ve determined that it\u2019s in your company\u2019s best financial interest to purchase a private business jet, then your first step should always be contacting an aircraft broker or dealer. You\u2019ll want to work with one who upholds the highest ethical standards and has good connections within the private aviation industry.

Your broker or dealer will help you find aircraft for sale<\/a>, usually through verified online listings and from their industry contacts. At each step of the way, your broker will guide you through, so your purchase process goes smoothly.

Just as when you buy a home, jet buying requires a written offer, escrow account, inspections, title and lien research, and insurance. Most buyers don\u2019t handle this process alone, and industry experts recommend that you don\u2019t attempt it. It\u2019s important to have someone on your side who will work in your best interests before you pay quite a substantial sum of money to own your own plane. <\/p>\n\n\n\n

Weigh\nYour Options
\n<\/strong>Perhaps full ownership of a business jet isn\u2019t for\nyou. With so many other alternatives to jet ownership, it\u2019s important to be\ncertain that you\u2019re making the right decision before you begin searching for a\njet for sale.
\n
\nUltimately, the decision is yours; listen to the input of the financial experts\non your team to make an informed choice about jet ownership.<\/p>\n","protected":false},"excerpt":{"rendered":"

And How You Can Purchase One of Your Own Owning a private jet is seen as glamorous, but for many companies of any size, it\u2019s a basic necessity. Even for some individuals, flying in their own plane is the difference between a safe trip and a frustrating journey. Private jets are bought, sold, and borrowed […]<\/p>\n","protected":false},"author":3,"featured_media":15773,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[115],"tags":[],"class_list":["post-18293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-news"],"jetpack_featured_media_url":"https:\/\/stateaviationjournal.com\/wp-content\/uploads\/G550-last-comm.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/18293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/comments?post=18293"}],"version-history":[{"count":1,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/18293\/revisions"}],"predecessor-version":[{"id":18294,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/18293\/revisions\/18294"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media\/15773"}],"wp:attachment":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media?parent=18293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/categories?post=18293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/tags?post=18293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}