Pages

Private Jet Rental


With private jet rental one acquires all the advantages of possessing a complete aircraft at merely a portion of the expense. Oh, and by the way, with none of the obligations. The private jet rental company employs the pilots, maintains the aircraft, minds the logistics, and assures security. To manage one's demands for every trip every private jet rental service assigns its customer service department. One is assured that, when they call for a jet, either their jet, a comparable aircraft, or maybe even a bigger jet will be sent. One could also substitute aircraft from the private jet rental company fleet.

While one has a private jet rental the in reality buy a share of a particular jet. The size of the share one buys should be proportional to the quantity of hours one normally travels annually. A one-sixteenth percentage is the least sized share available, which share gets one fifty hours of flight time annually. Pricing start around $400,000 for that 1/16 share. The great thing is one is only billed for their actual flight hours in cabin, no charge for ferrying (travel time of an empty aircraft to pick one up) of aircraft to a departing airport. Private jet rental programs are the cheapest price per hour alternative to travel. In addition, it provides the greatest flexibility when traveling on peak demand or during short notice.

One's expenses are assured during the full term of the private jet rental agreement, a contract that generally runs 5 years. There's no more compulsory must sell at the close of the initial agreement. Also, one's rates can be preserved with a monthly contract for maintenance and flight hours. If one ever chose to depart the plan after one's minimum agreement term (between two or three depending on aircraft size), there can be a guaranteed repurchase of the share at prevailing market rates. Historically, the shares of aircrafts have retained a substantial percentage of their economic value.

There's a once in contract acquisition toll established on the share size wanted of the sum value of the jet bought in a private jet rental arrangement. When the agreement ends after five years, there is no more acquisition cost. Simply renew for another five years (management agreement) or sell the share back to the private jet rental company at the prevailing market rate. Every month there is a management charge that is a fixed charge which addresses indirect overheads including pilot wages, education, hangar expenses, insurance and customer support. There is also an hourly fee during flight occupation encompassing direct costs of each flight including fuel (including variable fuel charges when applicable), maintenance, food and beverage, and landing fees. One is only billed during actual flight occupation, plus six minutes at the commencement and conclusion of ever flight for taxi time. There are international fees when traveling outside of the United States to cover taxes and insurance on your private jet rental.