Private jets are reserved for the wealthy- which poses a problem for business owners who aren’t quite to the point where they can afford a jet for business or pleasure. Even still, there are ways that the average business can afford a private jet through various means of creative thinking and development.
Your business will have to be quite profitable to be able to afford a private jet, seeing how even small jets will cost several million to obtain. Larger jets can reach tens of millions of dollars, making them affordable only to the biggest of business operations. Still, you can save money each year and start saving money if you are seeing air time of a few hundred hours each year.
The first way to lower the cost by a large amount is to buy a stake in a private jet- not the whole thing. By sharing the costs with others you are allowing yourself to only pay a fraction of the original cost. A small jet with several people paying for it may even be had for well under $1 million if you find a good deal. The only downside is that you will have to work out a usage schedule and get it approved.
If you don’t have the money for a private jet, but don’t mind paying a bit more money each mile to get private jet access, you can get a special membership card that some companies offer. In obtaining the card, which can be obtained at low values, you are entitled to air miles that can be used with your choice of private jets. The drawback is that is more costly.
Don’t be hasty in assuming that after the initial cost you won’t have to forfeit any further funds. Insurance costs, pilot costs, and upkeep costs will easily run you $100,000 or more each year if you aren’t careful. This can be brought down with the sharing plan previously mentioned. Some companies may not even charge you maintenance if you buy a private jet charter debit card.
The private jet industry is not yet optimized for businesses who don’t have a lot of capital to spend. It’ll take some research to find a good deal in your area, and even then giving up the funds necessary for a jet may be too constraining. You should consider other modes of travel before ultimately deciding upon a private jet charter.
Final Thoughts
Having funds for a private jet outright is rare, so you should start looking for a private jet broker that will be able to look at your budget and find a better deal. Find such brokers through directories and Internet listings found online.
Learn more about British Aerospace Jetstream 41 private Jet Charters and Appropriate Private Jet for Each Flight.