With the well documented issues in commercial flying more and more people have found reasons to turn to private aircraft.
There are a variety of options to consider. The starting point is how often you want to fly privately.
Once you reach about 50 hours of flying a year then fractional aircraft ownership can start to make sense and above 300 or so hours per year whole ownership is worth looking into. Here is some core information to help you understand the options.
All of the major providers have expanded over the last few years. Many now offer a wide range of products and solutions to meet the needs of various clients. If you're looking at the different options then download our Guide to Private Aviation, which compares the products and providers.
The latest news and research on private jets and aircraft is included below.
Directional Aviation Capital has announced it is purchasing Flexjet from Bombardier, Inc. The new owners are also placing the largest new-aircraft order in Flexjet's history, valued at approximately $5.2 billion for up to 245 Bombardier business jets.
Portsmouth, NH-based PlaneSense, an aircraft fractional ownership program, has recently celebrated some major business milestones. The privately-held company has not only surpassed 200,000 flights, on August 7th, 2013, they took delivery of their 49th Pilatus PC-12 from Switzerland-based Pilatus Aircraft Ltd. Delivery was made in a ceremony hosted by CEO George Antoniadis. The fleet of PC-12s owned by PlaneSense represents the largest fleet of civilian owned PC-12s in the world, and PlaneSense is the largest civilian operator of their type. Pilatus has now built 1,200 of the aircraft.
Flexjet, a major fractional jet ownership services provider, has just reported 96 percent growth of new fractional and jet card sales in the first half of 2013, compared to the first half of 2012. This annoucement follows the Q1 2013 announcement of new business growth of 83 percent compared to Q1 2012.
Recognizing that there is market demand in the private aviation sector for price-sensitive customers, Marquis Jet founder Kenny Dichter has just announced his latest venture, Wheels Up. Commencing operation on October 13, 2013, this membership-based private aviation company will be run by Dichter and co-founder and President David Baxt. According to Dichter, “The world is a different place compared to when Marquis Jet was founded in 2001. Customers want the advantages of private aviation but demand the utmost cost benefit, flexibility, simplicity and safety standards.”
In the cost of operating private aircraft, jet fuel is usually the largest variable factor. For instance, as we noted in our analysis of the operating costs of the Embraer 300, fuel is the largest variable cost - $1,292 per hour. The pricing per gallon of Jet A fuel can vary significantly, as can the typical burn rate. This article delves into the variances and burn rates.
If you own a fractional aircraft or are looking into fractional ownership, you'll probably come across references to FAR 91 Subpart K. These are the federal regulations that cover fractions. Here's an overview of the regulations to bring you up to speed with the most important aspects for fractional owners.
Many pet lovers choose to travel with their pets, and private aircraft, for a variety of reasons, are a better option for safe and comfortable pet travel. On a private jet, all pets, not just those small enough to fit under the seat, can travel in the main cabin, and they may also be able walk around unrestrained when the plane is at a comfortable cruising altitude.
Brazilian manufacturer Embraer introduced the Phenom 300 in 2009. Sales have grown each year, with a total of 117 aircraft delivered through the end of 2012. Overall Embraer has built a reputation for excellent performance and low operational costs. This article looks through the various costs of ownership.