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.
Looking at the latest ten-year forecasts for the business jet industry, it appears as though the next decade will bring slow growth overall. Several forecasts see a peak within the next five years followed by a downturn, although this decline is softer than has been seen in the past.
Asset Insight looked at the pricing and valuation of used Embraer Phenom 300s over the last year. The results are summarized in the charts below. Overall, there were 19 retail transactions between December 2015 and November 2016.
The full charts are all presented together, to give you a snapshot of the Phenom 300. Each individual chart is then discussed in detail below.
The International Standard for Business Aircraft Operations, or IS-BAO, is a code of best practices that serves as the gold standard for business aviation around the world. It was developed by the International Business Aviation Council (IBAC) in 2002 and has been endorsed by the National Business Aviation Association (NBAA). At the time of writing, more than 700 operators worldwide are IS-BAO registered.
Earlier this year, we reported on the success of Delta Private Jets, the wholly-owned subsidiary of the commercial Delta Airlines. Through a series of promotions and upgrade options, the two companies blurred the lines between private and commercial aviation, introducing business travelers to the comforts of a private jet. Several other global airlines have similar programs: Qatar Executive (formed in 2009) is the private arm of Qatar Airlines, and German airline Lufthansa also offers a number of private flights. Until recently, though, Delta was the only US-based commercial carrier with a private aviation interest. That has changed with JetBlue’s recent investment in JetSuite.
The answer to the question, on the cost of a private jet, depends on if you are looking to own a plane, or just use and rent one. But ownership or renting is just a starting point, there are multiple other factors to consider, the most important discussions center around what you need the aircraft to do. This article outlines the costs for each option, with some specific examples.
Kansas-based fractional provider Executive AirShare recently announced a majority recapitalization agreement with long-term customer, investment firm Curran Companies. As a result of the investment, the provider will now be controlled by Curran, with Executive AirShare founder Bob Taylor maintaining "significant ownership". Financial details of the deal have not been disclosed. According to Curran President, Wiley Curran, the company will focus on expanding the fractional provider (the nation's 3rd largest) into new markets.
New Hampshire-based fractional plane operator PlaneSense, has announced plans to add more Nextant 400 XTi jets to their fleet. PlaneSense was founded in 1996 and has had a close partnership with Pilatus since their founding. In fact, the company flew only Pilatus PC-12 turboprops until very recently.
Canadian fractional company AirSprint has announced plans to expand its fleet with a recent order for up to 12 Embraer Legacy 450 aircraft. The $198 million deal will include two definite deliveries in late 2016, with the option for 10 additional deliveries in 2017 and beyond. AirSprint and Embraer announced the agreement at the recent Canadian Business Aviation Convention and Exhibition (CBAA) in Calgary, which is also AirSprint's base of operations.