To charter or to own a private jet? That’s the question many are asking.

The COVID-19 pandemic has fuelled a surge of demand to own private jets among ultra high net worth individuals.

Ownership:

Whilst owning your own aircraft is the right option for some, the costs involved not just in purchasing but in running a jet can be vast. 
On top of a potential $75m or $80m for purchase of a new aircraft, a prospective owner must factor fueling, catering, crewing, hangar rental and insurances.  The operating costs alone can amount to over $2m-$3m a year.

Fractional:

An alternative to outright ownership is fractional ownership. Fractional ownership involves buying a share in an aircraft, entitling you to a specific number of hours of flying time per year.

Beyond the one-off cost of buying a share, owners pay a monthly management fee, plus a per-hour levy for flight activity and fuel charges.
Total costs over five years for Fractional ownership of a light jet can amount to well over $1m.

Ad-hoc Charter:

By far the most cost effective option is ad-hoc charter. Charged hourly, travellers are only liable for costs relating their specific flight. There are no aircraft maintenance bills, and no going operating costs.

Charter offers flexibility – clients can charter a light jet for island hopping on Monday and then a VIP airliner Wednesday for a transatlantic flight for example. Charter is the freedom to select an aircraft which suits your requirements at that time, without worry of racking up additional costs later. Many brand new jets are available on the charter market, which makes it popular with those considering a purchase as an opportunity to try various models before selecting the one to buy.

When you work with an experienced charter broker such as ourselves every part of your flight booking is managed for you, to ensuring your exact requirements are met, from crew to catering. We take all the organisational work off of your hands, making travel easy.

If you would like to see a select of aircraft for charter for your next trip, call us today on +44 1403 237 010 or fill in the enquiry box below.