Private jets are truly wonderful to experience, believe me… but the expense involved in acquiring one can be quite expensive. As for private jet cost, depending upon the make, model and size, to buy one outright, you might be looking at spending between 5 and 65 million dollars. Not too terrible, if you can afford it. Now, while owning a private jet can seem to be the most convenient form of private jet access, it can also be the most expensive. And by expensive, I’m not merely talking about money here. Allow me to explain…

With sole ownership, you are of course fully responsible for the initial purchase price, licensing, regular registration fees, hangar fees, airport fees, pilot for hire, regulations, flight logging data, fuel costs, fuel expenditure logging, maintenance and the list goes on (and on) – and remember, most of these things can represent a constant cost of quite a pretty penny indeed, even if the plane never leaves the hangar. Owning a private jet might be a dream of yours, but if you’re a mite jittery about taking on the huge private jet cost in exchange for a bit of luxury, it can be pretty darned difficult to write out that very first check. Even if you’ve found private jets for sale at an auction, and picked one up for only a small few million, the ongoing private jet cost is the very same, and certainly without discount.

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Fractional Jet Ownership is also known as Fractional Time Sharing or Leasing. The concept of fractional ownership is not just limited to private jets. Legally speaking this kind of ownership is just like a resort condominium sharing. In this concept Individuals or an organization buys or leases any partial interest in one aircraft in just the similar manner in which you acquire a partial interest in some condo unit. Partial owner can use the same or identical aircraft the set number of hours or days yearly just like a condo owner of a resort uses his suit a specified number of days in a year.

Generally in a fractional jet ownership you buy or lease 1/8th interest in a private jet aircraft and you are allowed to have up to a max of 100 hours per year as part of your purchase. Some companies also offer 1/16th interest in the aircraft for the people who travel less in the year or who are on a tight budget. (more…)

Why should you hire a private plane? There are several reasons why this might be in your best interest to hire a jet charter. This article will explain the convenience reasons and the financial reasons.

Reason 1 – Flying in a private plane is fun. Just think about it, no more long security lines. No more delays at the terminals. You don’t have to show up two hours early, but instead can show up a few minutes before take off. You don’t have to worry about traffic around the airport because most of the airports are small and private. The luxury of some planes is much better than business class or first class in a commercial jet. You don’t have to worry about who you sit with and a tremendous amount of people. Need I say more?

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