Every business owner should have targets and goals set for their company beyond raw figures. Tangible things an entrepreneur can enjoy as a gauge of their success. Gaining a private jet plane could be a goal that helps the company, while at the same time helping the owner understand he has done well. However, there should be some serious consideration before pursuing a private jet plane.
Private Plane Ownership Costs
The private jet cost of ownership is colossal, needlessly so. Think about how the private jet aircraft purchase will amount into the millions of dollars. Still, there are the private jet services like maintenance, pilots, insurance, fees, fuel, staff, etc. Plenty of jet ownership is time limited as the owner realizes the true cost of ownership, then the owner will reduce costs by selling the aircraft. Particularly, when an economic slide is severe. An A-List movie star or athlete could afford a small private jet for the time income is rolling in, but when the eventual downturn arrives the aircraft is the primary thing to go.
Corporate Aircraft Ownership
The sole being that can afford the costs of a private jet are the CEO's of Fortune 500's. Because the corporation foots the bill for private jet service, the business executives can journey in affluence. Yet, in recent years this benefit has taken a thrashing by the populace and even politicians (who themselves fly on private airplanes), as this expense is hard to rationalize.
Private Aircraft Ownership
A reasonable form of owning a private jet plane is to opt for fractional jets. Getting a fractional jet ownership is really buying into a jet fleet. Actually, one will have a share in a jet aircraft, but with fractional jets one will be provided the use of a whole jet fleet. One buys a share of a fractional airplane and when they want can call for a jet usually with a five hour notice anywhere in the continental US. But not necessarily the jet they own. A fuel and service expense will often be charged for each trip. Netjet is a
fractional jet ownership program.
A different system of private airplane "ownership" is a membership plan or jet card. Like fractional jet ownership, but one is not required to purchase a share of a jet. Instead one buys into a program and they use the jet fleet at a established rate for hours in flight. It will have an upfront cost but that is for a deposit of hours to be used, like a debit card. Sentient is such a membership plan.
Private airplane ownership has alternatives that makes more financial sense for corporations and individuals flying in a private jet plane.
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