There has been a widening rift in the private aircraft industry over how jets are bought and sold. For over twenty years, some inside the industry have been pushing the notion of fractional ownership as a strategy to get much more organizations and private people into jet ownership. It seemed like an excellent notion at 1st and from the outside still sounds like an excellent notion.
But if you are going into a deal to own an airplane with the idea of being budget conscious and to save money, then there is probably no need for you to own a plane. That is not a knock on any individual or company, but not all clients should or need to own a plane. Chartering a plane should do them just fine, and really, after all the fees and expensive it is probably even going to be cheaper than buying a plane, even if it is just a piece of a plane.
The idea is good, but in real life, with real clients and real money, it hasn't worked out as planned. It was a lot like the housing bubble that just broke in the US; many people had bought much more house than their family needed, and in doing so put themselves in much more debt than they probably should have been. The same can be said about fractional aircraft ownership. It puts people in the role of owning a plane that probably do not need to own a plane.
If it's for tax factors, you are able to write off the enterprise expenses of individual flights as well as the taxes on an airplane, so that cannot be the only reason to own a plane. If it can be for convenience, knowing that you have a plane on call to take you anywhere you'll want to go at any moment of the day, then you don't have significantly advantage over somebody that doesn't own a plane. Whilst the fleet that an owner would draw from could measure in the hundreds, the fleet accessible for charter throughout the US is in the thousands and so there will nearly be one available at any moment.
The expense to fly once a month is nearly equal to the maintenance fees of owning a plane, and in the end you do not need to be concerned about insurance, pilots and keeping a plane in storage when you are not flying. You also do not need to worry about an investment that loses money every single day and is actually a huge liability whenever you wish to finally sell it.
But if you are going into a deal to own an airplane with the idea of being budget conscious and to save money, then there is probably no need for you to own a plane. That is not a knock on any individual or company, but not all clients should or need to own a plane. Chartering a plane should do them just fine, and really, after all the fees and expensive it is probably even going to be cheaper than buying a plane, even if it is just a piece of a plane.
The idea is good, but in real life, with real clients and real money, it hasn't worked out as planned. It was a lot like the housing bubble that just broke in the US; many people had bought much more house than their family needed, and in doing so put themselves in much more debt than they probably should have been. The same can be said about fractional aircraft ownership. It puts people in the role of owning a plane that probably do not need to own a plane.
If it's for tax factors, you are able to write off the enterprise expenses of individual flights as well as the taxes on an airplane, so that cannot be the only reason to own a plane. If it can be for convenience, knowing that you have a plane on call to take you anywhere you'll want to go at any moment of the day, then you don't have significantly advantage over somebody that doesn't own a plane. Whilst the fleet that an owner would draw from could measure in the hundreds, the fleet accessible for charter throughout the US is in the thousands and so there will nearly be one available at any moment.
The expense to fly once a month is nearly equal to the maintenance fees of owning a plane, and in the end you do not need to be concerned about insurance, pilots and keeping a plane in storage when you are not flying. You also do not need to worry about an investment that loses money every single day and is actually a huge liability whenever you wish to finally sell it.
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Whether you are shopping for a Private jet to dallas or London private jets the best way beginning shopping is on the web at privatejetcharter.com.
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