Is owning a private jet profitable?
So, is it possible to make a profit by buying a private jet? No, for the most part, you can not make money on a private jet purchase. Just as it is with many specialized asset classes, it takes many years to understand the complexity of buying and selling aircraft to the point where you would not be risking your money.
Can I charter my private jet?
In fact, no matter how little or how much you fly your jet, chartering your private plane is an excellent way to offset many or your fixed costs. The savings can total well over one million dollars per year! The demand for private jet charter has increased significantly in the past few years.
Is the Gulfstream GIV the most luxurious private jet in travel?
Fifteen years ago, a Gulfstream GIV was considered the epitome of luxury in private jet travel. The GIV was the largest, fastest, most luxurious private jet flying. And in the charter market, an hour of flight on a GIV would cost approximately $5,500.
What are the best aircraft to buy for charter?
The best aircraft that provide a reasonable return through charter are the ones where the fixed costs can be recovered through 200 hours or less of charter. These are the aircraft that charter operators often look to purchase for their fleets.
Why are charter aircraft so expensive?
The largest cost component is fuel. As fuel prices increase, the hourly rate must increase to compensate for it. But charter prices are also driven by demand. And newer aircraft are not only more desirable, but are more efficient and cost less to operate. So let’s look back to 1999 and see what’s been going on.
How much does it cost to fly on a GIV?
The GIV was the largest, fastest, most luxurious private jet flying. And in the charter market, an hour of flight on a GIV would cost approximately $5,500. Fast forward fifteen years, the GIV is no longer in production, replaced by the G450, and for longer range and larger cabin options, the G550 and G650.