How to buy a Private Jet Plane
A private plane will likely cost millions, so aviation experts suggest that 350 to 400 hours of flight time per year usually justifies full ownership of a jet, according to General Aviation Services, a private aircraft seller.
For most people, a Learjet model will do the job. This jet is like an oversized SUV – big enough for your family and a few friends to take that trip to the beach and avoid the traffic on Friday evening. Plus, you don’t have to rush home on Sunday evening and again get stuck in the traffic. You can simply fly back on Monday morning and still be at work. It will run you in the neighborhood of $10 million but this can go down significantly if you buy a used jet or you select fractional ownership (more on that later).
Some of the costs you need to calculate are fuel, pilots, food, insurance and other fees. You can let other company to manage all of the maintenance but they do charge a lot of money. Speaking about the price of a new jet is between four million to seventy million dollar, but this for the original cost.
And, remember that repairs and maintenance can ground your plane; expenses can be unpredictable ($50,000 for a part); and you could lose plenty of money by buying your plane high and selling low, notes TWC Aviation Services president Andrew Richmond.
After you decide which one you may need, you can start looking for the one you want. Normally, you can walk and talk to the manufactures and inspect of the types of many jets. Look at the available option, a new or used one.
After you made conclusion then you can contact a jet broker. You can tell them your need and specifications, a new or used jet and a light or an executive jet. This will make easier for the broker to help you locate exactly what you need and want. Finally, after taking those all steps you can be happy about what your decision is for owning a private jet.
If you don’t fly as much as the minimum hours you can consider buying in partial ownership of a jet or you may just rent a jet. You must check first all the costs of owning a jet. Some hidden or unexpected expenses often occur during your first own of private jet.
