Buying a Private Jet: 3 things you need to know

Buying a Private Jet AWC

Whether for corporate or personal use, buying a private jet is not your usual shopping experience.

 

Investing in a private aircraft of any kind requires careful consideration and decision making. As a part of this process, it’s important to know the biggest factors to watch out for.

 

1)  Know your travel needs

Are you or your colleagues frequent flyers? What’s the average distance you can expect to fly in a month? How many travelers will fly on the majority of your trips?

 

All of these factors play into calculating the overall cost of operating your aircraft, along with maintenance and the typical compliance needs for different regions.

 

2)  Know the aircraft

Just as you would inspect a new or pre-owned car before buying, the same should be done with private jets. With a pre-buy inspection, you can verify the aircraft’s flight condition and true monetary worth. 

 

Knowing where the aircraft is in its maintenance cycle will also help in determining when it’s next due for maintenance and how much this could cost.

 

3)  Know the alternatives

Even if you’re set on buying a private jet outright, it’s not the only option available to you. 

 

  • Fractional Jet Ownership – similar to time share properties, this ownership involves buying a fractional share of a jet and getting a set amount of time with the aircraft relative to the size of your share.
  • Private Air Charter – chartering a jet means that you pay as you fly without any sunk investment or ongoing costs.

 

In the purchasing process, it’s important to look at all of your options to make sure you’re making the right investment for your needs.

 

For more information about private aircraft ownership and charter options, get in touch with our team of experts at info@airportsworld.aero.

 

 


About AWC: Airports World Company (AWC) is a leading provider of end-to-end aviation services for INGOs, Militaries, Corporations and discerning Individuals in the Middle East and worldwide. With corporate offices across the Middle East and Africa, we established AWC to meet the growing demand for the holistic management of all aviation-related logistics and requirements while putting the customer first. Our mission is to empower our customers to be global with ease. We are committed to innovation, excellence and transparency.

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