There has been a widening rift inside the private aircraft market over how jets are bought and sold. For over twenty years, some within the market have been pushing the notion of fractional ownership as a way to get more businesses and private individuals into jet ownership. It seemed like a fantastic idea in the beginning and from the outside still sounds like a great concept.
But if you're going into a deal to own an airplane with the concept of being spending budget conscious and to save funds, then there is most likely no need for you to own a plane. Which is not a knock on any individual or company, but not all clients really should or have to own a plane. Chartering a plane really should do them just fine, and really, after adding all the fees and expensive it can almost certainly be less expensive than acquiring a plane, even if it really is just a piece of a plane.
The notion is great, but in actual 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 considerably much more home than their family needed, and in doing so put themselves in a lot a lot more debt than they almost certainly needed to have been. The very same might be said about fractional aircraft ownership. It puts people in the role of owning a plane that in all probability don't need to own a plane.
If it's for tax reasons, you could write off the organization expenses of individual flights as well as the taxes on an airplane, therefore that cannot be the only reason to own a plane. If it's for convenience, knowing that you have a plane on call to take you any place you want to go at any moment of the day, then you don't have much advantage over somebody that does not own a plane. Although the fleet that an owner would draw from might measure within the hundreds, the fleet offered for charter throughout the US is in the thousands and so there will practically be 1 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're going into a deal to own an airplane with the concept of being spending budget conscious and to save funds, then there is most likely no need for you to own a plane. Which is not a knock on any individual or company, but not all clients really should or have to own a plane. Chartering a plane really should do them just fine, and really, after adding all the fees and expensive it can almost certainly be less expensive than acquiring a plane, even if it really is just a piece of a plane.
The notion is great, but in actual 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 considerably much more home than their family needed, and in doing so put themselves in a lot a lot more debt than they almost certainly needed to have been. The very same might be said about fractional aircraft ownership. It puts people in the role of owning a plane that in all probability don't need to own a plane.
If it's for tax reasons, you could write off the organization expenses of individual flights as well as the taxes on an airplane, therefore that cannot be the only reason to own a plane. If it's for convenience, knowing that you have a plane on call to take you any place you want to go at any moment of the day, then you don't have much advantage over somebody that does not own a plane. Although the fleet that an owner would draw from might measure within the hundreds, the fleet offered for charter throughout the US is in the thousands and so there will practically be 1 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 ideal way start shopping is on the web at privatejetcharter.com.
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