While a one-off short flight on a light jet might be had for as little as $5,000, you can also buy a new $70 million ultra-long-haul private jet. We look at the options, including full ownership, fractional shares and leases, jet cards and on-demand charter
The cost of a private jet varies widely, from owning an entire aircraft to chartering on-demand. But what are the options?
Fractional ownership and leases, as well as jet cards, have become a popular middle ground, providing convenience and consistent experience in many ways offering the best of either full ownership or on-demand charter.
However, figuring out the right solution isn’t necessarily based only on flight hours. Current U.S. tax benefits of full or fractional ownership can tilt the scale in their favor, particularly if most of your flying is for business.
Instead of the traditional hours-based approach, World Access starts at 75 days per year and is priced based on a quarter share
In perhaps one of the more innovative private aviation programs we’ve seen recently, Flexjet is moving its Gulfstream G650 fractional share and lease program from hours to a day based formula.
While the day-based approach on the surface mirrors what Airshare has been offering on its fleet of Phenom 300s and 100s for several years, it’s the first time we’ve seen it being applied to large cabin aircraft. It also amps up the competition between NetJets, VistaJet and Flexjet in the fight for high-spending ultra-long haul private jet fliers.
The fractional operator sells shares on its Pilatus PC-12
and now expanding PC-24 fleet
While most people would probably know the nation’s two biggest fractional operators are NetJets and Flexjet, they might be hard-pressed to name number three. That would be New Hampshire-based PlaneSense. And while the two leaders battle it out with Gulfstream G650s and the Global Express, PlaneSense continues to pursue the short to mid-range flight market. Today it announced it has taken delivery of its third Pilatus PC-24, a twin-jet with a range of 2,000 nautical miles, and a takeoff distance of just 2,930 feet, including gravel and grass runways.
The four most searched private aviation companies on Google are very different, although they also have some similarities
In the world of private aviation solutions – fractional ownership, leases, jet cards, memberships, seat sharing, semiprivate airlines, and so forth, four companies have generated the most interest, according to Google Trends. Surprisingly, perhaps, they are each quite different once you get past the fact that they all want to fly you somewhere.
Across fractional ownership, leasing, and jet cards, we look at the leading branded private jet options when you are looking for large-cabin, long-haul solutions (including seat maps)
If you are looking for program access to a branded fleet of large-cabin aircraft and are based in the U.S., the options are somewhat limited, although they include the three of the most prominent fleet operators out there with NetJets, Flexjet and VistaJet. Also of note is Dumont Group, which expects to have a fleet of around 27 Dassault Falcon 2000 aircraft by early next year. In this report, we give you an overview of the current options from each provider.