Comparison of Private Flight Products
The Primary Private Flight Options Include:
- On Demand Charter / Block Charter Purchase
- Jet Membership
- Fractional / Whole Aircraft ownership
- A mix of these products
Which is Best?
Each of these has their advantages, and their disadvantages. When comparing these products, the most important factors to focus on are the overall hourly rate and the contractual restrictions each product enforces.
Determining the best mix for your needs takes some investigation of past travel history and expected future plans. This focuses on the following questions:
- How many hours were flown last year?
- On which aircraft?
- What was the overall invoice amount (Annual Travel Spend)?
- What was the payment method?
Knowing this history will help our experts build a product mix that best fits your unique needs.
|FURTHER QUESTIONS TO CONSIDER||FINANCIAL STRUCTURES CONSIDER|
Aircraft historical use and preferences:
|The answers to various questions will dictate the structure.|
||Possible prepaid Block Charter program: a sum of approximately $100k could solidify lower hourly rates. If the amount of annual hours can be predicted, this may be advantageous.|
||Possible Fractional Share/Block Charter purchase. A high volume of annual hours and off hours travel can help reduce the hourly rate.|
||Possible Jet Membership|
||On-demand Charter program with ceiling hourly rates by cabin type.|