Read this article to find out more about the economics of traveling on a private jet and why a private jet charter might be right for you.
When you think about a private jet charter NYC, you fall under one of the two categories: either you know more about private jets, how much it takes to own one and how to travel on a private jet, or you know nothing at all about private jets. If you fall under the category that doesn’t know much about private jets then you are on the right page.
The first thing you need to know is that it can cost you between $3million to $100 million to buy a new jet. It is also important to know that buying a private jet is not as costly as operating it and that is why people decide to charter their jets to generate income to help them maintain.
Although most private jet owners buy used models, the cost puts the ownership of a private jet out of the price range of most people but apart from a small fraction of the richest people in the world and some large companies. Owning a private jet and keeping it for yourself is not a good financial decision no matter how rich you are.
If you want to fly a private jet but do not have the capacity to own one then you can charter a plane. This will save you the hassles that come with operating and owning your own jet. It will also save you a lot of money. Just like renting or hiring a car, when you use a private jet charter, you only pay when you use it.
Why fly a private jet?
You may be wondering why someone would fly a private jet when there are so many commercial flights around. Nobody is to deny that flying a private jet takes a lot of money but before you criticize anyone who flies a private jet, let us look at some of the benefits of flying a private jet.
For higher-up executives and CEOs, private jets mitigate a lot of risks. Clients choose to fly private jets to ensure they arrive on time and in the best mental and physical shape. Busy higher-up executives cannot afford to show up to important meetings let. They also do not want to feel sluggish because of the hassles involved with commercial travel. They know and understand the cost of failure exceeds the cost of flying a private jet.
Another benefit is flexibility and proximity. Private jet customers are mostly business travelers and this is a huge benefit. The aircraft will be at the airport waiting for you and the jets can land at many airports and airstrips compared to commercial flights.
Saving money on a private jet flight
Not all private jet charter NYC users are super rich to spend a lot of money on their flights. Others are looking for ways to save. That is where you can decide to travel as a group and cost-share. You can also get empty-leg flights that have discounts of up to 75%. When jets are booked, they return home empty. That is a lot of money to lose and instead of the jet returning empty, the company can put people on board at cheaper prices.
