The Difference Between Owning and Hiring a Private Charter

by Challenge Jet Charter Private jet charter

There are two ways for businesses or individuals to benefit from business jet charter. Purchasing an airplane is one option. Another option is to hire a private plane (also known as renting a private jet from a charter broker). Both of these plans have advantages and disadvantages. Purchasing an airplane is obviously more expensive than renting one, and the benefits are limited.

Investing In a Private Jet

Private jets start at at least 5 million Euros, so purchasing one is not a quick decision. When it comes to private jets, the Phenom 300 is the top of the line. The plane costs 8 million Euros, has a range of 3,500 kilometers, and seats seven people. According to business aviation experts, a buyer who wants to purchase a private jet must fly at least 300 hours per year, or approximately 700,000 kilometers, before the investment pays for itself.

Furthermore, purchasing an aircraft is only the first step. Other costs to consider when making this decision include maintenance, crew, fuel, service, parking, and a variety of taxes, as well as annual depreciation. After purchasing an airplane, the owner can either give it to an operator or use it only for personal purposes, or they can let the operator use it for business purposes as a private jet rental. By renting out an airplane that is suitable for charter, the owner can save money on maintenance. These costs can quickly add up depending on the plane.

Renting a Private Charter

Chartering a business jet charter is still the most cost-effective way to fly, and it also provides travelers with more options for the type of plane they can take. Customers can select from various classes of private jets to find the one that best meets their requirements. However, if they want to charter a plane to take them and five other people from Paris to Dubai, they will need something much larger and further away.

This method allows the client to rent an airplane at a rate that can be adjusted to meet the needs of any trip.

Conclusion

Some operators manage their own fleet of private jet rental, while others provide management and charter services on behalf of their owners. As private jet users, you should search a trusted network of operators based on strict service and safety standards to find the plane that best meets your needs.