Private Jets, Business Jets and their Billionaire Owners. Business Aviation or Private Aviation is the use of an aircraft for a business purpose or private purpose. Jets are very expensive, with private jet prices exceeding tens of millions dollars, so only the world's richest can afford a private plane.
Often a private jet charter is used, as the cost of private jet charter service is less expensive than owning a jet. A private jet or business jet is a jet aircraft designed for transporting small groups of people, mostly in opulence luxury. Private Jets are mostly owned by corporations, billionaires, celebs and government organizations.
The costs of private jets vary from a few million dollars to several hundred million dollars. The most expensive private jet is probably the Boeing 747-
Early 2017, there were more than 22,000 business jets in the worldwide fleet, of which 11% were for sale. About 70% of the fleet is in North America. The European market is the next largest, with growing activity in the Middle East, Asia, and Central America. (Source: Wikipedia).
The most popular private jet, not necessarily in actual numbers, but as billionaires ‘like to have’, are the US$ 70 million Gulfstream G650 an her class rivals Dassault Falcon X8 and the Bombardier Global 7000. Most popular in actual sales numbers are the Cessna Citation, Embraer Phenom and the Bombardier Challenger.
Famous private jet owners are Donald Trump (a Boeing 757 with registration N757AF), Roman Abramovich ( A Boeing 767 with registration P4-
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Every airplane has an unique registration code, of which the first few digits refer to the land where the plane is registered. The place of registration is not necessarily the place where the plane operates. The place of registration is mostly decided by tax or privacy reasons. Also the possibility to charter is relevant, as the registration ‘M’ (Isle of Man) does not allow this.
A Private Jet or Business jet is a jet aircraft designed for private or business use. Most of the times this means transporting small groups of people. Private Jets are mostly owned by corporations, governments or by wealthy individuals. Reasons for owning a private jet can be flexibility in time, flexibility in destinations, time savings, increased productivity, security and prestige. ( There are more or less 4 options regarding the use and ownership of a private jet:
Jets prices range from ‘a few million dollar’ for a light jet, to hundreds of million dollars for a large airliner such as a Boeing 747. The most expensive private jet is probably the Airbus A 380, with a list price of US$ 425 million. Successful jet models, with relative large sales numbers, are the
With fractional jet ownership multiple owners share the costs of owning and operating the aircraft. Owners buy a “share” of a jet, rather than an entire jet. Owners have guaranteed access to that jet and pay a monthly maintenance fee and an a hourly fee for each flight. Most of the time a management company handles all operations, and owners rarely fly the specific aircraft in which they hold shared title. More likely, they will travel on identical planes in the management company’s fleet.
Pros of fractional ownership are the reduced (shared) costs. Next to the fixed fee, you only pay for the time that you are in the air. Especially when if you fly a lot of so called ‘one-
Cons of fractional jet ownership are the reduced flexibility and less convenience. Example of fractional ownership programmes are
With private jet charter you rent the aircraft for a specific flight or time. Most of the time air charter companies provide worldwide charter services. Pros of chartering a private jet are the flexibility, as charter flights don't operate to a strict schedule and can land at almost all airports around the world. Also the time savings, improved security and even prestige are important positive factors. The absolute costs of chartering a private jet will be less than the costs of owning a plane, but the charter rates per hour will be higher. More about private jet charter prices here.
Membership of a Private Jet Owners Program means that you pre-