Skip to main content

How to Buy a Private Jet




While you couldn't make the argument that private jets are necessarily affordable for the majority of the public, they have become a little less a fantasy for a small percentage of people and small businesses. Private jet manufacturers have been working hard to make plane buying less the province of the ultra-rich and more accessible to the general public. Buying a private jet takes a lot of consideration and research and is not something to be undertaken without considering the ins and outs of plane ownership. If you're thinking about investing in a private jet, here's what you need to know and how to go about doing it.
Instructions

Things You'll Need:

  • Computer Internet Pilot's license
  1. Step 1
    Get your pilot's license. Getting licensed to fly small jets is not like running to the DMV. Learning to fly takes time and serious consideration, not to mention money. Look for accredited schools in your area. Many small airports offer flying lessons and accreditation, but you can also look into private lessons from professional pilots in the industry. Be sure that your lessons are taught by authorized instructors and will come with a legitimate license.
  2. Step 2
    Do your research. Familiarize yourself with the private jet industry by talking to private and small plane owners and reading books on how to own a private jet. Do the legwork by visiting trade shows and exhibitions and asking lots of questions. Industry professionals and current owners are your best tools for learning about the industry and finding tricks of the trade.
  3. Step 3
    Get your credit in order. No matter how much money you have, if you're not buying a jet outright, you won't get anywhere without good credit. If you've had credit problems in the past, talk to the credit advisor at your bank to help get things in order or hire a reputable company to help get unnecessary demerits erased from your standing credit report.
  4. Step 4
    Find a plane. There are a million ways to get a private jet. The cheapest way to go will be to buy used planes, which you can find anywhere from legitimate plane sellers to sites such as eBay. Try to avoid dealers. Buying direct from manufacturers will get you the best advice and price.
  5. Step 5
    Look into partial ownerships and time shares. When buying a jet there are several ways to invest. Some companies offer partial ownership, meaning that they retain some rights to fly your plane when you aren't, while other companies might offer what would be the equivalent of a time share, where more than one person owns a plane. Payment and usage is split according to the percentage you invest. This is a great way to test plane ownership without spending millions of dollars.

    Tips & Warnings
    • Consider additional fees. Planes require a lot of attention and maintenance, and you should factor into your calculations hanger fees, gas, yearly maintenance, insurance and airport taxes.
Labels:

Popular posts from this blog

How to make a balloon fly

How does a hot-air balloon work (in theory)? In a word: buoyancy . Hot-air balloons float in the sky for pretty much the same reason that boats float on the sea. A boat floats because it's supported by the water beneath it: the weight of the boat (pulling downward) is exactly counterbalanced by the pressure of the water beneath it (pushing upward). A boat doesn't float perfectly on the water surface but sinks partly into the water according to how heavy it is. The bigger the boat, the bigger the area of water beneath it, the greater the force of the water pressure pushing upward on it, and the more weight it can carry. Here's another way to look at it: generally speaking, an object will float if it's less dense than water (in other words, lighter than an equal volume of water) and sink if it's more dense (heavier than an equal volume of water). Imagine a block of lead the size of your arm dropped into a bathtub filled with water. An "armful of lea...
Read more

What is the Difference Between a Jet & a Plane?

One of the most common types of airplanes in use today is the jet, which has largely replaced traditional aircraft powered by propellers. Although propeller planes are still used in some instances, jets dominate commercial and private air travel due to their greater speed, ability to fly at higher altitudes and mechanical reliability. General Airplane History While efforts toward powered flight date back to the earliest inventors, the first successful flight of a fixed-wing aircraft was performed famously by the Wright brothers in 1903. Their plane, known as the Wright Flyer I, was made of wood and used a gasoline engine to spin a pair of wooden propellers. Over the next several years, the Wright brothers continued to refine the design that would provide the basis for aircraft over the coming decades. World War I provided a major incentive for the design and construction of better airplanes. Planes were originally used purely for surveying the enemy's positions. This l...
Read more

About Renting a Plane

  http://www.zmetravel.com/wp-content/uploads/2007/09/private-jet.jpg Flying on a private plane used to be a luxury that was reserved solely for the rich and famous. But with the increased enrollment in private pilot programs, the advancements in air travel and increased availability of small planes, renting a private plane has become more common than ever. With the economy in a downward spiral and commercial flight access in a decline, chartering a private plane offers a way for people to travel for business and pleasure. Renting a plane affords customers the peace of mind that comes with the luxury of flexible travel in complete privacy.  Features Private jet rental packages come equipped with a flight crew including flight attendants and a number of pilots depending on the size of the aircraft. You can create a custom package of in-flight catering and beverage services, as well as other amenities like entertainment and phone service. Flight attendants...
Read more