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When you are looking at the choices offered to satisfy your private jet travel requirements, you may be given suggestions regarding the different options of private jet travel available by somebody who has never personally analyzed your travel requirements. That is a regular occurrence in the aviation market, since there are numerous sales people that attempt to oversimplify what's definitely a far more complex issue - "Which private jet travel alternative is really best in my situation?"
Trying to answer this question with the smallest amount of confusion as possible has brought about the creation of a general guideline that actually is effective for just a very few men and women in specific circumstances. In reality, there are so few individuals whose requirements are satisfied with this particular method that it has grown to be a myth.
The particular rule says an individual will need to select between jet cards, aircraft charter, fractional or whole aircraft ownership determined by a basic formula of hours flown a year. The general guideline goes something like the following:
1. If you fly privately for less than 25 hours each year, you'll want to charter.
2. When you fly privately anywhere between 25 to 50 hours each year, it is best to purchase a jet card or block charter.
3. In the event you fly privately between 50 and 200 hours a year, it is best to use fractional (make a guess at which promoters created this guideline?)
4. When you fly privately over 200 hours each year you need to purchase your own personal aircraft.
The real problem with this basic formula is the fact that it doesn't take into account your own special needs and presumes your wishes are the very same as everybody else's. In order to make a completely informed final decision, you'll need to think about more factors than only the amount of hours flown a year. For instance, when your company has a requirement for 20 hours of flight time per year, however the flights all begin in completely different cities, your requirements will conflict with the advice to utilize charter when your local charter operator does not have any aircraft based in these cities.
When you fly 100 hours each year, but the majority of the trips come from one particular airport or area and return inside a day or two, once more this recommendation will not make the very best match for you, since a fractional share or jet card is going to be way too costly since their model is dependent on higher, "one-way" pricing. Naturally there are quite a few other factors also, like the convenience factor, tax advantages, accessibility, and so forth that cannot possibly be considered within the constraints of a one-size-fits-all guideline.
If contacted for guidance in deciding on the very best private travel alternative for a client, I initially establish the client's needs. How frequently does the client fly? Are the majority of flights one way or round trip? Do all of the flights start and end in the very same location? Will the client ever have need for several aircraft at the exact same time, possibly flying several teams in various areas of the country to different places at the same time? What is the client's tax situation since it relates to depreciation of the asset when a share or entire aircraft were bought?
Are there passive earnings concerns? What's the client's most important concern with regards to traveling? Does the client like to have a relationship with their flight crew or do they prefer to keep them at arm's length? After that, a complete mission evaluation is performed, that consists of a financial review of the different alternatives available. On very rare occasion the guideline will match up with my advice, however nearly all of the time the guideline leads an individual to much more expensive alternatives than needed.
Do not be misled by the myth that your particular requirements will be met with a guideline. Using a thorough, in-depth evaluation of your travel requirements, a professional can structure one or a number of private jet travel alternatives in combination to develop a solution that genuinely meets your requirements.
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