If you charter private jets frequently and see your mileage starting to add up, at some point, you might begin to consider purchasing a jet of your own. It’s true that having a personal plane in your hangar seems convenient and fun — over the next decade, multinational companies and private purchasers are expected to add almost 8,000 new private jets to their collections. However, buying a plane has its own set of pros and cons, and many people realize the extensive responsibilities that come along with owning a jet only after they’ve made the purchase.
Is it better to rent or buy a private jet? If you continue to charter private jets, how can you gain the most value from your mileage? Let’s take a closer look at the answers to these questions.
Why You Should Consider Renting a Private Jet
Renting a private jet is a desirable option because of the financial advantages and convenience it offers. Here are several benefits of renting a private jet instead of purchasing one:
Cost savings: Renting a private jet is significantly more economical than buying your own plane. When you charter, you’ll pay only for the flights you use, rather than for the entire purchase price of an aircraft that may spend much of its time sitting in the hangar. You’ll be free from upkeep, staffing and insurance costs, potentially saving thousands of dollars.
Renting a private jet is a desirable option because of the financial advantages and convenience it offers. Here are several benefits of renting a private jet instead of purchasing one:
Cost savings: Renting a private jet is significantly more economical than buying your own plane. When you charter, you’ll pay only for the flights you use, rather than for the entire purchase price of an aircraft that may spend much of its time sitting in the hangar. You’ll be free from upkeep, staffing and insurance costs, potentially saving thousands of dollars.
No maintenance: To ensure safety, private plane owners must pay thousands in preventative maintenance costs for their planes every year. All that maintenance also takes time, keeping your aircraft grounded instead of ferrying you effortlessly through the sky.
When you rent a private jet, the company takes care of all the maintenance, and you’ll always have a plane waiting to take you where you need to go. versatility flying private
