Investing in a private jet isn’t cheap, but if your business or corporation is spending a significant amount of money on business travel, chances are it may be more cost efficient to lo
ok into chartering business aviation flights.
Flying privately allows professionals to conduct business in a secure area while in transit, staying connected to operations on the ground. This is something that you can’t do with commercial airlines. Private jets provide rapid, on-demand transportation as well as the flexibility to schedule flights around times that are more convenient to your schedule, rather than the other way around. Another benefit is expanding your reach to more airports—something many companies with multiple facilities throughout the country can take advantage of. They can avoid the hustle and bustle of the major airports, and minimize travel time while increasing productivity.
Once you’re “on board” with chartering private jets, there’s still a little bit of homework to do. This aviation industry is separate from commercial airlines. Like any business, these private jet companies have competitive pricing. So, before chartering the first private flight you learn about, Offland Media encourages you to dig in and do a little research to find the best cost-effective solution for your company.
Here are 7 cost-effective solutions for chartering a private jet:
1. Rent your aircraft instead of buying
You don’t have to own a jet in order to take advantage of all the benefits that flying privately has to offer. Buying a brand-new jet could cost anywhere from $3 to $90 million, and it won’t be that much cheaper investing in a second-hand jet. This price isn’t inclusive of the maintenance and repair costs that can run from $700,000 to $4 million annually. The fuel alone can average at $53,000 a tank according to Bankrate. Renting your aircraft has become even more affordable for professional travelers with memberships that include jet cards, a payment system that works like debit cards to pay for flight hours.
2. Price comparison
Shop for the best price as if you were booking a commercial flight, except with private jet charters, the options are a bit more detailed. Private jet charter does not charge by the ticket. It’s a service that requires a generous one-time deposit and an hourly rate that can vary depending on the company. There are a variety of brokers and online booking platforms that you could search to find an aircraft that fits your needs. Rates can vary depending on the company and where the aircraft is based. If this is your first time booking a private aircraft, it’s best to have some help when booking so all of your questions can be addressed.
3. Choose a smaller plane for shorter flights
The type of jet you charter will make a difference in the cost. The smaller the aircraft, the cheaper the expense typically will be. For shorter commutes, we recommend chartering a prop plane instead of a jet. These planes cost less to operate and you can achieve the same goal of making it from one destination to another. Unless you have the need to transport a larger group, a smaller sized aircraft can accomplish your trip needs in just about the same amount of time.
4. Find a group to travel with
Partner up with one of your colleagues who have their own jet or membership. Many times, there are empty seats available on these trips, and you’d be able to fill one of them. There are even some companies that offer booking by the seat options for aircraft that are relocating. If someone you know has chartered a flight to your destination, hop on to gain the discount savings!
5. Do without the wifi service
With private jet charters, your fees go toward the upkeep, maintenance and fuel of a jet. It also goes towards the salary of the pilot and in-flight service, including the salary of the flight attendants. So, when chartering your private aircraft, you might want to rethink the amenities and what you can really do without. While most aircraft are equipped with wifi on board, be sure to check with the charter or management company if wifi usage is inclusive of the price quoted.
6. Choose a less expensive airport
As part of a private charter member, you have the choice of selecting a particular aircraft and you also have the option of selecting the airport where you want to depart and arrive. Some airports charge higher fees than others depending on the location. This is definitely something to take into consideration when organizing your business travel arrangements. The great thing about private aviation is that you can reach over 5000 airports in the United States while commercial airlines can only reach about 500. So you are more than likely to find an airport closer to your destination that isn’t congested with commercial traffic.
7. Utilize the aircraft that’s in closer proximity of takeoff
Other flight plans to consider is which aircraft is closest to you. You might have your heart set on a certain aircraft, but if it’s parked halfway across the country, then you will have to pay for the flight time to get it to your desired airport. It is very important to know where your aircraft is based out of and where it will be coming from. These relocation legs can end up costing you more in the long run.
Learn More with Offland Media!
Just because you might be saving your company thousands of dollars in business traveling expenses doesn’t mean that the savings stop there. Offland Media has access to information regarding cost savings for chartering private jets. We are your go-to source for all things related to business aviation. Contact an Offland representative for a free consultation. Call 1-800-604-5193 or contact us online.