The future of private aviation, in general, is in the hands of millennials. Whether we’re looking at who’s going take the reigns in operations or whose going to continue to buy into the services so that there is an operation to run all lies in the hands of millennials. The challenge with this generation is catching their attention long enough to turn them into loyal customers and contributors. If this generation finds that the private aviation industry can do something for them, they will opt in. If they believe that the industry is a service that can improve the ease of their lifestyle, then you’ll have a customer for life.
How can private aviation business reach out to the next generation if operations are being conducted like business as usual?
No More Business as Usual
For the business aviation industry, business, as usual, means not engaging with the latest technological advances that have proven to propel many businesses forward, boosting their revenue. Much of this success is due to successful communication efforts to connect with the next generation. Whether your personal opinion of social media and the internet altogether is in opposition to the operation, this is the future and driving force of our economy. That’s why it’s apparent that the private aviation industry doesn’t remain so “private”.
Appeal to Millennials by Introducing Jet Sharing
Jet sharing is a way to extend your private aviation business to the new millennial generation. Jet sharing provides an affordable way for professional millennials, or Affluent Millennials—those who have investable assets of $100,000 or more—to invest their dollars to fly privately.
Why Would Millennials Be Interested in Jet Sharing?
To put it in millennial terms, jet-sharing is cool! It also provides individuals with the opportunity to fly privately without having to pay the expense of maintenance and upkeep that a jet owner might infer. Jet sharing has several other benefits than being just cool. It’s economical for Affluent Millennials who travel for business on a frequent basis. The cost of flying first class through commercial airlines would be a smarter investment if the expense were put toward jet sharing.
Data provided by Statista.
How Does Jet Sharing Actually Work?
Jet sharing allows you to invest in a share of an aircraft. Along with that share comes an allotted amount of hours you can fly. The minimal amount of hours ranges anywhere from 25 to 50 hours. You usually will have the option to upgrade or even downgrade the aircraft according to your destination and number of travelers. You can also increase the flying hours according to your own business budget.
Take advantage of all the benefits of flying privately without the expense of maintenance and upkeep, fuel cost or even hangar fees.
What’s in it for the Jet Owner?
It’s rare for private jet owners to have a full flight to their destinations. Whether they own a 14-passenger jet or a 5-passenger jet, it all costs! If there is a way to cut down on the expense of owning a jet, the jet owners usually want to know about it. Jet sharing allows jet owners to rent out their seats to reduce the cost of their flight. All the jet owner has to do it let a private charter company know exactly how many seats the jet owner wants to share and at what price. So, the more seats the jet owner shares, the less of expense the trip will cost.
Of course, the whole point of flying privately is so you’re traveling in the comfort of your own jet, not having to share it with complete strangers. However, if there is a way to reduce expenses while still enjoying the amenities that come with comforts of flying privately, then there must be some sort of compromise. Even with a large cabin jet, jet-sharing will be nowhere near the experience of flying commercially.
Jet sharing is also the perfect solution for business corporations. As a work benefit for executives—or sales professionals, they can buy a share of the company aircraft in exchange for an allotted number of hours to use on an annual basis.
Other Benefits of Jet Sharing
With jet-sharing, you could pay less than $500, sometimes as little as $125 for a seat on a private charter aircraft. Through private charter flights, you’ll get much more than first-class amenities. In addition to the legroom and other perks, you get something that commercial airlines cannot also guarantee: quick and efficient arrival and departure.
When flying privately, business jets have access to airports that are in close proximity to a traveler’s point of destination. Business travelers don’t have to concern themselves with long check-in lines or bag checks. Jet sharing gives you the advantages of flying privately without the expense of owning a jet. Empty-leg flights are a great opportunity to book a private charter at the lowest possible rate.
An empty-leg flight is spare seats on private charter aircraft that have been already booked as a one-way trip for a round-trip flight. When jet-sharing, passengers do not have the luxury of having the jet waiting for him or her. The jet owner is in charge of that aircraft’s flight schedule. That jet-sharing passenger will have to book another flight back to that destination if he or she isn’t returning on that aircraft’s scheduled flight.
What Else Should You Know about Jet Sharing?
A private charter membership with fees running at approximately $4,000 –which might be equivalent to two or four round-trip first-class tickets—you’ll have the opportunity to fly as much as you want with some jet-sharing memberships. With jet-sharing, your passengers would still be sharing the same aircraft with strangers. They still would be committed to scheduled flights, but minus the security checkpoints, minus the long lines, minus the cramped legroom, and minus any delays and setbacks. There are no double-booked seats. Your seat is your own!
The bottom line is that there are alternative options that make flying privately much more exciting and affordable. The savings that you incur from jet-sharing far outweighs the expense of a first class seat. Jet sharing offers all of the creature comforts of flying privately without all of the hustle, bustle, and confusion that typically come with commercial travel. You’ll find that through jet-sharing, flights schedules are much more streamlined, quieter, less hectic and tailored to your own amenity preferences. It’s also the quickest way to fly from one destination to another. Through jet-sharing, there are very few opportunities for long layovers or delays.
The convenience of jet-sharing offers professionals the advantage to travel to multiple destinations in a minimal amount of time for as much or less than the cost of a round-trip first-class flight. Jet sharing offers you the convenience of showing up 15 to 20 minutes before a flight versus the hour preference that commercial airlines recommend.
Jet Sharing. Choose Wisely
The entire point of jet-sharing is to cut down in travel expenses and maximize work efficiency. Jet sharing gives you access to a selection of aircraft that best suit your travel needs. For instance, if you’re sharing a jet with 5 passengers traveling from Chicago to Boston, then you won’t necessarily need a large cabin 14-passenger aircraft. Of course, the choice is completely up to you regarding what kind of jet you choose. However, it’s wise to keep in mind the costs that come with the type of jet you choose. The larger the jet, the more fuel that’s required. This means the cost fueling that jet is going to be significantly more than a light cabin, 7-passenger aircraft.
Jet Sharing: Truly, the Future of Private Aviation.
Jet sharing is the future of private aviation because it makes luxury traveling affordable. When services become affordable, more people buy into it. This is how the private aviation business will thrive, by making its services easy to buy into to. Offland Media is front and center, serving as the mediator between the traditional ways of private aviation and the new millennial generation who will propel it forward.
Let’s talk about how your private aviation service can be a part of this amazing future! Contact an Offland Media consultant today at 1-800-604-5193 or send a message online by clicking here!