Should You Invest in a Private Jet?

If your company is new to the private jet industry, it may be difficult to decide if it’s time to embark on the quest of jet ownership. When making this decision, there are many factors to consider.

  • What’s your travel time? If you or your co-workers regularly travel 150 or more hours a year, it may be time to invest in a corporate jet.

  • Where are you going? The distance you travel will dictate how large of an aircraft you’ll need. You’ll also need to consider how many people will need to make the trip, and buy an aircraft of the appropriate size. An ultra-light jet won’t work for large groups covering long distances.

  • Plan for maintenance costs. Fuel, repairs, crew salaries, and government required inspections can add up quickly. Other costs will creep up, too, like regular airport fees and cleaning services. Make sure you know what you’re getting into.

  • Consider your image. Before you buy, consider the impact purchasing a private jet could have on the reputation of your organization. While it might be the right financial decision for your company, it might not sit well with the general public. Check with your legal department and PR specialists before you buy.

  • New or used? New and used jets each have pros and cons. Make sure you get a thorough inspection before you buy a used aircraft. Used planes may require costly and time consuming upgrades to meet current regulations, too. A new plane will cost you more, but they often come with a five year, tip-to-tail warranty. While you will still be responsible for the cost of inspections, most other expenses are covered by the warranty.

Once you’ve decided to purchase, hire the right team to find your aircraft. You need a team that is experienced, has the resources to find the right plane, and has impeccable integrity. A professional company like Amaka Global Airways will take the time to get to know your specific needs then search on- and off-market to find an aircraft that’s perfect for you.

Buying a corporate jet is a complex process, and bringing in professional help is going to save you time and money. Working with an experienced broker like Amaka Global Airways will ensure that you love your purchase long after the transaction is finalized.

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