Given the amount of money involved, picking the right way to employ business aviation is one of the most critical financial decisions you can face. Unless you’re buying a whole aircraft, the first choice you have to make is what access model would best suit your needs, be it a fractional share, a jet card or traditional charter. Then you need to decide which company or companies to use.
Global deliveries of turbine business airplanes increased 7.2 percent in this year’s first quarter over the first quarter of 2013, according to the General Aviation Manufacturers Association. The jump in deliveries will most likely mean a boost to business at centers that perform aircraft completions and refurbishments and companies that provide interior components.
As soon as its first owner departs from the manufacturer’s delivery center, a new airplane technically becomes used (or preowned). For various reasons, however, 10 years after an aircraft’s final production date is generally considered the milestone separating “newer” used business aircraft from “older” ones.
Magician David Copperfield is the highest-grossing solo entertainer in history, with upwards of $4 billion in ticket sales. In collaboration with Francis Ford Coppola, he performed Dreams & Nightmares in 1996, which still retains the Broadway record for most tickets sold in a week. He has won 21 Emmy Awards and holds 11 Guinness World Records. His chiseled face adorns postage stamps in six countries.
There aren’t many small towns that exude the culture and elegance of an urbane city. Perhaps that’s why people flock to downtown Naples, on the Gulf Coast of southwest Florida. Fifth Avenue there is rightly famous for its bistros, high-end clothing and jewelry shops and casually upscale lifestyle. Yet the area’s appeal is also because of what lies immediately beyond and around it: a golf-rich region, with low-lying courses set against a backdrop of untouched native habitats and wetland preserves.
Which of the major bizav access models—charter, jet card or fractional ownership—best suits you? To begin to answer that question, determine which of the statements below apply to you. If more than half of the statements for an access option apply, it could be a good choice. Note, though, that not all statements carry equal weight; the hours you fly annually can trump other factors in determining whether a solution is appropriate.
“What we need to do is always lean into the future. When the world changes around you and when it changes against you—what used to be a tail wind is now a head wind—you have to lean into that and figure out what to do because complaining isn’t a strategy. ”