Perhaps you own a business jet and have been thinking about making it available for charter. That’s not always a great idea (see below) but if it makes sense for you, it can offer a rather painless way to recoup some operating costs. Here’s how to proceed.
Rather than downplay the HondaJet’s unconventional look, with its over-the-wing engine mount (OTWEM), the manufacturer has chosen to embrace it. The new ad campaign features a series of clever images that suggest the frontal shape of the developmental jet, with appropriately positive connotations. Knowing the history of the HondaJet’s development, I love it.
Your aircraft represents a wonderful business tool but also one of your largest potential exposures to catastrophic loss—one that could wipe out what you have spent years building. The importance of properly insuring against such loss should be obvious. Here’s a look at the most critical coverage types and clauses.
Barbara Barrett, CEO of Montana’s Triple Creek Ranch luxury resort, wears a cowboy hat but also many other hats: former U.S. ambassador to Finland, attorney, graduate school president, pilot, horsewoman, adventurer and astronaut.
Lush turf meets the sparkling sea at the Dominican Republic’s Corales Golf Club.
When you’re buying a jet, months of work culminate the moment you sign the papers. You’re finished with research, analysis, due diligence and inspections. You’ve had the last of your consultations with brokers, attorneys, accountants, pilots and mechanics. The marathon has been run and now you can reap the rewards.
“When you get into the larger aircraft it becomes like a hotel, with dozens of staff supporting the plane based in a galley area down below. You have very comprehensive cooking facilities, and on larger aircraft we have looked at theatres, with spiral staircases and a Steinway grand piano. The limitations for what you can put inside a plane are pretty much the limits of physics, and even money cannot always overcome that. Even so, people are still always trying to push [the limits]. ”