Four Questions to Ask When Considering a Private Jet
With increased business success comes the ability to purchase additional accommodations that make business more convenient and also more profitable. Many corporations come to a point where it makes financial sense to purchase an executive jet. Although executive private jets can be an expensive cost, they can be more affordable than flying commercial throughout the year. There are a few factors to consider when evaluating the worth of an executive private jet to the business.
How often do you fly commercially?
If you find that you are spending hundreds of thousands of dollars on commercial travel, it might make more sense to purchase an executive private jet. Instead of throwing away hard earned profits to fly on another businesses airline, you could be gaining equity in your own airline. You will also find it to be more convenient, as you no longer have to spend hours upon hours waiting to board your flight. Even with constant first class travel, you can be stuck with delays and cancellations due to poor scheduling or not enough staff for travel.
Do you rely on travel time to complete important work tasks?
If you spend a lot of your work week traveling by commercial airline, it is also likely that you spend a lot of time completing important work tasks at the airport and on the plane. However, many business professionals do not find plane travel to be very productive. Business people flying on commercial airlines reported a 40% drop in productivity, according to a 2009 survey. With an executive private jet, you can control the music, the travel schedule, and even the cabin of the jet. You can create an on flight office environment that works for your exact business needs.
Do you fly other employees and clients?
When you cover commercial travel costs of other employees and clients, you will find that your travel expenses get even higher. With a private jet, you won?t incur any additional costs for extra passengers though. Your charter quote is for the cost of staff, the fuel used, and the cost of the airline. It does not matter how many passengers you have on board. Having control of your own private jet can be very beneficial when it comes to catering to potential new clients or giving business perks to your current employees.
Do you stop at a lot of destinations?
When you fly commercial, you do not have any control over the flight path of the airline. Even if you have to stop in multiple cities along a route, you have to schedule multiple flights. Not only can this be expensive, but it also very inefficient. You waste a lot of time, following other?s travel schedules. When you charter a jet, however, you have complete control over your route.
If you need to stop at one destination along your route, you can do so. If you have ten to twenty destinations you have to visit on one trip, you can also do that. Also, with a chartered flight, air travel is much faster. While commercial jets cruise at 35,000 feet, smaller jets fly higher and don?t have to deal with other air traffic, often making trips faster. You will also find many airports to stop by along your route. The best private jets use a network of more than 5,000 airports in the United States, compared to only 550 used by commercial airlines.
While the cost of a private jet might seem overboard initially, if you factor in the many advantages and cost savings over time, it is actually a great investment. Business owners have more control over their flight schedules, they can be more productive during their flight, and they can spend less on flying commercially so frequently.