What goes into owning an aircraft? - Reply to Topic

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Topic Review (Newest First)

  • 09-23-2014, 05:57 AM
    t0pgear
    pretty crazy, right now VistaJet (Private Jet Charter | Private Jet | Jet Charter | Air Charter | Learjet Charter | Luxury Aviation | Private Jet Partnership | Private Jet Ownership | Executive Jet Charter from VistaJet) is absolutely crushing the Charter game because they guarantee a new aircraft, with a new, well styled cabin, expert crew (including flight attendants on every flight), premium catering, and access to almost anywhere in the world. As a result I heard they charge like $12-$13k+ an hour (starting price) for their charters. Crazy thing is they can barely keep up with demand, and if you think about it, it's still worth it. When you consider having all of those amenities on your own plane, costs add up REAL quick.
  • 09-23-2014, 04:54 AM
    tommywcom
    Sounds about right. When I bought my twin-engine prop plane (Piper Seneca), it was going for less than 1/2 of what's on the market. I ended up putting in close to twice the purchase price to get it to flying condition. It was all priced in though when I decided on that particular plane so it was not a surprise.

    What I ended up with after everything was said and done was a plane with 125 hr engines SMOH and props with 0 hr SMOH. The same plane would be worth about exactly what I had in it or slightly less. The difference is I got to choose my own interior, avionics, etc.
  • 09-23-2014, 04:37 AM
    t0pgear
    Quote Originally Posted by Brockbo95 View Post
    1982 Gulfstream G-III Christchurch UK - JamesEdition.com

    Planes been listed for a few months and I always say to myself "I hope a deal like this comes around again" if im ever in the position to buy a jet.
    Any reason its priced so low? It just doesn't make sense to me then again I know nothing private jets.
    I am not expert, but Looks like both engines are due for an overhaul. That, factored in with maintenance, in the first year you will likely spend $1-2 Million on this aircraft. Not including all the legal fees of setup and pilot, crew, storage, etc. Fuel burn is also incredibly high on these aircraft. On the + side, looks like all the work on this bird was done by Duncan Aviation, one of the best in the biz.
  • 09-23-2014, 03:54 AM
    LaneChange
    Quote Originally Posted by Brockbo95 View Post
    1982 Gulfstream G-III Christchurch UK - JamesEdition.com

    Planes been listed for a few months and I always say to myself "I hope a deal like this comes around again" if im ever in the position to buy a jet.
    Any reason its priced so low? It just doesn't make sense to me then again I know nothing private jets.
    Not too bad for an older plane. Avionics and the cabin have been kept up-to-date.
    I personally want a Learjet 35 or 36 someday.

    Attachment 143577
  • 09-23-2014, 03:36 AM
    Brockbo95
    1982 Gulfstream G-III Christchurch UK - JamesEdition.com

    Planes been listed for a few months and I always say to myself "I hope a deal like this comes around again" if im ever in the position to buy a jet.
    Any reason its priced so low? It just doesn't make sense to me then again I know nothing private jets.
  • 02-19-2014, 11:06 PM
    Mgent
    It doesn't make any sense to compare commercial flight travel to private flight travel, whether on economic or experience terms... Only the biggest companies - fortune 100/200 size could ever justify on the economics, as usage is high, speed and flexibility is important, and the people traveling on them are really highly paid... Anyone else isn't making the decision to fly private (card or ownership) based on economics, but based solely on convenience, privacy, etc...

    Our company has 2 planes and a flight department with 15ish people and we had to get a net jet contract to cover overflow when planes weren't available, and used 150ish hrs on it last year... They get used a lot, and are an asset, making it really easy to justify the cost of ownership...

    We bought a card to use outside of the company planes, and determined it's about lifestyle not economics... The analysis we did was on a card for the Ultra XLS and another on a Sovereign... It was cheaper to fly the entire family 8-10 people first class, round-trip, for every trip than the card...
  • 01-28-2014, 10:23 PM
    FASTLANE Mag
    Quote Originally Posted by Flyinglakland View Post
    I was just watching Citation videos earlier yesteday and ran across a video explaining that the new winglets that can be purchased for the X and that they can be installed for a whopping $600k!!!

    IMO it would be worth it because damn.... haha

    (my current background pic on my nexus)

    (bigger version)
    http://i.imgur.com/Jqtjo5O.jpg

    Just imagine....
    They are VERY nice for sure. But truth be told we only fly the X when it's a short LA - San Francisco/Vegas trip or maybe to Seattle every once in a while. But to NYC or Florida etc our money is on The Gulfstream G650. A lot more comfortable and less cramped for longer flights.

    The CX is more like the sports car of the aviation world compared to a sedan that the G6 is, still nice and we do love them.

    If you're ever curious about the costs of chartering a private jet from anywhere in the world from your mobile device you should check out the really cool booking app over at JetSmarter If you decide to download it, please use FASTLANE as your invite code.

    It's pretty amusing to see some of the prices and can really provide perspective!
  • 01-25-2014, 06:25 AM
    unitix
    Wow I appreciate everyone who contributed to much info. I learned alot, really. It is clear that chartering is more wise in most situations.
  • 01-23-2014, 02:11 AM
    boostedM
    Quote Originally Posted by Flyinglakland View Post
    This was my FB cover photo for a while. Love this picture!
  • 01-23-2014, 02:10 AM
    boostedM
    Quote Originally Posted by FASTLANE Mag View Post
    Well that's the case with ANY aircraft. The fuel bills are huge, which is one of the many reasons if you're only flying 100hr a YEAR it's silly to own one.

    I tell people all the time. Just because you can afford to BUY it, doesn't mean you can afford to KEEP it!
    Obviously. I'm speaking relatively. Even for jet world, Citation X is high. Looking at $1800-$2000/hour. Once again, why they are so cheap on the secondary market. Not many people want to spend $20M+ on such a tight cabin gas guzzler
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