I hope own something like a G150 or G200 one day, but always wondered what goes into it. Airport storage? Insurance? Fuel? I hope not to look like a complete noob, but guess what I am haha :laugh:
What goes into owning an aircraft?
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unitix
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...and you lived to tell about it? :lol:
The only thing you have to watch for in the R22 is you can't get into a negative-G situation (ie. push the T-bar abruptly) or you'd get mast bumping, followed by disintegration of parts in the air =)
But the joy of hovering inches off the ground while busy manipulating the 3 input - priceless!
But the joy of hovering inches off the ground while busy manipulating the 3 input - priceless!
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Hahaha truth has been spoken. Back in the day my grandpa went to buy a Robinson to survey land for his lumber business. They told him if they didn't go through their in-house training program and devote at least an hour or two to flying it every day, they wouldn't sell him one because he would kill himself.
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There is some great information posted here. I found it interesting that the OP wasn't concerned with the costs of owning the aircraft which is often a good reason people lose their aircraft/autos/homes. Rule of thumb is that just because you can afford to buy it, doesn't mean you can afford to keep it. And that is what is important.
Some aircraft cost as much as $3k - $6K an HOUR to operate in the air. Something to seriously consider.
I am wondering what the thoughts are on our article about this very subject. The Smart Way To Buy A Private JetFASTLANE Lifestyle Magazine | FASTLANE Lifestyle Magazine
There is so much expense that goes into owning a private jet, people are often better off just hiring them as needed otherwise a jet isn't much more than a hole in the sky you throw money into.
Some aircraft cost as much as $3k - $6K an HOUR to operate in the air. Something to seriously consider.
I am wondering what the thoughts are on our article about this very subject. The Smart Way To Buy A Private JetFASTLANE Lifestyle Magazine | FASTLANE Lifestyle Magazine
There is so much expense that goes into owning a private jet, people are often better off just hiring them as needed otherwise a jet isn't much more than a hole in the sky you throw money into.
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For a lot of people, "hiring" is the best thing to do. Unless of course they go over the 75-100 hrs per year mark, in which case owning makes more sense.
At 100 hrs/yr, we're only talking about 8 hrs a month or so. That could easily be a 4-hour oneway trip plus return. Whether it's for business people getting to meetings, athletes getting to sporting events, etc, there are indeed great reasons to own. Especially if these meetings etc generate revenue on their own and add to the top line.
At 100 hrs/yr, we're only talking about 8 hrs a month or so. That could easily be a 4-hour oneway trip plus return. Whether it's for business people getting to meetings, athletes getting to sporting events, etc, there are indeed great reasons to own. Especially if these meetings etc generate revenue on their own and add to the top line.
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Robinson's are safe helicopters to operate. You just have to be a proficient pilot.
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Gonna have to say you'll need to be spending a lot more time in the air than that to justify ownership of a jet. At that rate it costs way too much money to own, as in it's a waste. It's cheaper to fly from NYC to LA every week 1st class than owning a plane. Granted if you have a couple billion floating around with more coming then sure. It's like owning a weekend car.
I did some math in post #15 behind the 75-100 hrs/yr. This is for used jets.
Comparing flying first class to private aviation is apples to oranges, not to mention "first class" in the domestic routes is really business class amenities on the international routes. Private aviation gives you access to a lot more airports (eg. Teterboro in NJ), and you can show up 10 minutes prior to with little to no security checks. Also you can be a lot more productive on a private flight with privacy.
Comparing flying first class to private aviation is apples to oranges, not to mention "first class" in the domestic routes is really business class amenities on the international routes. Private aviation gives you access to a lot more airports (eg. Teterboro in NJ), and you can show up 10 minutes prior to with little to no security checks. Also you can be a lot more productive on a private flight with privacy.
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You've apparently missed the entire point. Was talking about the only thing that really matters and that's COST. Used Jet or New; it doesn't matter. It's still cheaper to hire, or just fly first class if all you're flying is 100hrs a year. As I said. That's one round trip to New York From LA a month. When you factor in Maintenance, storage, insurance, flight crew, fuel etc... you're a fool if you're owning a jet for only 100 hours a year. I don't know anyone who does that.
I have a friend who lives in Tahoe. He bought a Citation X because his kids live in Miami and he flies them to him every weekend, and at least twice a month he flies to them, plus business trips and other pleasure trips makes it worth it to him to own. For 100 hours a year? Waste of money regardless of the perks.
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Citation X..... *drool*
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It is a phenomenal aircraft. And fast as hell as I'm sure you already know.
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You'll be drooling when you see that fuel bill, too, because your jaw will be permanently affixed to the floor. You can find used ones for $3-4M all day for that very reason.
All that aside, I would own one given the chance. The new Citation "Ten" looks even more incredible
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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!
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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
![Image]()
(my current background pic on my nexus)
![Image]()
(bigger version)
http://i.imgur.com/Jqtjo5O.jpg
Just imagine....
![Image]()
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....
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1,514 Posts
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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This was my FB cover photo for a while. Love this picture!![Image]()
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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.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
![Image]()
(my current background pic on my nexus)
![Image]()
(bigger version)
http://i.imgur.com/Jqtjo5O.jpg
Just imagine....
![Image]()
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!
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