May 22, 2009, Newsletter Issue #124: Dollar for Dollar, Private Plane Ownership Breakdown

Tip of the Week

A private jet could have a cost of around $2 million. Depending on amenities and extras, it could cost around $200,000 annually to operate with a crew, fuel and maintenance. These costs don't even factor in repairs. Also, there are mandatory testing and inspections, which start around $500. Then there’s the costs to operate the jet which can run about $500 an hour. To offset some of these ownership costs, some lease their aircraft out to air charters, but this defeats the point of ownership. The availability of the aircraft is jeopardized and if it is available, it may not be located near you. There are also different stipulations about sole private ownership and air charter service aircraft, which means additional inspections and more money.

If you're not a pilot, the person needed to fly your aircraft will have to be trained. Depending on the aircraft and schooling, such as flight safety, this could run between $5,000 to $10,000. There are also the FAA fees for check rides to get certified and some insurance companies demand a pilot have a certain number of flying hours before they can fly the aircraft.

Going into aircraft ownership requires the expert advice to help guide you through the process and even this can be expensive. But buying the wrong airplane at the wrong price could become something you can’t recover from.

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Exclusive Sponsor

Blue Star Jets Launches First Private Aviation Rewards Program in Industry.

In an attempt to build customer loyalty, Blue Star Jets charter clients and their SkyCard members can now receive points for every trip they book.

SkyCard members are automatically registered in the rewards program when they buy a SkyCard, and receive five points for every dollar they spend. After enrolling, charter customers receive one point for every dollar spent.

Members can then shop on-line for special gifts and merchandise from companies such as Callaway Golf, Movado, Coach, Nautilus Home Gyms, Samsung, and Bang and Olfsen. Over 2,200 high-end, luxury products are offered.

Blue Star Jets plans to add several thousand more options over the next year, from luxury vacations to access to exclusive events taking place around the world.

A reward program is a nice incentive, but there's more to picking a good on-demand charter broker. Helium Report's Decision Guide to Private Jet Travel shows you all the factors to consider - such as safety, call-out periods, crew quality and so on.

Website at:
http://www.BlueStarJets.com