When you introduce jet ownership vs. chartering as a conversational topic, there are going to be differing views. Some individuals prefer the control offered by private jet ownership, while others choose the convenience of chartering. We welcome all private jets at Monmouth Jet Center, whether owned by charter companies, corporations, or private individuals. If you are unsure which option is best for your travel needs, we offer the following thoughts:
1. Cost Considerations: Initial Investment and Ongoing Expenses
The cost of private jet ownership is high, and the initial investment can run into millions of dollars depending on the type of jet you want, its features, capabilities, condition, and age. Then there are ongoing aviation-related expenses such as hangar space rental, inspections, fuel, maintenance, staffing, and more. If you decide to charter your plane out to recoup costs, you need to pay a management company to manage the process for you.
Depending on how often you fly, chartering a private jet can be a cost-effective option that can cost anywhere from $3,500 to $18,000 per hour depending on where you’re going, and the type of aircraft and crew required. This is ideal for anyone flying once and a while, that wants to avoid all the costs that come with Jet ownership.
2. Flexibility and Convenience: Availability and Scheduling
Private jet ownership costs might be counterbalanced by the convenience of travelling at your will. Although charter companies try to accommodate their client’s preferences, it doesn’t allow for the same conveniences as ownership. You might have to fly to your destination on a smaller private jet or at a time that does not fit your preferred schedule.
3. Maintenance and Management Responsibilities
Private jet ownership does come with management responsibilities. If you are able, you can hire a private aircraft management company that will handle all the essentials for you. If outsourcing the management is not an option you will have to handle all maintenance and management yourself, which can be timely and costly. When chartering a private jet from a reliable company, all you have to do is enjoy the flight.
4. Privacy and Customization
The privacy offered by jet ownership is often non-negotiable for celebrities and other VIPs. With private jet chartering services, you might have to share the cabin with others unless you pay for the privilege of flying alone. We take privacy very seriously at Monmouth Jet Centre and practice comprehensive access control. If you own a private jet you can customise it however you want, if you travel mostly for business you could include a workspace.
Accessibility to a Diverse Fleet and Destinations
One of the benefits chartering has over private jet ownership is accessibility to a diverse fleet. You can charter a small single-engine jet for a weekend in Cape Cod or a larger private jet for a luxurious skiing holiday anywhere in the world. Although the destinations to which a privately owned jet can travel are only restricted by its range and fuel capacity, landing at small airports might be problematic.
We want to be your airport of choice, whatever you decide regarding jet ownership vs chartering. If you have any questions, please contact our team at Monmouth Jet Center today. We look forward to hearing from you.