Tag Archives: private hangars

Fractional Jet Ownership

12 September 2023   General

Perhaps you’ve always dreamed of owning a private jet, but the reality is it’s simply too expensive. For the vast majority of people the cost of owning a private jet is prohibitive, but that doesn’t mean your dream has to be out of reach. Things like fractional jet ownership, private jet charters, and private jet memberships are becoming more popular as people realize that they can use private jets without paying the full cost to own one. 

Fractional Jet Ownership

Similar to shared ownership for a home, fractional jet ownership is an arrangement created by several people who agree to share the costs of owning, operating, and maintaining an aircraft. Rather than singular ownership where the aircraft sits in storage for months on end, pitching in and sharing with a group makes it more affordable and also ensures the aircraft is used more frequently. It’s a great solution for everyone. 

Cost & Flight Time

Each fractional owner will have a specified number of hours that they can use the aircraft either each month or each year. If everyone owns equal shares in the aircraft then the hours will be split evenly. However, if someone purchases more shares than the other owners, they may be granted more hours due to them owning a larger percentage of the aircraft. 

The typical costs include:

  • The capital or acquisition fee
  • Monthly maintenance fee
  • Occupied hour fee
  • Other associated costs, like a monthly management or storage fee

The costs depend on what type of aircraft you want to jointly own, so please contact our team who can help you understand which costs are associated with which aircraft. 

Benefits

  • Privacy and convenience: Flying via commercial airports is stressful and you’re often subjected to cancellations and delays. Fractional jet ownership allows you to enjoy the privacy and convenience of flying private without being responsible for the full cost. 
  • Flexible availability: Last-minute change of plans or taking a trip with short notice won’t be a problem when you jointly own an aircraft. Buying a plane ticket at short notice isn’t always guaranteed because of availability, and last-minute tickets for commercial flights are extremely pricey. 
  • Tax deductions: When you own an aircraft, even if you own it jointly, you might be able to claim depreciation deductions on your federal tax return.

Alternative options

Chartering: Private jet charter is always an option, and while it may cost you more upfront, you won’t incur any of the costs associated with being a fractional aircraft owner. You can charter a private jet through a broker or contact us to learn more. 

Private jet memberships: A private jet membership allows people to access private jets by paying a monthly membership fee. If you fly often but don’t want to purchase shares of an aircraft, a private jet membership is an ideal option for you. 

For more information about fractional jet ownership, or if you have any questions, please contact our team at Monmouth Jet Center today. Discover why so many people come to us when they have questions about sharing the cost of a private jet. We look forward to hearing from you.

The Best Places To Visit In New Jersey: Explore New Jersey with Monmouth

5 September 2023   Monmouth Jet Center

If you’re planning a visit to New Jersey or the surrounding areas, Monmouth Jet Center is the ideal airport, offering convenience, reliability, and first-class service to all passengers. With so many wonderful places to visit in and around New Jersey, why not take advantage of our regional airport and everything it has to offer? 

The Jersey Shore: Atlantic City, Asbury Park, Cape May

Famous for its boardwalks and miles of beautiful beaches, the Jersey Shore is a popular vacation destination for families, friends, and solo travelers. Some of the most popular Jersey Shore destinations include:

Atlantic City: For those who want to hit the casinos and try their luck with gambling, Atlantic City has so much to offer. We recommend you also visit the Atlantic City Aquarium and enjoy the many waterfront dining and shopping spots. 

Asbury Park: A cute beachfront city with boardwalks, arcades, cafes, and more, Asbury Park is where you’ll find one of the best beaches in the state. 

Cape May: Located at the southern tip of New Jersey’s Cape May Peninsula, this city has a seaside resort and is known for its grand Victorian homes. You can enjoy great views across the Delaware Bay and the Atlantic Ocean from the Cape May Lighthouse. 

Block Island

Located just south of mainland Rhode Island, Block Island is a short journey from New Jersey, and it’s a popular weekend getaway spot where you can enjoy the dramatic cliffs, rocky beaches, and historic lighthouse. Outdoor enthusiasts will feel right at home on Block Island with snorkeling, bike riding, bird watching, sailing, kayaking, fishing, and swimming. 

NYC or Philadelphia

Monmouth Jet Center is conveniently located a short distance away from both New York City and Philadelphia. So whether you want to pop over to NYC for a day to see a show or do some shopping, or visit Philadelphia and take in the city’s fascinating history, both are made easy when you fly through Monmouth. 

Day Visits to New Jersey

Perhaps you live on the east coast and want to take a quick trip to New Jersey for the day. Instead of flying into Newark discover how convenient it is to fly into Monmouth Jet Center. No matter your final destination, we will help you arrange transport and ensure you get where you need to go. Don’t risk delays, cancellations, and other stresses that come from flying into larger commercial airports. Traveling should be fun and convenient, and that’s what you’ll find when you fly to Monmouth!

For more information about how you can utilize Monmouth Jet Center to explore New Jersey and the surrounding areas, or if you have any questions, please contact our team today. Discover why so many people choose us as their preferred airport when visiting New Jersey. We look forward to hearing from you.

Hangar Safety: Best Practices for Preventing Accidents and Damage

6 June 2023   Around the Airport Hangar Space

Do you have an aircraft hangar safety checklist? This checklist is essential for every aircraft hangar because keeping your staff and your equipment safe should be top priority at all times. Aircraft hangar operations can be challenging and as a hangar owner or operator it’s your responsibility to put in place practices that prevent accidents and damage. Here are some ways to enforce safety in your hangar space, compiled by our aircraft maintenance team in NJ. 

Establish An Emergency Evacuation Plan

All of your hangars should have emergency evacuation plans in place. It may seem like common sense if the exits are clearly marked, but in a real emergency people sometimes panic or freeze – which can have disastrous consequences. You need to practice your emergency evacuation plan on a regular basis so it becomes ingrained in everyone’ s minds, that way if a real emergency happens it will be easier for muscle memory to kick in. 

Personal Protection Equipment (PPE) 

You should have enough PPE for all staff members plus extra for any passengers who might be on site. PPE includes items like hearing protection, eye  protection, gloves, protective footwear, and high-visibility vests. We also recommend having non-slip footwear available. 

All PPE should be in easy-to-reach locations in each hangar so people are able to quickly grab it in an emergency. Your staff may want to wear certain PPE at all times, like hearing protection, because the inside of an aircraft hangar can get very loud.

Fire Protection

Aircraft hangars often house highly flammable materials and liquids, and when you combine that with various electrical outlets, the risk of a fire becomes very real. That being said, here’s the fire protection you need in your hangar:

  • The correct number of fire extinguishers for the size of your hangar
  • Fire extinguishers that are the correct size and classification
  • A record of all fire extinguisher inspections, displayed in a visible location
  • Train all employees on how to use the fire extinguishers, and conduct the training once a year

Fall Protection

People who work in hangars run a real risk of falling because they’re climbing on tall lifts and scaffolding multiple times throughout the day. The wings of some jets are equally as tall as a two-story building, so you can imagine the severity of injuries that could occur if someone was to fall. Comprehensive fall protection includes regular inspections of the lifts and scaffolding to ensure they’re in proper working order – the brakes must be checked, and so must the railings. You should also provide staff with slip-resistant footwear to reduce the likelihood that they’ll slip and fall while up on a lift or a piece of scaffolding. 

A Lounge Area

If an accident occurs, you need a place for everyone else to wait while the emergency services are attending to the people in need. Having a well-kept lounge area is about more than simple comfort, it’s about giving people space to breathe and decompress after something traumatic happens. Your lounge should have comfortable seating, WiFi, and a light selection of food and drinks. 

For more information about developing a thorough aircraft hangar safety checklist, please contact our team at Monmouth Jet Center today and visit our website at: https://monmouthjetcenter.com