For some, owning a luxury jet might seem like an unrealistic dream.
However, anything is possible if you put your mind to it and want it enough. They’re increasingly popular amongst celebrities for plenty of reasons. Even still, every day people own them too. Let’s take a look at everything you need to consider with luxury jets.
What is a Luxury Jet, and What Features Can You Expect?
A jet is a mode of aircraft to transport a small group of people through the air. A luxury jet is a more sophisticated, stylish version which offers plenty of features and amenities. With innovative design features, luxury jets are becoming more popular as a way for executives and VIP guests to travel around the world.
With recliner-style seats and personal entertainment devices and consoles, luxury jets offer plenty of luxury features. Each passenger has plenty of personal space to stretch their legs, as well as comfortably store any luggage. Unlike traditional airplanes which offer overhead storage cabinets, luxury jets make passengers feel more at home when storing their belongings.
The bathroom on luxury jets is are usually equipped with one than one suite to comfortably accommodate multiple passengers. They also feature a shower so you can arrive at your destination fresh and clean. They’re certainly far from basic, and are comfortable, stylish and have everything a home bathroom would offer.
Luxury jets don’t just have comfortable seats for guests, but often dedicated bedrooms for passengers. This is usually on larger jets to help people relax and rest on board. You can expect memory-foam mattresses and king-size beds to help you feel as comfortable as possible.
Time spent in the air can be put towards business and important meetings. Some private jets are equipped with conference facilities and business rooms to ensure executives can stay connected even when in the air. With Wi-Fi access, built-in video and screen systems, everything’s just as possible as on land.
These flying mini-mansions are the perfect way to travel in style. With numerous different sizes and features, you're sure to find something that works for your needs and budgets. And, if all else fails, you can always customize a luxury jet to your liking!
What Are The Advantages of Luxury Jets?
There are plenty of advantages to luxury jets, specifically the features we mentioned above. You get to travel in style, and maybe even more so than if you were at home. Unlike modern airplanes which tend to be basic, luxury jets are designed to focus on style and comfort.
On luxury jets, the experience is more private and confidential. The only people on board are those invited by the main passenger. As a result, you only fly with people you know or invite. This can help to make the flying experience more fun and less intimidating. There’s no awkwardness with other passengers. It also means you can invite other executives to hold conferences whilst in the air. As the experience is more private, you feel more comfortable being yourself. There’s more space to walk around, stretch your legs and even fall asleep on a comfortable bed especially for you.
Using luxury jets is a pleasant and quick routine. One of our favourite advantages is that you get to skip typical lines in the airport and are met by your own pilot. Avoid delays and depart away from commercial airports. As a result, you don’t have to arrive to the airport as early as with traditional airplanes. You are also more likely to depart on time and avoid delays.
You can typically go to places of the world where traditional airplanes can’t reach. In Europe, there are 500 airports for commercial airlines. However, there are 5,000 airports for private aircrafts. That means you can get closer to your destination, and even venture out in new ones. Private jets arrive at small terminals just five minutes before departure, which makes them more flexible.
What Are The Disadvantages of Luxury Jets?
As with everything, there disadvantages to consider. Luxury jets are expensive to own, run or use temporarily. Depending on the company you work with, the price can be 10 times higher than regular plane companies. This makes it almost impossible to afford if you don’t have the spare money to do so. Flying premium is a huge privilege which not everyone gets the chance to do.
Luxury jets tend to follow a strict schedule. They can accommodate take off where you require. However, you can’t usually book last-minute, and have to schedule nearly two months in advance. This is mainly because the jet services have limited options available to people and there simply aren’t as many of them compared to regular airplanes. There are also hefty cancellation fees, and the fines that come with them as usually very high.
Some people own luxury jets, rather than just renting their services. For many, this is a dream come true. However, they are depreciating assets which quickly lose value over time. As a result, they’re not an excellent investment to make, no matter how amazing its condition is.
In fact, many owners often lose money when selling their luxury jets. The market changes very quickly, so even unique models aren’t guaranteed to make you a profit. The actual operating and maintenance costs of owning luxury jets is extremely high. If you don’t plan your finances, you can easily be forced to sell. And as a result, you experience a loss in depreciation.
What Should You Consider Before Buying One?
Owning luxury jets is an amazing experience, and will significantly improve your air experience. However, there are a few things to consider before forking out millions of dollars. The first thing to consider is the price. Depending on the aircraft you choose, they can easily reach into the millions. However, how often will you use the aircraft for this huge spend? If you intend to fly around 400 hours a year, you’ll get your money’s worth.
On the other hand, if you only plan to use your luxury jet every few months for a short-haul flight, you won’t see the benefits of the of the money you’ve spent. In addition to the one-off fee, there are huge operational costs involved in owning luxury jets. Ensure that you speak to an expert before purchasing one to know what you can afford on maintenance.
Ensure you take the luxury jet for a test fly before purchasing. You wouldn’t buy a house without looking in it, so this is the same thing. Many manufacturers are happy to organize demo flights. But, if they’re not, this should raise a big red flag. Make sure you’re happy with the mechanics and interior of the jet before signing on the dotted line. Don’t be afraid to inspect it yourself and ask questions to find out more information.
There are plenty of hidden costs with luxury jets, which aren’t always openly discussed when you begin looking for one. These ongoing costs include fuel, insurance, fuel and pilots. Thankfully, there are plenty of aircraft management companies who can take the weight off of your shoulders. However, they’ll required around $200,000 a year to use their services. Consider if you’d like to outsource, or do the research yourself.
Do You Own a Luxury Jet?
We hope you enjoyed reading everything to know about luxury jets. If you’re considering purchasing a private plane, there are plenty of factors to consider. As well as hidden fees and annual costs, it can be stressful and time-consuming owning a jet. Consider if you know enough about owning one before taking the plunge.
Do you own a luxury jet? If so, we’d love to hear about your advice for others. Share your experience and thoughts in the comments to keep this conversation going.