THINGS TO CONSIDER WHEN PURCHASING A PRIVATE JET
It’s no surprise that private jets can be seen and heard flying into and out of the Naples area on a daily basis, as Naples is one of the wealthiest U.S. waterfront cities. Naples jet owners thrive on the benefits of owning a jet - flexibility, a life of leisure, access to private airports, and, of course, the ability to return to sunny Naples, Florida as quickly as possible. When investing in a jet, though, there are few things to take into consideration:
As purchasing a private jet is an extremely expensive investment, there are many factors to consider. Clearly, there is the original purchase price, which can range between $3 million to $90 million for a new jet, depending on the size and type, but there are also many other costs to consider: fuel, pilots, insurance, catering, maintenance, and management. It has been estimated that these additional annual costs can range between $100,000 and $200,000. Research has shown that a jet owner needs to fly at least 350-400 hours per year to make the purchase a worthwhile investment.
Will you contain your travel to the United States, or will you make flights overseas? If you plan to travel only within the U.S., your jet will most likely require a flying range of under 6,000 kilometers. If your trips surpass 6,000 kilometers, you may need to consider a jet with a range capacity between 9,000 and 12,000 kilometers.
Consider who will be flying on your jet. Will you be using the jet solely for business, leisure, or both? How many passengers would you like your cabin to accommodate? Will you charter your jet in order to compensate for the enormity of the investment price? Ask yourself what you expect from your investment and how it can benefit you.
Once you’ve set your mind on purchasing a jet, an aircraft management company can assist you with your budget. They will help you calculate the operating costs, find the perfect plane for your needs, and recommend a broker who can negotiate the best price and close your deal.
If the jet-set lifestyle is leading you to Naples, a town renowned for luxury and leisure, please contact Gulf Coast International Properties today. It would be a joy to participate in your real estate journey.