Buying a private jet not only involves a considerable investment but also a variety of legal requirements. In this post, we provide answers to the most important questions regarding the purchase of a jet. It is very important to secure the support of an experienced advisor familiar with regulations and fiscal aspects.
When is it worthwhile to buy a private jet?
In general, buying a private jet might be worthwhile when you fly approximately 300 hours annually. However there are many factors influencing this decision. Next to the financial aspects questions of the number of passengers, travel habits and the most often visited destinations belong to it.
How much does a private jet cost?
This question is as individual as asking what a car costs.
Size, equipment, performance, new or used? Everything plays a role. Is it the small and second-hand jet for 1.1 million or the new long range jet for over 50 million? The currently most expensive private aircraft is about US$ 500 million. The sky is the limit!
Maybe you consider chartering your jet to third parties when the aircraft is not in use? We are happy to provide you with a detailed market analysis evaluating the potential of chartering the aircraft out and the expected income versus your operational costs.
What regulations must I observe?
Aircraft search and identification, sales negotiations, technical take-over and aircraft registration are important formalities with many details to consider. As with almost everything related to your private jet an experienced operator is a great help to meet and monitor all the regulations on the minefield of paragraphs.
Another challenge are the diverse and increasingly complex tax laws in Europe. Every aircraft that flies into and within the European Union must be imported into the EU, at the owner’s expense. However, there are possibilities to legally, together with your operator, optimize taxes and fees.
Is it possible to finance the purchase of a private jet?
Yes, it is – and a common procedure for larger jets. There are around a dozen institutes that offer professional aircraft financing, with options that range from customer financing to asset-based financing.
As your operator we are more than happy to help with useful information and leads.
The most important factor is a good operator
Finding the right operator is just as important as choosing the right private jet. We recommend that you get offers from several operators and compare them.