How To Get The Most Out Of Corporate Jet Travel

Corporate jet travel is a growing market, not just in North America but throughout the world. The integration of the European Union has increased the amount of long distance business travel in that area, and the emerging Far Eastern markets are also growing quickly. The market is growing across all of the private business jet market, from the large jets which are based on the designs of major commercial aircraft to the very light aircraft which are becoming increasingly popular. These are increasingly used by wealthy individuals, as well as being the staple of the air taxi industry.

The majority of private charter jets are somewhere in a middle range, because a very light aircraft puts strict limits on the number of executives who can travel at any given time. Very few corporations can really afford to buy one of the heavy jets, but uncertainty as to the number of executives who will travel usually means that buyers want something in the middle range. Having the capacity available gives you freedom and flexibility even if it is not going to be used that often.

There are some corporations who decide to take the uncertainty out of the corporate jet charter market by buying outright. This obviously puts the full burden of maintenance and repair upon the buying corporation, although the risks of early breakdown can be defrayed through insurance. Before you can even think about buying, you need to be sure that your demand for the service will be constant enough to justify this. You also need to have a clearly defined idea of how many executives will be traveling on a consistent basis.

One option which is becoming increasingly popular with corporations who cannot justify the expense of owning an aircraft outright is fractional jet ownership. This will cut your expenses in half at the very least, depending on how many corporations sign up to the agreement. The agreement is likely to work well if you can find a good match between corporations. You need to find a partner corporation which needs executives to travel at a fundamentally different time from yours. There will almost certainly still be occasional times when there will be a conflict of interest, but you can always charter a plane to cover these.

If even shared ownership is too much of a commitment for you, you will need to get the best deal you can from corporate jet travel brokers. These help to put the owners of business jet aircraft in touch with the people who want to hire them, and make a commission from both parties. They can get you the best deal because they are constantly aware of the availability of certain aircraft. On top of this, they can arrange the other details of your business trip. You will get your accommodation and transfers booked as well as your corporate jet travel.







 

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