The 50 hour guideline for flying private.
What a crazy week we just went through. A rare November hurricane, Hurricane Nicole, ripped through central Florida and its Atlantic coast causing more damage to a state still in the throws of recovering from the devastation hurricane Ian caused. The dramatic midterm election has kept politicians spinning their defeats while we ponder the ramifications. The good news of a cooling economy CPI figure led to a nice market rally only to see the crypto world implode via the newly announced bankruptcy at FTX. The FTX sponsorship sign on the crown of the Miami Heat arena came down faster than its creator fled the Bahamas, supposedly in a private jet.
Well luckily in the private aviation world this all disappears as soon as we hear the familiar whirr of the Jet engines that help us leave it all behind as we depart for our next adventure. This week we will discuss The 50 Hour Guideline. If you feel you will prefer or have the need to fly private, it is important to take a look at how many hours per year you are likely to fly. If you plan to fly more than 50 hours per year you may want to look into either owning a jet or, more likely, investing in a fractional ownership of a jet. If you plan to fly fewer than the 50 hour guideline, then the world of private air charter and the many features it offers will be the optimal choice.
I define the big players in private air charter industry as companies owning and operating 80 or more planes on their respective books. Many of these (8 companies by my last count), are the ones you are probably most familiar with and see advertised all the time. Some are public companies, some plan to be public companies, and the rest are still private. They all typically have ever-changing flight memberships like jet cards that usually park your dollars towards future private flights. Perks vary, and hourly rates are for the most part, subject to change. The most important decision for you is to choose the right tool for your flight missions. Many of you are new this type of travel and are being propelled into it by our recent Covid-19 pandemic. The good news is you have many options to find the right company to do business with. Some companies are charter brokers, and some are charter providers with very big operations using their own planes.
A company like ours specializes in what is called an empty leg. These are the one-way flights many operators list for sale with a specific plane travelling between two specific locations and are often at a discounted price. The better companies, like ours of course, have contacts and relationships with many of these private air charter operators so we can string together one-ways to give you roundtrip capability, or accomplish multi-leg missions. Many times we utilize both for these multi-legs, so we can save you money with an empty leg or two combined with a regular air charter agreement to get the job done.
The good news is when you charter a plane you can decide the schedule, who travels with you, and where you are flying to. There are more than 5000 public use airports in the United States compared to only about 500 commercial, giving you greater flexibility in your travels. Then you decide if you want to work directly with an operator which can be limiting since it will depend on the size of their fleet, the size of the planes they have, and their typical destinations. The good thing is that these companies will be operating under the FAA Part 135a rules as we discussed in prior posts. There are also a lot of brokers that work as the middleman to get you flights. Some of these are quite large and prefer not to own their own planes. They will instead have affiliate programs with multiple 135a operators, which will give you more options than with stand alone charter operators. Our company acts more like a client representative or advocate, helping you manage all your private aviation needs. Although we have our contact list of preferred operators, we keep your options open to provide the best price-value ratio we can find. We do all this while keeping your anonymity to make sure the operators don’t price based on your financial status or fame.
There are many types of aircraft to choose from and we will discuss them more later. Often the aircraft decision will be based on the distance of the flight and the number in your travel party. Some shorter flights can be easily accommodated by a prop plane such as a King Air, but some clients tell us that isn’t the way they think of private air charter telling us props are for boats. We try to keep an open mind, and make suggestions of all suitable craft so you can decide how to spend your hard-earned money.
The industry is a bit complex and, quite frankly, there are many options to choose from when it comes to your private jet provider. You have the smaller firms pushing Jet Cards, and bigger ones touting special memberships. Some are good and some are bad, but the one thing I can say for sure is that whatever type of offer you choose you can expect it to change often. We often see hourly rates go up, or changes in the amount of taxi times, or lately the dreaded fuel surcharges being added. For the most part, you just need some good advice and help along the way to navigate these turbulent waves. Once you find that person or company you can really start to enjoy private jet travel.
We rely on our flyer profiles to know who you are and what you do in life. We make sure we fully understand the type of private air travel you need and whether its for business or pleasure or a little of both. Pricing can be quite the shock for the first timer. Many think for a couple of bucks more I can move from flying business or first class to flying private. Some want to just buy the seat in a private plane with others looking to do the same. That has some advantages in price, but its far from being private. We feel its all relative and sometimes you have to put the price into perspective for the clients. The most important thing is to build a good synergy with the company or person handling these flights and inquires for you. The relationship you build can save you thousands if not hundreds of thousands of dollars annually.
We will broadly step into the common aircraft types and what missions they’re best suited for in next weeks post. Then in future posts you can expect to see some detailed aircraft reviews and outlooks as the industry changes.
Until then, Be Social, Fly Private! Sign Up Today!
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