Buy a private jet if you fly 150-200+ hours yearly. Below that, charter or rent instead. Ownership gives executives privacy for sensitive talks and the freedom to leave whenever you want without connections.
Hey Steve, when do I know it's the right time to actually buy a private jet?
After you know you need an airplane, the question is, is how much do you need the airplane? If you only need to use an airplane 50 or 100 hours a year, you probably shouldn't own a jet. You probably want to rent, charter an airplane, or buy a fraction of an airplane. But if you get over 150 or over 200 hours a year, then you have really a need to own a jet from a logistical standpoint. The kind of person that's flying on the corporate jet usually is running a big corporation. They need the privacy to be able to talk to the people on the ground or the people that are flying with them. You cannot get this on a commercial airplane. So when you're flying on a private jet, you have that privacy. It's something that is just incomparable to on a commercial jet. And the last point is flexibility. A corporate executive has to change their plans usually on a moment's notice. And the fact of the matter is, when you have a corporate jet, you don't have to make connections. You go when you want to go, where you want to go. You cannot beat that flexibility. So if you want to learn more about the world of corporate jets, make sure you follow.
Steve Varsano has a webinar where he discusses the average age of private jet buyers now🛩️👀
Steve Varsano explains the differences between a private jet and a commercial airline🛩️👀
