For many people, the idea of flying privately sounds like an impossible luxury. But the truth is there are several far less expensive ways to enjoy the luxury of a private jet – such as chartering a flight for a specific trip, purchasing partial ownership in a jet or buying a private flight club membership.
The first thing to consider is how much you’ll use the plane and what kind of trip you need. If you need to fly for just a few hours, an on-demand charter with an app such as XO would likely be the most cost-effective option. Then you’ll need to decide how large a jet you need based on the number of passengers and destination.
The Benefits of Flying in Private Jets: Time, Comfort, and Privacy
TimeFlys Private Jets are ideal for regional travel. They typically seat between five and ten people, and have luggage capacities of up to 65 cu. ft. Mid-size jets offer greater space and a longer range and can fit up to 150 cu. ft of luggage, with seating options for work or relaxation during the flight. Super mid-size jets are a great choice for long-range intercontinental flights and short international legs.
For those who want to invest in a jet, the most cost-effective way is by purchasing a fractional share, which is similar to a timeshare in real estate. A full-size jet such as a Gulfstream G650 or Bombardier Global 6500 can cost $15 million or more to purchase. But once you’ve made the investment, the jet will hold its value and can be used for years to come.