Bizav Basics

July 26, 2015
A charter or fractional provider's insurance can cause problems for customers. (Illustration: John Lewis)
If you’re a charter customer or fractional owner, your net worth may well exceed that of your flight provider. That would make you the deep pocket with the most to lose in an accident, yet you have no role in selecting the provider’s insurer or drafting its coverage terms. So how can you protect yourself? By performing the most dreaded task in all of aviation—reading the insurance policy—and by keeping these tips in mind:
July 19, 2015
Travelers who want to fly privately but can’t or don’t want to opt for full aircraft ownership have typically enjoyed three options: charter, jet cards and fractional shares. Choosing among them can be challenging, and now you have other alternatives to ponder as well, including lease arrangements, membership clubs and purchase-support programs. Let’s look at the pros and cons of each of these options.
April 2, 2015
Embraer Phenom 100
Manufacturers are offering to help you sell your old airplane when you purchase a new one. Should you let them?
February 11, 2015
Owner-approval issues can destroy a aircraft broker-client relationship. (Photo: Fotolia)
The owner-approval process can nix your charter booking—even at the last minute.
August 4, 2014
Happy Jet Illustration: John Lewis
When you’re buying a jet, months of work culminate the moment you sign the papers. You’re finished with research, analysis, due diligence and inspections. You’ve had the last of your consultations with brokers, attorneys, accountants, pilots and mechanics. The marathon has been run and now you can reap the rewards.
July 22, 2014
Which of the major bizav access models—charter, jet card or fractional ownership—best suits you? To begin to answer that question, determine which of the statements below apply to you. If more than half of the statements for an access option apply, it could be a good choice. Note, though, that not all statements carry equal weight; the hours you fly annually can trump other factors in determining whether a solution is appropriate.
July 20, 2014
Given the complexity of the deal and the money at stake, making a business aircraft change hands can seem almost like an act of magic. And as in Disney’s The Sorcerer’s Apprentice, acts of this sort are best left to professionals—specifically, aircraft brokers and their teams.
July 10, 2014
Dassault Falcon 7X
As soon as its first owner departs from the manufacturer’s delivery center, a new airplane technically becomes used (or preowned). For various reasons, however, 10 years after an aircraft’s final production date is generally considered the ­milestone separating “newer” used business aircraft from “older” ones.
July 9, 2014
Daher-Socata TBM 850
Here’s a look at the world’s leading business jet manufacturers and their current and upcoming models.
July 7, 2014
A flight attendant welcomes VistaJet client Frank McCourt, chairman and CEO of McCourt Global, aboard a Bombardier Global 6000 (Photo: Mark Wagner)
Given the amount of money involved, picking the right way to employ business aviation is one of the most critical financial decisions you can face. Unless you’re buying a whole aircraft, the first choice you have to make is what access model would best suit your needs, be it a fractional share, a jet card or traditional charter. Then you need to decide which company or companies to use.

Pages

Related Channels

 

Quote/Unquote

““When I made the film The Invention of Lying, they gave me a private jet for getting back and forth between New York and London. I thought, ‘I will never use it’ but I ended up using it every weekend. You turn up, right, and the airport is completely empty. I mean, there’s just someone at the desk and then the pilot, who says, ‘Are you ready to go?’ and you say, ‘Don’t you want to see my passport?’ and he goes, ‘Oh yeah, I suppose I’d better.’” ”

-—actor and comedian Ricky Gervais