Reasons to Lease a Private Jet Instead of Buying
Private jet travel is one of the most comfortable, convenient and efficient ways to travel, so it comes as no surprise that there were roughly 2.8 million private flights last year. These flights can be tailored to your needs and give you direct access to airports all over the globe. However, if you’ve decided that you want to fly privately, then you’ll need to decide whether you want to lease a private jet or buy one outright.
It’s estimated that around 60% of jets in the world are located in the USA, which are owned by individuals or private jet charter companies and you’ll have the chance to buy or lease when you start travelling this way. That being said, we’re here to tell you why you should consider leasing rather than owning in 2023.
To learn why you should consider leasing, we’ve put together a comprehensive guide below, highlighting the many benefits of doing it and the downsides of owning a private jet outright.
How does leasing a private jet work?
When you lease a flight from a reputable private aviation company, all of your needs should be looked after for your upcoming departure. Leasing usually means signing up as a member and this will give you an agreed-upon amount of flight hours per year.
You’ll then be able to use these hours freely and the cabins can be customized inside to ensure you feel as comfortable as possible when you fly. Flying privately like this will also give you access to far more airports too – including some of the most remote locations. This makes leasing the ideal solution for those wanting a weekend getaway or travelling to an important business meeting
Pros of leasing a private jet
No initial investment needed
Owning a private jet means paying a sizeable amount to purchase it and you could spend months trying to find the right asset for you. Leasing will give you access to an aircraft almost immediately with no investment required.
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No holding or maintenance costs
Storing a private jet you own costs money and so do ongoing maintenance fees. When you simply charter, you’ll only pay for the time you’re travelling.
No risk of depreciation
With so much money being invested into a jet when you own it, you’re likely to lose a significant amount over time when you come to sell it. Renting a private jet flight instead will keep your mind clear of these financial worries.
As you can see, there are countless benefits to leasing a private jet for businesses or individuals and although you won’t own the asset, you’ll still enjoy all the benefits of owning one – without the risk. Start leasing today and you’ll never look back.
