With a fast-paced life and tough competition, everyone wants a quick solution for every situation, whether it is related to work or traveling. That is why the demand for private jets is increasing, and many people are switching to chartering private jets over commercial flights. In the past, private jet travel was not so common, and only the rich and elite class could have the chance to taste the luxuries offered by private jets.
Having said that, now, many people are familiar with the advantages private jet offers over commercial flights. The reason is quick and comfortable travel with utmost privacy and other luxuries that are not offered on commercial flights. Whether you want a private jet charter for Saudi Arabia or other destinations, it ensures quick and convenient travel around the world. The best part is that you can get last-hour bookings as well which is not the case on commercial flights.
However, some people, especially businessmen, use private jets frequently, making them confused about whether they should rent or buy a private jet. Both have their own pros and cons. In this blog, we will discuss in detail owning and renting a private jet.
Owning A Private Jet
Thinking of owning a private jet, the first thing that comes to mind is the cost. Owning a private jet requires millions of dollars and is a cup of tea for only a millionaire. Furthermore, the cost varies according to the jet type. That is why for people who frequently travel, owning a private jet is a good option. However, it comes with its own challenges.
Having said that, the only cost when owning a private jet is not only buying a jet. It comes with a list of other expenses, including:
- Purchasing insurance
- Renting a hangar to park the jet
- Hiring a pilot or obtaining a license
- Inspection and maintenance
- Hiring staff
- Purchasing food and other materials
- Refueling cost.
It probes that owning a private jet brings with it a set of other expenses as well, which you cannot avoid. The maintenance merely costs about a hundred thousand dollars. So, it totally depends on the person’s own choice.
Why Is Renting A Private Jet Better?
As mentioned above, owning a private jet requires a high cost but it is suitable for those who travel via private jet frequently. Having said that, renting a private jet gives an advantage over the cost and is suitable for those who do not travel frequently. Here are some benefits of renting a private jet.
- Save Cost
The biggest advantage of chartering a private jet over buying is the leverage of cost. As mentioned above, buying a private jet requires a huge sum of money. However, if you can’t afford to buy, you can rent a jet to enjoy the luxuries.
- No Maintenance Is Required
As mentioned above, if you own a private jet, you are responsible for its maintenance which can cost a lot depending on the condition of the jet. However, no maintenance is on your shoulder if you rent a private jet. It is because the aviation company is responsible for safety and maintenance. You just need to book the flight of the required jet size, and you are good to go.
- Availability Of Different Options
Private jets come in different sizes and speeds. People need jets in different sizes depending on their needs. If you travel within the borders, there is no need to travel on a big size jet. Renting a private jet gives the leverage to choose a suitable jet size. Likewise, if you plan to travel with a family and enjoy the luxuries of a private jet, you can rent an upsized jet. In renting, you have options and can easily choose the jet that caters to your needs in the best way.
- No Logistical Hurdles
In buying a jet, you are responsible for the staff, which food to eat, what food to cook, etc. These logistical hurdles can really get tough at times. Hiring an aviation company to handle the department will require additional costs. However, that is not the case in renting jets. You can enjoy the delicious food and spacious jet for a fraction of the cost you spend.
- Membership
Another advantage of renting a private jet is that some aviation companies offer amazing membership plans, which is a plus for those who rent jets frequently. It gives additional perks and helps save costs. However, getting in touch with well-reputed aircraft charter companies is essential to get amazing deals at a good cost.
In all, private jets offer the utmost luxuries and convenience, which is not the case in commercial flights. However, renting or owning one is a person’s own preference. However, get in touch with an experienced aviation company to get the best deals at good rates.
