More and more individuals and businesses are choosing to fly privately to increase their travel options and convenience and even reap various tax benefits. People aren’t just thinking about the balance sheet, though—much of the appeal of private aviation comes from the opportunity to enhance your lifestyle.
Experienced Air Support
We have advised many clients on the various scenarios for private aviation, including purchasing, charter or fractional ownership. We can even carry out the administrative details—including settlement if buying—of your preference.
Factors to Consider
Private aviation is not a one-size-fits-all process. There are various questions that you should ask yourself when determining the option that will best suit your needs. Some of those questions include:
- How long are your trips? One-way or round trip?
- How many people usually travel with you?
- How many flights/hours do you anticipate flying per year?
- What’s the minimum lead time you want for departure?
Private Air Travel Options
The experienced advisors at Waldron are here to help you navigate all of your options
through coordination with private aviation companies.
Jet Cards
Recommended for 15-40 flight hours annually
With more flexibility than other options, jet cards function similarly to prepaid debit cards, allowing clients to pay for their purchases up front. You only need to pay for the hours you fly.
Charter Flights
Recommended for 15-20 flight hours annually
Chartering aircraft is another good option for those who need to fly only occasionally, for example, someone planning a special family vacation or an annual work retreat.
Fractional Ownership (share or lease)
Recommended for 40+ flight hours annually
Fractional ownership is more appropriate for those ready to make a three- to five-year commitment, simulating the ownership experience, without the responsibility of managing the plane, crew, operations and maintenance.
Aircraft Purchase
Recommended for 200+ flight hours annually
For those who want to fly regularly, this option involves a large upfront commitment and high annual costs. Clients may consider chartering out the plane to offset costs, although doing so can present scheduling conflicts.
Experience an elevated standard of service
Choosing the right private aviation option may seem overwhelming at first, but Waldron is here to help you identify the best purchase option to satisfy your private aviation needs and experience one of the greatest travel luxuries in a way that is customizable to you, your family and your business.
