Traveling by private jet is not what it used to be. And in a good way. The availability of private jet charters today is greater than ever and, more importantly, the access has skyrocketed. The reasons are plenty; a more educated clientele, increased necessity of swifter travel and lower prices, just to name a few.
The reality is that today, private jet charter providers around the world are in great shape to benefit from the target audience’s perception around this segment: time efficiency, privacy and comfort at a fair price (less than first class commercial).
Private jet charter providers are benefiting from jet owners
As odd as it may sound, private jet charter providers are benefiting from jet owners than once decided that buying an US$ 10.000.000 aircraft was a good idea. If owners don’t use at least 300 hours a year their private jet, they’re losing money. So those that fail to cover that minimum standard are leaving their aircraft operation in hands of private jet charters like Monarch Air Group, which can provide thousands of aircraft to countless international destinations.
Private jet owners prefer to lease their aircraft when unused because there’s a wide list of costs that go into possessing one. Insurance and maintenance fees account for the majority of these costs, and in the case of the latter there are scheduled and unexpected maintenance checks that need to be accounted for. This is when charter providers check in, granting the opportunity to offer these aircraft in diverse markets thus lowering the annual ownership rates.
This practice complements the agreements that private charter providers have with operators, business airlines that own a fleet of aircraft and that look to maximize the use of their unexploited jets; a plane in the ground is a money wasting machine, so operators are constantly searching for opportunities to take them to the skies, whether via empty leg opportunities, where margins are close to zero or through transatlantic flights.
Win-win for passengers
All this increased offer is only good news for private jet travelers. If it’s for leisure or business, there are so many advantages of flying private that if the price is right, there are no excuses than to charter a jet. Actually, when flying with a family of eight in a light jet, there is a good chance that the overall cost of that flight will be less than the price per ticket in first class.
But you won’t need to get there two to three hours before departure or arrive hours away by land of your destination; with private aviation you will embark your jet in minutes and choose the closest terminal to your end point, whether it’s a domestic, regional or international airport.
Furthermore, if price is still a concern, booking a larger jet with the aim of joining more than one family or group of people in an aircraft suited for 15 to 19 people is always a possibility. Prices per person should fall considerably, making the private jet experience more affordable. The truth is that the demand of these flights is continuing to rise through the years thanks to the efforts of private jet providers of taking this service, once thought only for the super-rich, to ordinary people around the globe.
Saying private jet aviation is no longer an exclusive service would be a lie, but the trend that acknowledges a rise in accessibility and usage thanks to technology (apps and booking systems) and owners and operators looking to maximizing profits, is an undisputed truth.
Established in 2005, Monarch Air Group is a leading provider of on demand private jet charter, aircraft management and long-term aircraft lease. Among Monarch’s customers are Fortune 500 corporations, leading entrepreneurs, Government agencies and world leading NGO’s.