Jeremy Cox details how to figure out the true cost of your business jet for Forbes online. In his article, he lays out the 4 options:
- Purchase of a Jet Card or of Block-Time
- Fractional Ownership
- Charter
- Private Ownership
For private ownership, Jeremy says you are the
“King or Queen of your own destiny. You have full-100% depreciation available to you. Every time that you are on a trip, you can leave personal belongings on-board, because your jet is not leaving until you are ready to leave. Best of all, you control who, and who does not ride on your aircraft; you hand-pick your staff, and you outfit, equip, style and decorate the aircraft anyway that you so desire.”
In conclusion, Mr. Cox states that if you fly more than 240 hours a year, owning your own business jet will give you the lowest operating cost per flight hour.
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