MoPac From United States of America, joined Sep 2003, 216 posts, RR: 0
Reply 4, posted (11 years 1 month 2 weeks 6 days 11 hours ago) and read 3005 times:
For the occasional trip from JFK to LAX?
You have to remember that acquisition costs for corporate jets typically pale in comparison to the operating expenses (mx, fuel, hull insurance, hanger, crews, crew training & benefits, power by the hour progs, etc.) over a period time.
If visions of grandeur are still eating away at you then do some googles on the aircraft you want to know about or have a peak here:
WingnutMN From United States of America, joined Jan 2004, 663 posts, RR: 0
Reply 5, posted (11 years 1 month 2 weeks 6 days 11 hours ago) and read 2971 times:
ALOT! buy yourself a used 737 sitting in the desert somewhere at around 1-2 mil. retro-fit it with new engines, and extended range fuel tanks 2-3 mil., fancy interior 1 mil, flight crew $200-300 thousand. saved money in your pocket $30 mil. Thats how much a 737BBJ costs
Any landing you can walk away from is a good landing! It's a bonus if you can fly the plane again!!
EmiratesA345 From Canada, joined Jun 2003, 2123 posts, RR: 8
Reply 9, posted (11 years 1 month 2 weeks 6 days 6 hours ago) and read 2796 times:
This month's Airliner World magazine features NetJets. What you do is buy a share of an airplane, and with this share, you are guaranteed a certain amount of flight time. If another share holder needs the aircraft, they will provide you with another similar airplane, or a better one.
G550 From United States of America, joined Feb 2004, 29 posts, RR: 0
Reply 10, posted (11 years 1 month 2 weeks 6 days 5 hours ago) and read 2753 times:
The problem with Netjets is that there is a liability issue associated with the aircraft. Say you buy a 1/4 share of a G-IV. Your name as well as the other 3 shareholders are placed on the aircraft title. Most of the time when you go fly in "your" aircraft you are not in the actual aircraft that you purchased but rather the same model of aircraft that you purchased. If there is ever an accident involving the aircraft with your name on it, you could be named in a lawsuit after the accident, even if you were not flying in the aircraft.
Jetguy From , joined Dec 1969, posts, RR:
Reply 11, posted (11 years 1 month 2 weeks 6 days 2 hours ago) and read 2675 times:
The "Netjet" concept works well for those who fly 250 hours (+/-) per year or less. Fly more than that and it's definately cheaper to own and operate your own. (The average bizjet is flown about 450 hours per year.) There are also some liability issues as was mentioned above, but that's what insurance is for. The main issue seems to be the residual value of the aircraft when it comes time to end the partnership. A lot of owners are finding out that a used Citation with 15000 or 16000 hours isn't worth a lot of money.
Beltwaybandit From United States of America, joined Mar 2003, 495 posts, RR: 0
Reply 12, posted (11 years 1 month 2 weeks 5 days 20 hours ago) and read 2620 times:
Liability issue is not likely to influence a decision. You have more liability putting your sales guys in rental cars than in a business jet. Insurance and extraordinary safety history make it manageable.