Costs of a corporate aircraft
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For a number of years when times were good my employer ran a Citation II and a twin prop (E90 perhaps though not sure). A page existed on the company intranet to show the planned sectors and for anybody at any level in the company to book seats not already taken on these sectors so long as it was for legitimate company business. I am told that the result was high load factors on top of high planned utililization and achieved dispatch rate, and yet when the stock market took a dive and our share price with it the two aircraft were amongst the first things to go bye-bye. The cost-benefit numbers just didn't stack up and would never stand shareholder scrutiny.
To this date everyone in the company uses scheduled commercial services. A shame, as I never got to fly (always full) and usually ended up on FR instead!
To this date everyone in the company uses scheduled commercial services. A shame, as I never got to fly (always full) and usually ended up on FR instead!
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Sorry fellas, just teasing.
Didn't somebody up there say the KingAir lacked the legs for this job? I'm going with the suggestion that you look for something that will do what you want and can be hired out at other times. If you're certain you want an aeroplane of your own don't bother with a Netjets or other fractional card. That's like renting a house, dead money.
Didn't somebody up there say the KingAir lacked the legs for this job? I'm going with the suggestion that you look for something that will do what you want and can be hired out at other times. If you're certain you want an aeroplane of your own don't bother with a Netjets or other fractional card. That's like renting a house, dead money.
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Flintstone I think starting with a card or share for somebody who has no idea about the hours, aircraft cost and real utilisations is a good idea. It is dead money to buy an aircraft and set up something with a management company and then finding out you do not fly enough or the aircraft type is wrong, etc. 
I rather rent a house first to see if the area suits me for a few months and take my time to see if i like a town before jumping into buying without proper assesment!
I rather rent a house first to see if the area suits me for a few months and take my time to see if i like a town before jumping into buying without proper assesment!
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RYR.
The OP suggests that his company can afford and want to own their own aircraft. Them buying a card will merely serve to pad someone's logbook (yours?) and thicken Uncle Warren's wallet.
If they really just want to experiment then they can charter once or twice. If they follow the typical pattern of business users their flying hours will increase as they grow to like it bringing them close to that magic figure where ownership makes sense, more so if they place it with a management company and offset costs by chartering out.
The OP suggests that his company can afford and want to own their own aircraft. Them buying a card will merely serve to pad someone's logbook (yours?) and thicken Uncle Warren's wallet.
If they really just want to experiment then they can charter once or twice. If they follow the typical pattern of business users their flying hours will increase as they grow to like it bringing them close to that magic figure where ownership makes sense, more so if they place it with a management company and offset costs by chartering out.
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@Flintstone - yeah the boss has looked into chartering and as we'll be doing lots of hours it may well be cheaper in the long run to buy and have a plane.
@Pace - what's that in reference to? Think I've got lost in a sea of replies and PM's.
Looking for some specific examples of yearly costs on medium jets now. Any ideas on where to look? I've spoken to Phil Brockwell and he was very helpful and is sending info if he gets chance. I'm just trying to gather as much info about it as possible.
Thanks everyone.
Tom
@Pace - what's that in reference to? Think I've got lost in a sea of replies and PM's.
Looking for some specific examples of yearly costs on medium jets now. Any ideas on where to look? I've spoken to Phil Brockwell and he was very helpful and is sending info if he gets chance. I'm just trying to gather as much info about it as possible.
Thanks everyone.
Tom
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Which Medium jets are you interested in, and do you have a ball park figure for the number of hours you anticipate flying? Do you anticipate paying a management fee, some of them will include crew, training, insurance etc.
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Looking at various options for aircraft, potentially a Citation III/IV or Learjet 45. Something like that.
As for hours, around 5 hours a week, so around 250 to 300 PA.
Management is a definite option too as it may simplify things and possible add extra hours in exchange for money in a recoup scheme.
As for hours, around 5 hours a week, so around 250 to 300 PA.
Management is a definite option too as it may simplify things and possible add extra hours in exchange for money in a recoup scheme.
