Over the past several years, the private aviation industry has experienced substantial growth and continues to do so. From 2022 to 2023, the sector grew 2.3%, driven by the increasing adoption rate, new technology, and operating models.
Individuals and businesses are now looking to enjoy the advantages of private charters, which commercial airlines often lack.
This raises the question of frequent flyers: Is private jet chartering better than private jet ownership?
While there are benefits to aircraft ownership, chartering offers the luxury of private air travel without the commitments and financial commitments associated with jet ownership.
This article will discuss this and how Trilogy Aviation is your top choice for chartering a private jet.
Our FAQs section lets you learn more about our private jet charters and services.
The Flexibility of Chartering
Chartering offers unparalleled flexibility in aircraft selection, travel routes, and scheduling.
Aircraft Selection
At Trilogy Aviation, we provide access to a diverse fleet of aircraft types and sizes. We understand that every flight is unique; whether you're flying solo or with a group for business or a leisure trip, there's always a perfect match for your specific travel needs.
Need a spacious cabin for a family trip? Or maybe a smaller jet for a quick business meeting? There's a jet for every requirement.
On the other hand, if you have a private jet, you're limited to the capabilities of your aircraft.
Route Selection
Additionally, chartering offers flexibility in choosing your route, allowing you to save time and avoid unnecessary stopovers that you often experience with commercial flights.
You can also fly to smaller airports closer to your final destination, which commercial airlines might not service.
Schedule
With a private jet charter, you can forget rigid schedules! Our clients have the luxury of booking flights on their terms, even accommodating last-minute itinerary changes or booking flights just hours before departure.
Of course, you can still choose your schedule when you own a private jet. However, you'll have to manage any last-minute changes with your team.
By chartering with Trilogy Aviation, we'll handle all the details for you. All you have to do is show up on schedule and enjoy your flight.
Cost Efficiency of Chartering
Cost efficiency is one of the most significant advantages of chartering a jet versus having your own jet.
Charter flights allow individuals and businesses to leverage all the benefits of private air travel without the hefty upfront capital expenditure of purchasing a private aircraft.
However, in addition to the purchase price, owning a private jet incurs other expenses, such as maintenance and hangar fees, insurance, and crew salaries.
Cost Structure of Private Jet Chartering
When you fly private with Trilogy Aviation, you will be only paying for the following:
Hourly Rates
The primary cost is the hourly rate for private jet travel. The cost will vary depending on the aircraft type, size, travel distance, and demand.
Fuel
Fuel costs are often included in the hourly rate, but separate or additional fuel charges may be incurred depending on your itinerary.
Other Fees
This typically includes the following:
- Landing fees
- Catering services
- Overnight stays at airports
Trilogy Aviation will provide quotations based on your specific trip request. This will give you clarity and control over your travel expenses.
Eliminating Upfront and Ongoing Ownership Costs
Choosing to charter private flights eliminates the need for a significant upfront investment, which can range from millions to tens of millions of dollars, to purchase a private plane.
You also eliminate the following recurring expenses:
- Hangar Fees: Storing your aircraft in an airport hangar is expensive.
- Maintenance: Regular service and maintenance is vital for safety and performance. Operating and maintenance costs will cost around $500,000 per year.
- Crew Salaries: You need to hire pilots and qualified crews to fly and maintain your private jet.
- Insurance: Aircraft insurance premiums are significant.
Aside from these, you also avoid the depreciation of the aircraft's value over time. It's a non-recoverable cost that jet owners have to bear.
Case Studies of Cost Savings
Companies that purchase private jets will spend millions on the plane and operating costs. But consider the following examples of how CEOs of major companies saved a significant amount by chartering private jet flights:
Ralph Lauren, CEO of Ralph Lauren Corporation
Ralph Lauren often travels worldwide for international fashion shows and to Geneva, where the European HQ is located.
By chartering a private jet from New York to Geneva, expenses only amount to over $47,000.
Dave Calhoun, CEO of Boeing Co
Based in Virginia, Boeing often flies Dave Calhoun to Australia, the company's most extensive base of operations outside the United States.
Private charter flights from Virginia to Brisbane for a business trip with his team will cost over $284,000.
Compared to buying and operating a business jet, companies will save significantly by chartering.
Access to Expertise and Support
When you fly with Trilogy Aviation, we are committed to safety, comfort, and convenience.
Our highly experienced pilots, meticulous maintenance crews, and attentive ground support staff all work together to give expect an unparalleled flying experience.
But more than this, we offer a personalized service that starts when you book your flight.
Whether it’s coordinating ground transportation, or handling special requests, we aim to tailor every aspect of your journey to your needs.
We also exceed expectations by offering additional services such as concierge services, catering arrangements, and in-flight entertainment to enhance your travel experience.
Mitigating Risks Through Chartering
There are risks and liabilities associated with owning a private jet such as but not limited to:
- Financial risks: Depreciation, high ownership costs, and unforeseen expenses add to a massive economic burden.
- Liabilities: Owning and operating a private aircraft involves accident, passenger, and operational liabilities.
- Other complexities: Meeting regulatory compliance and finding qualified crew.
By chartering a jet with a company like Trilogy Aviation, you circumvent these challenges through the following:
- Depreciation, maintenance, and operational costs are the liabilities of the charter operator, allowing you to fly in well-maintained aircraft without financial burdens.
- Charter operators handle all regulatory compliance, freeing clients of the need to track and adhere to these often complex requirements.
- Charter operators provide comprehensive insurance coverage to cover the usual risks associated with flights, especially passenger safety.
Environmental Considerations
Flying privately through a charter operator is also better for the environment than full aircraft ownership. Some reasons include:
- Lower carbon footprint: Private charters are used more efficiently, resulting in lower carbon footprints. Aircraft ownership is less efficient since it may sit idle for long periods.
- Optimized routes: Charter operations maximize routes, like offering shared flight options
- Newer technology: Charter companies often can keep their fleet updated with newer, more fuel-efficient models.
Sustainability Efforts
More than ever, charter companies are becoming increasingly aware of their environmental responsibilities and are adopting sustainability initiatives to mitigate the impact of their operations.
Some initiatives are:
- Investing in newer, more fuel-efficient aircraft models
- We are participating in carbon offset programs that use renewable energy.
- Using alternative fuels or hybrid technology.
Also, by contributing to other projects that reduce carbon emissions, like reforestation or renewable energy projects, these companies allow travelers to neutralize their flights' carbon footprint.
Individuals and businesses can actively contribute to a more environmentally sustainable future by chartering air travel services, especially with companies with sustainability practices.
Elevate Your Air Travel Experience with Trilogy Aviation
With the right mode of private air travel, you can efficiently elevate the quality of your flying experience.
Chartering a jet, compared to owning one, offers numerous advantages that cater to the needs of modern travelers:
- Unparalleled flexibility by allowing you to fly on your schedule without the long-term commitment of aircraft ownership.
- It is more cost-efficient, eliminating hefty maintenance expenses, crew salaries, insurance, and steep depreciation.
- Access to a team of specialists dedicated to ensuring safety, comfort, and convenience.
- Mitigates the risks associated with owning a private jet.
- Efficient aircraft use and optimized routes and services contribute to a healthier planet.
We invite you to explore the benefits of chartering a private jet with Trilogy Aviation.
Our team of professionals will work with you to give you the best private jet charter experience you'll ever have. Whether it's business or pleasure, we meet all your travel needs.
Visit us at Trilogy Aviation Group to get started.
Additional Resources
Want to know more about the benefits of jet chartering versus ownership? Check out the following additional resources:
- Reasons why you'll regret buying a private jet.
- Reasons why Executives choose private jet charters.
- Why do US companies continue to spend on private jet charters
Ready to fly? Contact us now for more information on our private jet charters, how we can personalize your charter flights, and for a free quotation.
