PRIVATE JET LEASING PROS AND CONS

Should you lease a private jet? Consider this:

BENEFITS

Lower immediate costs compared to fractional ownership
Fixed lease payments in lieu of upfront capital outlay
Access to multiple bases of operation, including thousands of non-commercial airports
Most costs are fixed for the duration of your contract
Some providers offer the option to buy or sell flight hours with fellow lease holders
No need to hire crew, operations staff
No maintenance downtime or need for supplemental lift
Extensive service areas that encompass the contiguous United States
No depreciation risk regardless of market conditions
Some leases offer shorter terms than fractional contracts
Leases can be classified as a “travel expense” rather than an “asset”
You are not responsible for any of the following expenses:
- Aircraft storage
- Legal compliance
- Repositioning costs
- Maintenance
- Pilot Training
- Insurance

CONSIDERATIONS

A security deposit is needed upfront
Minimum contract term required
Minimum hourly purchase increments
Monthly Management fees
Direct and indirect expenses
While greater access is available during peak travel periods, the high demand can impact departure times
No ability to leverage aircraft value at the end of the term
No ability to rent, charter, or decide who uses your aircraft
You do not control crew hiring selections
You do not select aircraft aesthetics or cabin configuration
A fixed monthly lease fee is required

For more on Flexjet’s leasing program go to this page.

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