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Can anyone own a jet?

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Can anyone own a jet?

You can charter a jet, but the greatest freedom comes when you own one. Before you buy, though, you should consider whether the investment is truly justified. Depending on size, range, model, and features, a private jet can set you back anywhere from $2 million to over $100 million.

How do you buy a jet plane?

Brief Overview: Step By Step Guide

  1. 1.) Determine Your Travel Needs.
  2. 2.) Determine Your Budget. New vs Used. Buying A Private Jet vs Leasing. Wet Lease. Dry Lease.
  3. 3.) Find an Aviation Lawyer.
  4. 4.) Test & Inspect. Testing. Inspecting.
  5. 5.) Find a Management Company.
  6. 6.) Working With The Right Team.
  7. 7.) Finalizing The Process.

Is a jet A Good Investment?

According to Greg Raiff, founder and CEO of New Hampshire-based Private Jet Services, owning an aircraft isn’t a good financial decision for anybody. “Much like cars, planes start depreciating the minute they’re purchased. From the initial cost to ongoing maintenance, planes are not a wise investment for individuals.

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How can you own a private jet?

If you want to know how you can own a private jet, you’re in the right place. First and foremost, a private jet charter is available to anyone. Given that you are capable of covering operating costs, and any other associated fees. A private jet does not have to cost you $80 million, but it can.

How many hours a year does it take to own a jet?

Aircraft vendors will tell you that if you spend 200 hours a year in the sky, it justifies the outright purchase of a private jet. 2  Remember, they’re also trying to sell you one. Aircraft brokers who offer fractional ownership in a plane will say it’s more like 400 to 600 hours. 2  They, of course, are also trying to sell you something.

Can you own a Citation jet?

Many people own citation jets to fly themselves. Any wealthy enthusiast who has a passion for flying can purchase their own aircraft. After being certified, they can fly where they want, whenever they want. Some individuals can afford to purchase their own jet.

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How much does a private jet charter cost?

First and foremost, a private jet charter is available to anyone. Given that you are capable of covering operating costs, and any other associated fees. A private jet does not have to cost you $80 million, but it can. In this article, we will cover everything you need to know before you own your private jet.

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