If you own a private jet, then you will undoubtedly have heard about private jet management. Choosing a provider can be a big decision, and you may not be sure that it is the right move for you. The truth is that private jet management is important and will allow you to get the most out of your investment. Today, we will take a look at what private jet management is, highlight some of the benefits, and show you what it can provide.
What is Private Jet Management?
Private jet management is the utilization of a third-party company that will oversee, run and manage your asset. They will deal with most tasks, both big and small, to ensure optimal availability for your aircraft, as well as making sure that it is fully maintained and crewed so it can be used.
There are two types of private jet management: –
- Turnkey Aircraft Management
- Charter Aircraft Management
Let’s go into the above in a little more detail.
Turnkey Private Jet Management
This is an all-in-one package, where the private jet management company handles everything about the aircraft. This includes ‘bigger picture’ things such as maintenance and crewing, all the way down to the smaller details. They will literally handle everything.
Charter Aircraft Management
Charter aircraft management is used to effectively ‘hire out’ the jet to other individuals when you aren’t using it. There are many considerations to utilizing this service. Still, it is something that you’ll ideally want a third-party company to do, as it is very involved.
What does Private Jet Management Provide?
The good news about private jet management is that you can find a whole range of useful services that, individually, could mount up and become very time-consuming. You can expect to find the following services as part of a usual aircraft management package: –
- Crewing for each flight
- Crew training
- Billing and invoicing
- Aircraft certification
- Storage and hangarage
- Aircraft utilization and optimization
- Flight planning
- Onward travel and logistics
- Flight booking
If you take any single one of the above points on this list, you’ll be able to see just how much value you get from a private jet management company. Each of these points is normally quite broad and time-consuming in scope.
When looking at things like flight certification and maintenance, it also pays to remember that this isn’t optional but is a legally mandatory requirement.
Flight crewing and training is also an area that requires dedicated specialist knowledge to arrange and manage.
As the above list demonstrates, you are getting quite a lot in a single package.
Is Private Jet Management Expensive?
While not strictly ‘cheap,’ the true answer to the question of the cost of private jet management is that it depends. Different companies have different rates, and it is well worth noting that the cheapest option might not be the best for you.
Take a look at the above list of services you can expect. You may very well find that certain companies do not provide all of the above services, so although they at first appear cheaper, there may be gaps in how well your aircraft and its operation are taken care of.
Other variables include how you intend to use the jet. Aircraft management charter services will help to offset the cost. The jet will be generating revenue when you are not using it. It is well worth remembering that adding airframe hours to an aircraft will lower its value. Private jets rarely run on a cost-neutral or profit basis.
The Benefits of Private Jet Management
There are several reasons why it makes sense to utilize private jet management companies. Here are a few that you may want to consider:
Part of the advantage of flying private is that you can go where you want, when you want. The aircraft needs to be available with little notice for that to happen. A private jet management company can make this a reality.
With as little as an email or phone call, you will be able to find your aircraft prepped on the apron, fueled up, with a crew, and ready to go. It couldn’t be any simpler.
Safety and Legal Compliance
As we stated above, aircraft require almost constant maintenance to ensure that they are safe and airworthy. This simply must be done.
By utilizing a private jet management company (many of whom have their own in-house maintenance team), you can ensure that the work performed on your aircraft is to the highest possible standard. You’ll also be able to see a private jet management companies safety records, so you’ll know that you are in good hands.
The aircraft should ideally be available when you need it. A good company will discuss your requirements with you to ensure that there is never a scheduling conflict, allowing you to travel when you like.
You will be able to choose what type of management you are looking for. There are many options and plans available for providing charter services.
A good private jet management company will work with you to ensure the perfect solution. Inflexibility in a company can mean that you are getting few of the benefits while they reap the rewards
It Could Save You Money
There is a lot of money in private aviation, and many of the services, when purchased individually, can soon add up to an astronomical sum each month! By utilizing the services of a private jet management company, they will have experience of where the best services for your aircraft can be found at the most cost-effective price.
As a result, they will be able to pass some of this saving onto you.
Sun Air Jets offers private jet management services and a range of options to suit you as an owner. With modern facilities, an award-winning safety record, and the ability to provide expert maintenance, we are the go-to choice.
If you would like to know more about our private jet management options, you can find more information on our website, or alternatively, contact us, and we will be happy to assist you.
Choosing an aircraft management service is no easy task. There is a multitude of providers out there, and some offer more than others. A private aircraft is no small investment. You will absolutely want to make sure that your investment is protected and can be utilized in exactly the manner you require. Today we will show you what to look for in aircraft management services, so you can make the best possible choice.
There’s a reason why we have included safety as the first requirement. A strong commitment to safety should be the overriding criteria that need to be addressed before looking at any other service an aircraft management company provides.
Any company worth it’s salt will be able to provide a flawless record of keeping aircraft, employees, and passengers entirely safe.
Look for certifications that back up what you are told. Accreditations from organizations such as the Air Charter Safety Foundation (ACSF) are well worth looking out for. A promising sign is when management services voluntarily subscribe to safety regulation, a good example of which is the International Standard for Business Aircraft Operations (IS/BAO).
The above both demonstrate a real commitment to safe operation.
It is no secret that private jet management requires a substantial investment. Any organization that doesn’t value you as a customer doesn’t deserve your business. You can assess this from the very start.
When contacting an aircraft management service, assess how they treat you. If it isn’t good when you are going to offer the business, it likely isn’t going to improve, especially if you have stringent requirements in the future.
The best option is to look for a private jet service with a solid history in looking after their customers. Look for companies that will work with you and are happy to help.
Solid form goes a long way when looking for a good aircraft management service. Established companies will have stayed around for a reason.
By utilizing an aircraft management service with experience, you can be assured that whatever requirements you have, they will have been catered for before. Experienced operators tend to have the skills to be much more flexible too. They will offer a range of solutions that are perfectly tailored to your exact requirements.
Transparent Billing and Simplicity
Private jet management is extensive and really involved. There are so many spheres to consider. It is a sad fact that certain companies utilize this complexity to their own advantage, and it is not uncommon for certain hidden ‘extras’ to appear on each bill periodically.
You absolutely should make sure that you know what you are paying for. The easiest way to achieve this is by seeking out an aircraft management service that is transparent with its billing. Not only does this mean that you can trust them, but it also enables you to make sure that you are getting the service you are paying for.
A strong jet management company will have the ability to arrange personnel in whichever form you require it. Whether you prefer to use your own pilots, want a specific member of the crew, or are happy to use their own provided solutions, good aircraft management services will be able to provide this.
They normally will deal with all of the finer details, including things like rostering, training, and ensuring that there is always a crew member on hand to fly your aircraft should you require it.
Aircraft require significant maintenance to stay safe and airworthy. The ideal solution is to look for an aircraft management company that will hold your asset and look after it.
Not all companies are equal in this regard. Optimally, you should look for an operator with extensive experience with various aircraft. You should absolutely ensure that they have FAA oversight.
Aircraft management companies, such as Sun Air Jets, are certified and approved to perform maintenance on the following manufacturer’s aircraft:
It is no secret that luxuriousness is part of flying private. If you are utilizing the services of a private jet management company, you should reasonably expect that you will gain the benefit of their facilities. Therefore it makes sense to choose a company that offers the most value.
Large hangars and suitable storage are only one piece of the puzzle. You could also look at other facilities to suit your needs. Some operators offer onsite meeting rooms, not to mention comfortable lounges and other facilities that make your transit to the aircraft that much more enjoyable.
While you might wonder how an aircraft management company having its own diverse fleet of jets will benefit you, it shows that they are well-versed in handling different models of various fits and sizes.
It may also demonstrate that they have a really large customer base, a surefire sign that they are worth dealing with.
Of course, how you utilize your aircraft is entirely at your discretion.
Some customers require exclusive use of the aircraft, whereas others are happy for it to be utilized when they don’t need it. If you are considering chartering your asset, you need to be given plenty of options. Some management companies can be extremely in rigid in their chartering requirements, removing the whole benefit of having your own aircraft in the first place.
The best aircraft management service providers will find a solution that works for all parties.
Sun Air Jets has extensive experience in providing aircraft management services. Safety underpins our entire approach. When this is combined with an extensive history of excellent customer service and a range of options, we are the logical choice. We are able to provide all of the benefits described above, including maintenance, excellent facilities, and a warm welcome to you as our customer. Contact Sun Air Jets for more information.
There are numerous benefits to owning a private jet. Flexibility, comfort, and being self-sufficient are all wonderful features. But protecting your investment and knowing that you are in safe hands should come as part of the package.
In this article, we will explore some of the key factors you need to consider in order to understand how to choose a private jet aircraft management company.
How to Choose a Private Jet Aircraft Management Company
As a private jet owner, safety should be your overriding consideration above all others. When choosing a private jet management company, you want them to reflect this mantra too. Everyone will want your business, but it is up to you to do your due diligence and ask the relevant questions.
You’ll want to consider the following:
- Does the private jet management company have things such as ‘just culture reporting’?
- Do they have a safety management system?
- Are they audited by third parties on their safety culture?
- Is there an accountable person with regard to safety?
- What is the history of the company?
- Is the private jet management company fully compliant with regard to FAA rules?
Here are some things you need to consider in order to understand how to choose a private jet aircraft management company.
Of course, it isn’t going to be cheap. That doesn’t mean that you shouldn’t look for great value when choosing a private jet management company. It is well worth investigating all of the costs before choosing. Here are some areas that might seem small but will add up to a greater whole and can be quite variable across the industry: –
How much does the management company pay their pilots and crew? Is it the ‘going rate’, or do they offer extras that would likely be conveyed to potential owners?
From rostering and scheduling to aircraft utilization and billing, some companies charge for every individual decision, while others include it as part of the package. Is maintenance oversight included? Scheduling and dispatching? As a result, managing and administrating how the aircraft is used can often come with additional associated costs.
It is well worth checking insurance liabilities and what is offered. Some companies base the premiums on the value of the hull, and others are limited in terms of what they do and do not cover. If you need to call on insurance, the time to find out the limits of coverage isn’t after something has already happened.
Hangarage, Parking Fees, and Extras
While it may seem relatively trivial smaller fees such as hangarage and parking can soon add up, especially if the jet isn’t being used regularly. Additionally, does the management company have hangarage available or will your aircraft be parked outside when at its home base?
Fuel is also a big consideration. If the base of your chosen operator charges above the going rate for fueling the aircraft or adds supplements, then this can soon begin to add up if the jet is being used often.
Is your aircraft in safe hands? Most likely, but this is worth considering when choosing a private jet aircraft management company.
You may have a preference for your own pilots. However, some companies can offer to utilize them as part of the package.
Alternatively, you might require a greater degree of flexibility. For example, many management companies have a pool of cross-trained pilots over several different types of jets. They are also responsible for managing the finer details of a pilots ‘employment’ such as benefits, terms and conditions, and HR considerations.
If you seldom use your jet, you can consider using a management company to charter the aircraft. This will allow them to utilize it when you aren’t flying the aircraft for your own trips. The upsides of this agreement are that you might be able to reduce the cost of owning and operating a jet.
However, it should be noted that there is a downside depending on your charter agreement. If you find that the aircraft is being utilized more often, you can sometimes expect a significant increase in overhead costs. Limits such as checks based on the number of hours and cycles flown will occur more quickly!
Speaking of hourly checks, you will certainly want to think about maintenance agreements. A well-maintained airplane will save you money in the long run. But hopefully, you haven’t forgotten the very first point we made either? Safety first.
If your chosen private jet aircraft management company completes maintenance in-house and on-site, this provides you a greater benefit. Your aircraft will be available more often, and as a result, you can enjoy all of the benefits and flexibility that come along with it.
As a happy aside, you’ll generally find it cheaper and quicker to entrust your aircraft’s maintenance requirements to an in-house management solution than searching for a third-party maintenance provider and trying to coordinate it.
Have you ever entered into a service agreement and struggled to understand the cost breakdown? Often the little ‘hidden’ things all add up.
Ideally, you want an invoice to arrive and immediately be able to see the costs involved. By getting a detailed breakdown, you can closely monitor what you have paid for and why.
Aside from financial implications, you can gain a full sense of trust in your private jet management company by having a transparent billing method.
Go with Your Gut?
If something looks good and feels good, it probably is good. There is little scope for operators breaking the rules in such a heavily regulated industry and going ‘beyond the pale’. All that said, even with regulation, some companies are better than others.
How did you feel when you reviewed your options? Who had the information you needed readily to hand, and how were you treated as you made inquiries? Any company that didn’t have time to value you before you were a customer is unlikely to offer any improvement after committing to them.
Knowing how to choose a private jet aircraft management company means treading a fine line between cost-effectiveness, good value, and customer service. There are a lot of considerations and owning a private jet can be complex. However, companies like Sun Air Jets have a wealth of experience in managing private jet operations. With Part 145 maintenance approval, detailed financial reporting, and the ability to manage their personnel, they are an excellent choice for managing your jet.
Contact Sun Air Jets to discuss your private jet aircraft management today.