Is it profitable to own a jet?

Can you make money with a private jet? While it is technically possible for a private jet owner to profit by using their aircraft for charter flights, it's uncommon. In most cases, private jet owners use charters to offset the cost of ownership, not to turn a profit.



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Perception of safety. Managing risk is a common skill for the wealthy and often a high-end traveller will consider private travel to be safer than a commercial offering. The report claimed that the two dominant factors are the age of the plane and the visual condition of both its exterior and cabin.

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When the billionaire finally decided on a private jet, she chose luxury. Kim Kardashian reportedly purchased the Gulfstream G650ER she calls 'Kim Air' for US$95 million but ultimately paid US$150 million for renovations and design.

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On average, business jets up to 25 years old may only have about 12,000 hours on them, and when they're well-maintained aircraft can easily last for 25,000 hours.

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Average salaries are generally around $77,000 per year in the USA and around £50,000 in the UK.

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Technically, private jets can fly anywhere where they can take off and land safely. The critical considerations for any destination are the jet size, airstrip size, weight, and fuel needed to fly there.

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