Whole Aircraft Ownership

Owning one or more aircraft has been a popular choice for many large companies and wealthy individuals since the concept of “business aviation” was first introduced.  Prior to the development of the Learjet in the 1960s, a few corporations owned jets, but they were merely converted airliners – expensive and slow.  It was the Learjet that changed the world’s ideas about business aviation, creating demand for faster, higher flying, nimble aircraft that could transport executives quickly and efficiently.  Today’s business jets offer executives a wide range of choices in size, speed and range. Perhaps the most important thing for today’s traveler to understand about whole aircraft ownership is that many jets owned by companies and wealthy individuals are made available for charter when they are not in use by their owners.  Many aircraft owners turn to an outside “aircraft management company” to maintain and service their jets, and provide crews and training.  Most such companies also provide air charter services, utilizing the corporate aircraft they manage, which in turn provides revenue for owners and a needed supply of aircraft for those who wish to take advantage of occasional private jet travel.