Comparison study of buying an airplane, fractional share, jet cardrivate jet charter
UNDERSTANDING THE OPTIONS
<< BACK NEXT >>

28. Page 4-6

background image

4. Key Attributes 

 

 

 

Private Jet Travel: Understanding the Options  

October 2003 

 

4-6

Ownership. Schedule flexibility is a double-edged sword with Whole Aircraft 
Ownership, especially if you own only one aircraft.  The downside becomes 
evident when your aircraft is unavailable due to scheduled (or unscheduled) 
maintenance.  Without your ultimately flexible transport solution available, you 
are left with Charter options or the airlines. At all other times, though, you have 
nearly perfect schedule flexibility – you go when you want to go. 
 
Block Charter and Block-Frax.  Block Charter and Block-Frax programs generally 
provide a fairly high level of schedule flexibility.  Advance notice requirements are 
measured in hours and availability is usually guaranteed.  Trip cancellation rules 
vary, and fees may be assessed.  Rules often become more stringent on peak 
travel days. 
 
Fractional. Fractional programs tend to require less advance notice than Block 
Charter (a benefit of their larger networks and pricing philosophy).  Availability 
and notice requirements, however, in some programs are dictated by aircraft type 
and share size, with larger aircraft and shares equating to higher levels of 
schedule flexibility. 
 
Mission Flexibility 
 
Similar to schedule flexibility, mission flexibility is driven by the presence of 
aircraft-related options.  It relates not to when you can go, but the degree to 
which you can match the aircraft to your mission and go where you want to go.  It 
encompasses the ability to select the optimal aircraft for each trip (based on 
capacity, range, etc.), access to multiple aircraft at one time, and the geographic 
area defining a program’s service area. 
 
Charter.  On-Demand Charter offers the highest level of mission flexibility as 
each of your journeys can be customized with the optimal aircraft type - you are 
never constrained with program boundaries. You may be constrained by market 
availability (i.e., a specific aircraft at a specific time), especially when operating 
from rural areas, but will normally be able to obtain an appropriate aircraft in your 
region even on short notice.  Some of the Charter operating rules, designed to 
enhance safety margins, can be operationally limiting as compared to Whole 
Aircraft Ownership.  These include crew flight, duty, and rest-time requirements, 
methods of calculating minimum runway lengths required, and choice of airports 
to use in bad weather.  
 
Ownership. Conversely, your options are much more limited with Whole Aircraft 
Ownership.  Though there are no geographic limits (absent any international 
prohibitions in your insurance policy), you are tied to the size and availability of 
your own aircraft.  Larger aircraft offer more flexibility than light aircraft, but you 
can end up wasting a great deal of money if you are using a large aircraft on 
short routes with few passengers. You might also need to use airports with 
runway lengths that match your aircraft (larger aircraft tending to require longer 
runways). Corporations that maintain a fleet of aircraft can choose the right 
aircraft for the specific mission. Aircraft owners can also augment their fleet with 
other business aviation options.  Operationally, aircraft owners normally maintain 
“operational control” for their own flights, and as such are allowed a somewhat 

Ownership is 
highly flexible, 
but . . . 

 

Block Charter and 
Block-Frax are 
flexible 

 

Fractional is very 
flexible 

 

 

 

 

 

 

 

Charter is very 
flexible 

 

 

 

 

Ownership best if 
needs are 
consistent 

 

 

 

 

"Chartering a plane, either directly from a charter company or through a charter broker, is often the most cost effective way to fly private."

Independent Source: Deloitte Private Wealth, Private aircraft: Flying private makes sense for those with the right information (page 20)
*This website has no affiliation with Deloitte.