- 03 Oct 2022
- Jason Zilberbrand
- BizAv Market Insight
Private jet planes offer five major advantages over commercial jets - privacy, efficiency, luxury, security and flexibility. Perfect for today's busy CEO. The leading companies offering new and used private jets for sale are Bombardier Challenger, Global & Learjet, Dassault Falcon, Embraer, Gulfstream Aerospace and Textron (Cessna and Beechcraft).
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In today's market most jets would fall into the range of between US$30 million and US$5 million. At the top end of the Large Jet market, a 2022-model Gulfstream G700 costs US$78.0m, per Aircraft Bluebook’s Fall 2022 data, whereas a 2022-model single-engine Cirrus SF50 Gen 2+ VisionJet in the Very Light Jet category costs US$2.98m. On the used aircraft market, there are various examples of older jets having depreciated to below $2m, and even less than $1m following several years of depreciation.
There are 23,241 private jets in operation worldwide (JETNET, 08/2022). Approximately 63% of the world’s private jets are registered in the United States.
Private jets access around 10 times more airports in the US than scheduled airlines (around 5000 airports versus 500 airports) giving them access to remote communities without airline service. Moreover, 38% of Business Aviation missions involve stopping at more than one destination, according to NBAA.
Business aircraft users out-perform non-users by 23% in revenue growth. Two-thirds of passengers say they are more productive aboard their business jets than in the office.
By Gerrard Cowen - Editor, Aircraft Reviews
What are the Key Advantages of Private Jets?
Privacy: Flying on your company jet means travelling with your work colleagues, working privately and without distraction en-route if needed.
Security: Traveling only with known-colleagues, friends and family, private jet users enjoy a higher level of security while flying. And, Business Aviation operators are required to meet the same high standards of security as the airlines. This is done without the queues and crowds associated with airline terminals,which also saves time and hassle.
Luxury: Flying aboard a private jet brings a high level of luxury and comfort, ensuring you arrive at your destination fresh and ready for business. Longer-range jets incorporate seats that transform into beds and some even include an on board shower. Even the smallest luxury private jets for sale have interiors equivalent to those of high-end sports utility vehicles. Cabin altitude pressures tend to be impressive, and noise levels in today’s modern private jet plane cabins are also very low, enabling passengers to rest, work, and communicate in a luxurious environment.
Flexibility: With a private plane, you control your own schedule. With almost 40% of Business Aviation missions involving multiple stops, it’s clear that users enjoy more flexibility and better productivity than if they were restricted to the schedule and destinations of an airline.
Efficiency: Similarly, with aircraft able to access the remote communities the airlines don’t, private jet passengers can get closer to where they need to go, reducing their overall time away from the home or office while maximizing the productivity of their time. Meanwhile, the cabins of private jet planes are usually equipped with excellent and secure connectivity solutions, ensuring passengers stay connected to the ground to enhance their en route efficiency and take care of other business as they travel.
More Jets Information:
Read the latest Jet Comparison articles by Mike Chase.
With over 25 years of trading, AvBuyer is the primary marketplace for private jets, offering the best new and pre-owned jets for sale, plus you can read AvBuyer magazine and our online actionable intelligence resources which offer insight, market data and analysis from AvBuyer’s editors and leading Biz Av industry experts.