Tag Archives: business jet

How to Buy a Private or Corporate Jet: The Features & Benefits to Corporate Aircraft Ownership

In the last post, we at Covington Aircraft covered the basics on how to choose the perfect corporate aircraft for your business or private needs as well  as things to consider in pricing. In this edition of the “How to buy a Private or Corporate Jet” series, we talk about the features and benefits to corporate aircraft ownership.

Many corporations purchase corporate aircraft or invest in fractional ownership of jets due to the tax deductions such ownership can provide.  However, there are other financial advantages to owning a corporate jet.

Customized Corporate Jet InteriorCustomized Features

 

Owning a corporate jet allows the company to customize the interior of the aircraft to allow executives the ability to work as they travel in far more comfort than they can find on a commercial jet.  Elegant designer interiors can be expensive, some running as high as $85 million, but these features allow company employees to hold private business meetings as they travel to their destination, eliminating non-productive time spent on commercial jets with crying children and tight seat spaces.  In addition to the interior of the jet, the aircraft engine can be customized as well.  High quality engines, such as the PT6A from Covington Aircraft, offer reliability and reduced maintenance costs which also can save money.  Covington even offers loaner engines to eliminate downtime while your corporate aircraft is being repaired and their AOG services provide expert knowledge of aircraft engines.

Time Savings

 

Most airports offer many time savings to corporate executives who utilize private aircraft.  Many have private parking and private security checkpoints for those who use corporate jets, as well as executive lounges and free transportation to and from the airport.  Executives are able to avoid the hectic atmosphere of an airport and there is no waiting for luggage in baggage claim when they arrive.  One of the biggest benefits to owning a corporate jet may be flexibility.

Corporate Jet OwnershipFlexibility

 

Corporate aircraft are not limited by the hub and spoke system of commercial airlines and are able to schedule flights with much more flexibility.  Any corporation who has lost a major contract due to a missed connection and additional expenses for overnight accommodations for staff stuck in a connecting city can understand the benefits of corporate jet flexibility.  In addition, because private jets are smaller, they are able to land at smaller, commuter airports that may be closer to the desired destination than commercial airlines can.

Purchasing a corporate jet provides significant financial savings for those who spend many hours in the air.  With attractive financial packages available, the tax advantages to jet ownership and the time savings involved, purchasing corporate aircraft is a beneficial financial decision.

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Corporate Jet Series – Most Expensive Celebrity Business Jets blog – Covington Aircraft

Which Celebrity Owns the Most Expensive Business Jet?

Information about the highest-priced jets owned by celebrities  is not easy to find.

The answer to this question will have to be a multiple answer because the price paid for a business jet can add up to a good deal more than the price of the jet. With the price of customization of an aircraft as an unknown, it is hard to determine which high-flying palace cost the most.  The concession will be a listing of who owns what and let your imagination run wild from there. One thing is for certain, there are people out there who own some beautiful aircraft.

If we are going to list the most expensive business jets, why not start with the biggest?

The biggest of the business jets we found belongs to Sergey Brin and Larry Page, the co-founders of Google.  Their Boeing 767-200 wide body is by far the biggest. During the customization of the interior, there was a legal issue with the designer, so the total cost of refurbishment included legal fees.  This flying penthouse features two private staterooms, seating for fifty and, of course, a kitchen.

John Travolta loves to fly his Boeing 707-138B.

QANTAS-John-Travolta-707-100B-N707JT-59-V-JetGrd-MIA-BDLRThe price of this plane comes into question. John received his 707B from Quantas Airlines as payment for his continued ambassadorship for the airline. Built in 1964, the 138B was a model only purchased by Quantas. This model is 10 feet shorter in the rear fuselage, making it the shortest of the 707’s and helping to give it an increased range. Purchased by Quantas new, it has since been through a number of owners, including Frank Sinatra from 1972 to 1975.  It shares its home with a vintage Gulfstream IISP and the Travolta family. Yes, the family lives in a home near Ocala, Fla., off of John’s 1.4 mile private airstrip.  The planes are both berthed in carport-like structures that are attached to the home.  The Travolta home resembles a squat control tower. The 707 is the family vehicle while the Gulfstream is John’s sports car.

Oprah cruises around at Mach 0.85.

Oprah-JetThe leathery interior of the Bombardier Global Express XSR was purchased by the production company, HARPO, for Oprah Winfrey.  It’s touted as the most expensive business jet at $49.3 million just for the jet, excluding interior furnishings.  With a 94-foot wingspan and a 99-foot, 5-inch length, it is not as large as the commercial liners, but it will leave them behind.  Cruising at Mach 0.85 (Mach 0.89 top speed) it will travel 6,150 miles with a ceiling of 51,000 feet.  Designed to seat nine and a crew of four, the cabin sports 6 foot, 3 inches of head room and a floor-line width of 6 foot, 11 inches with a length of 48 feet. This aircraft has been in production since 2005.

What will power your flying penthouse?

When considering a power plant for a corporate aircraft, three things should come to mind: dependability, versatility and the latest technology.  Pratt & Whitney Canada’s PT6A can provide the power to ensure you are receiving the value your investment in an aircraft should deliver.  The reason to own a private or business jet is to ensure you can get where you need to go, when you want to go there.  Covington Aircraft is a Pratt & Whitney Canada authorized distributor and designated overhaul facility.  Founded in 1972, Covington Aircraft has seen a lot of overhauls, knowing what makes the PT6A the most popular engine in its class.  Offering state-of-the-art engine testing facilities and new engine installations, Covington Aircraft maintains a complete line of engine parts and accessories so they can get you back in the air in the shortest time possible.  Competitive pricing on aircraft engine services ensures that what is important to you is important to them, especially your bottom line.

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