maintenance

Just like with your car, your aircraft has maintenance requirements.

With regular usage, scheduled and unscheduled maintenance will occur.

 

The same goes for your aircraft. No aircraft is exempt from maintenance.

The Federal Aviation Administration (FAA) requires that all jets undergo an annual inspection, which must be conducted by a certified mechanic.

Private jet maintenance is required to ensure the safe and reliable functioning of an aircraft during flight.

For whole aircraft owners, aircraft maintenance typically falls on the owner to coordinate. Choosing the right company for maintenance is essential to the performance, longevity, safety, availability, and value of the aircraft.

 

There are a variety of calendar and hourly inspections usually set up on 12-month intervals and or 200, 400, 600, or 800-hour intervals.  Typically, the longer the interval, the more in-depth inspection. In addition, the more frequently an aircraft is flown, the more often it requires maintenance inspections. Unscheduled maintenance occurs when a component of the aircraft malfunctions and must be addressed prior to the next flight.

Many business people are afraid to invest in and buy a business jet because they are concerned about maintenance and related operation costs, as well as hidden costs that might require them to pay more and more weekly. In their mind, a business jet will eat their money. Let me take those worries away!

 

Therefore, having a clear view of operational needs and costs is essential. By assessing and understanding what your total costs could be, you can also better manage and control various fees and make sure there will be no bills that surprise you at the end of the day.

 

#1. purchasing cost

 

#2. Operational cost f.e.

 

 - fixed costs associated with owning a plane, including crew and maintenance staff salaries, hangarage fees, maintenance packages

 - administration expenses, civil aviation licensing, insurance, etc. I

 - yearly insurance fees, engine oil costs, etc.

 

#3. Variable costs

 - fuel,

 - maintenance package per hour,

 - handling,

 - dispatch,

 - destination hanger fees,

 - terminal fees,

 - navigation fees,

 - crew costs,

 - accommodation

 

Variable costs directly relate to type of aircraft, the make, model, the year it was built, frequency of use, hours in the air, number of landings, and so on.

 

 

But to give you an indication; according to estimates on the cost of private jet maintenance, most jet owners end up shelling out between $500,000 up to $1,000,000 each year on ongoing expenses related to maintenance, storage, repairs, insurance, fuel and more.

 

 

If full ownership doesn’t make sense for you, fractional ownership may be an option instead. With fractional ownership, you own a share of an aircraft and pay a proportional amount of the plane’s maintenance costs, typically on a monthly schedule. You’ll also have to pay an hourly flight rate when you use the plane.