Nothing puts you in charge of your schedule and your destination like owning your own aircraft. Spend less time at airports, and have more time to do business.
Look at your journey over the last 12 months as a starting point: how much have you traveled, how far, and how many passengers? Do you have any special requirements, for the aircraft and its abilities or performance? These are all considerations that need to be taken into consideration when choosing an aircraft.
You and your team will have a shortlist of models that suit your requirements as a result of all your research. Your advisors must have included the features and advantages, strengths and disadvantages, and standard costs for each model on the list. Now it's time to see what is available in the market.
A technical assessment by an expert will assist you with pre-purchase inspections and will be able to provide you with a plane that will accommodate you with some suggestions. This will help you with maintenance and repairs following the purchase.
Financial considerations are whether you are intending to buy or rent outright and whether you are finding funding or whether the purchase is self-funded. The amount you borrow will have a huge effect on the overall cost of your purchase, so it helps to make some effort to find the right funding source.
When making a purchase of this amount, before you make your final decision, you want to be sure you get a chance to get it professionally checked and inspected by an engineer. You never understand what kind of maintenance, particularly when buying used, can need to be done.
For details on our full safety and due diligence process, please visit our security page, here.
When you have agreed to purchase a specific aircraft, set in writing the terms and conditions of the agreement. This is for the safety of all parties, considering that verbal contracts are often difficult to execute. It is important to move the title and register the aircraft with the new owner, to ensure the aircraft with the new owner, and to physically hand over the aircraft.