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Private Jet Purchase
Owning a private jet can be prohibitively expensive, and even second-hand jets can be out of reach for many people. If you’re like most people, the thought of owning your own private jet is pretty appealing. The cost, however, of buying and maintaining a jet can be prohibitive, especially if you’re not using it all the time. Ongoing expenses may include flight crew salaries and expenses, the costs of routine maintenance and unforeseen repairs, hangar rental, and aircraft insurance. Leasing a used private jet can save you a lot of money in the long run and alternatives include private jet charter services, fractional jet ownership, membership of a private jet club and purchasing a block of hours. Sentinel will help find the solution that suits your lifestyle and budget.
The cost of purchasing a private jet outright varies greatly, from under $500,000 (€447,000/ £385,000) up to $90m (€80.5m/ £69m). Financing a private jet for the purchase of private aircraft is similar to arranging a mortgage. You provide details of your financial circumstances and details of the aircraft you would like to buy. We then use our Independent Aviation Finance advisers to find you the perfect solution. Details of income, assets and liabilities will enable them to prepare a credit proposal to approach interested lenders. Their goal is to achieve the highest loan to value at the lowest margin.
While many aircraft management companies may offer similar services, as an owner you should take the time to investigate what makes one company different from another and see which one can provide you with the services and accountability that you need. Beyond a reputable name and an established aircraft management process, what criteria differentiates one aircraft management company from another? Considering the scope of experience required to properly manage a multimillion dollar business jet, how do you as an aircraft owner evaluate and identify the best aircraft management company to support your aviation asset? Typically, there are some criteria that are common to almost all owners, and there are other issues that are very owner-specific. The goal for both is to avoid unpleasant surprises after the management agreement is signed. Sentinel Aviation will help you find the right management company.
Buying or selling an aircraft can be a complicated process, especially when it comes to the export and import of the aircraft. There are two main processes that have to take place in order to sell an aircraft to a buyer in a different country- the export and the import. Sentinel Aviation has access to a team of experts who will help you every step of the way, from deregistering your aircraft to getting an Import C of A for the new country. Our goal is to turn this into a seamless process and get you flying as soon as possible.
Owning and operating an aircraft is a complicated process, and it can be difficult to know where to start. Between the different tax laws in every country, the various civil aviation authorities with their differing regulatory requirements, the contrasting legal requirements across different countries, and all of the different customs qualifications… it’s no wonder that choosing where to register your aircraft can feel like an impossible task. Fortunately, there are a number of smaller, more specialised registries that focus on supporting business and private aviation. These registries are much more affordable than the larger ones, and they often offer a wider range of services. Sentinel Aviation can help you find the right one.
Hiring the right pilots, flight attendants and engineers for your aircraft can be a difficult and time-consuming process. You need experienced crew who will fit in well with your team, but finding the right person can be tough. You don’t want to waste time interviewing crew who are not a good fit or do not have the experience you need. Sentinel Aviation has a rigorous vetting process that includes interviews with existing pilots, staff, and other industry contacts. We also use video conferencing to interview candidates so that we can see their skills and personality up close. We have a preferred list of qualified pilots so that you can find the best fit quickly and easily. It’s also important that your chosen crew can communicate and work with your existing staff.
Maintaining your private jet can be expensive if you don’t have the proper knowledge of what needs to be done and when. Without proper maintenance, your jet could suffer from decreased airworthiness, which could lead to costly repairs or an outright grounding of your aircraft. There are a lot of approved maintenance organizations out there, but how do you know which one is right for you? And what about private jet maintenance companies that offer solutions for various types of aircraft? By following a set schedule of maintenance requirements and by using a qualified operator, you can ensure that your investment is well taken care of. Sentinel Aviation will always present you with a proactive planned maintenance schedule so that you know when and where you can expect your aircraft to be available.
Jet owners need to know that their aircraft is properly insured, but the private jet insurance market can be difficult to navigate. There are a lot of brokers and agents in the private jet insurance market, and it can be hard to know who you can trust. As an independent aviation consultancy Sentinel Aviation only works with the best and most financially secure insurance companies. We understand the importance of these multi-million pound private jets, and our experience means that we can provide you with an exceptional service.
