When most people today hear the term, personal air travel, the regular picture that springs to mind is a jet-setting movie star or CEO, reclining in a leather couch mattress on his Gulfstream Jet 30,000 ft in the air. Nevertheless, in fact there are thousands of thousands of aircraft available for lease throughout the USA on any given day. In the following guide, we’ll touch on three distinct ways that organizations and individuals manage to use personal air travel without needing to be a multi-millionaire.
Hourly Lease There are many aviation firms in addition to private owners who provide their aircraft for private lease. Unlike leasing a jet, a personal aircraft leasing doesn’t arrive with a pilot, and surely no scantily clad stewardesses. Typically the kinds of airplane rental options that come from the summertime involve aircraft such as a Jetsmarter or even a Piper Arrow, each of which qualify as small aircrafts.
Not just anyone off the street can go rent a plane however. Qualification requirements include a legal pilot’s permit, a legitimate flight physical (medical check-up), and evidence of tenants insurance. Furthermore, many airplane owners need evidence of coverage under a non-owned liability insurance coverage to protect against the unlikely but very dangerous situation of a crash.
Aircraft Leasing For bigger aircraft, you will find several leasing options that are typically offered. The first is called ACMI, which stands for Aircraft, Crew, Maintenance, and Insurance. Beneath an ACMI lease, the lessor provides the aircraft, an entire paid team, and aircraft maintenance and insurance. The lessee has cover for all fuel, landing, handling, parking, and storage charges, in addition to liability and liability fees and luggage/passenger insurance as important. ACMI lease spans are often shorter in duration, since the lessee typically guarantees a minimal number of flying hours each month, and can be billed accordingly whether they use all of them. Occasionally an ACMI lease can also be called a wet or moist rental, but the specific differences between every term may differ from nation to nation.