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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.
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.
Our Account Auditing services are affordable and will have a significant impact on your bottom line – giving you the peace of mind you deserve.We get paid based on a percentage of the value of the errors that we identify. We are confident, if there is a major error, we will find it. If you charter, we can also identify ways to make it more profitable.
Maintaining your jet can be expensive if you don’t have the proper knowledge of what needs to be done, and when. By following a set schedule of maintenance requirements you can ensure that your investment is well taken care of. We 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.
Hiring the right pilots, flight attendants and engineers for your aircraft can be a difficult and time-consuming process. Sentinel Aviation has a rigorous vetting process that includes interviews with existing pilots, staff, and other industry contacts. We have a preferred list of qualified pilots so that you can find the best fit quickly and easily.
Buying or selling an aircraft can be a complicated process, especially when it comes to the export and import of the aircraft. Our goal is to turn this into a seamless process and get you flying as soon as possible.
