Much like the shift to SUVs in the automotive industry, super-midsized jets are quickly rising to prominence within private aviation. These jets are sleeker, more efficient, and more luxurious than other models, offering the perfect mix of style and practicality for business and pleasure. And, since manufacturers have taken note, it’s a trend that looks to continue with the arrival of several enticing new super-midsized jets in 2019 and beyond.
Companies such as Embraer have announced new super-midsized models (Praetor 500 and 600) to capitalize on their bestselling Legacy 450 and 500 super-midsized jets. Textron Aviation is also following suit with new options on their super-midsized 325 Citation Longitude business jet. More super-midsized announcements are expected to follow.
The trend is a mixed bag, according to forecasters. While many jet owners want the efficiency of a super-midsized jet, others cite larger cabins as a primary demand. The data also supports this. According to the forecast, as many as 32% of total units delivered over the next decade could fit the mold of larger jets.
Why such demand?
Super-midsized jets are the best of all worlds. They offer better fuel economy and faster charter times than large jets, with more amenities and spaciousness than small jets. They offer sublime luxury, alongside practical amenities. With transcontinental capabilities, few domestic destinations are too far for a super-midsized jet.
The average occupancy of a super-midsized jet is nine people, comfortably.
Flight times of up to nearly eight hours are capable, though usually much less.
The average super-midsized jet has roughly 112 square feet of baggage space.
Entertainment systems and Wi-Fi are standard on most models.
While all these benefits are key drivers for the super-midsized class, they’re not the only reason for a surge in popularity. As flight sharing and private charters climb into the spotlight, super-midsized jets are the most economical choice for domestic charters. This fact is one of the core reasons for a boon in upcoming super-midsized models.
Cessna Citation Hemisphere (on hold, expected 2019)
Bombardier Global 5500 and 6500 (expected 2019)
Bombardier Global 8000 (expected 2019)
Gulfstream G500 and G600 (expected 2019)
Embraer Praetor 500 and 600 (expected 2019-2020)
Dassault Falcon 6X (expected 2022)
The shift to super-midsized and larger is imminent within the private aviation industry, as evidenced by the lineup over the next year and beyond. This isn’t to say that light and heavy jet classes will disappear. The focus will simply remain on the in-between: super-midsized jets that offer fliers a little bit of both worlds.
The expert jet brokers at L & L International are here to help you acquire the perfect jet. Need to sell your jet? We can assist with that, too. Contact the private aviation professionals online, at sales@L-Lint.com, or at +1 (305) 754-3313.
As an industry grows and evolves, consolidation becomes inevitable. Mergers and acquisitions are the way strong players get stronger and rising stars find success. It’s also a way to weed out inefficiency. In fragmented markets such as private aviation, consolidation is necessary to ensure the continued growth and expansion of the industry, before it begins to stagnate.
A look at the private aviation industry
Consolidation is nothing new for the private aviation sector. From 1955 to present day, 25 original manufacturers have existed. Today, there are roughly 14 producers still putting out jets, with 11 core companies presiding in ownership.
Over the past 60 years, several big names have changed hands and still more jets have fallen out of production. Some notable examples include the world-famous Learjet becoming part of Bombardier in 1990 and Cessna being absorbed by Textron Aviation in 1991. Various other smaller deals occurred right around the same time.
But there’s more consolidation to be had. In an industry such as private aviation, a near 1:1 manufacturer-to-owner ratio is a sign of market share up for grabs. Companies such as Boeing, Airbus, Embraer, and others have only been in the market for two decades, right around the time of the last industry consolidation. Opportunities for acquisition are coming to a head.
Beyond manufacturers
Manufacturers aren’t the only aspect of the aviation industry ripe for consolidation. Thanks to headwinds like the global pilot shortage and the rise of new trends like flight sharing, consolidation is also coming to management firms and chartering companies.
According to a panel of industry veterans at the Corporate Jet Investor Miami conference in November 2018, aircraft management is severely fragmented. Estimates show that the top 10 private jet management companies control less than 10% of the total global managed fleet. The sector needs acquisitions to create an economy of scale, bringing about lower costs and standardized incentives for qualified pilots.
Being able to standardize staffing, charters, jet maintenance, and more will enable the private aviation industry to scale sustainably in the coming years.
Change is already happening
While there are little more than rumblings about manufacturer mergers and acquisitions, change is already sweeping through other parts of the industry. In 2018, private charter broker PrivateFly was acquired by competitor Directional Aviation, creating the world’s largest provider of digital, on-demand private jet travel. The company has access to more than 7,000 aircraft worldwide.
This acquisition hasn’t gone unnoticed around the industry. Many smaller charter companies have begun posturing with hopes of acquisition, while others are certainly thinking more creatively about how to attract and retain customers.
Going back even further, jet management company Luxaviation began an acquisition run in 2014 that tripled its size in just two years. Since then it’s continued to grow, adopting chartered services and building out peripheral services to become a global leader in private aviation services. The company is a key example of what consolidation can do.
As the private aviation sector matures, consolidation is an inevitability. This year may be the year dominoes begin to fall and companies start to join forces, to reap a larger slice of the pie.
Contact the experts at L & L International if you need assistance acquiring or selling a private jet. You can reach our sales specialists today at sales@L-Lint.com, call us any time at +1 (305) 754-3313, or visit us online.
2018 was a rocky year for investments across different asset classes. Real estate coasted to highs across the nation, while the stock market rode a roller coaster through the end of the year. One type of investment soared high and stayed high, however: private jets. Business aviation saw big updrafts last year and will continue to ride these tailwinds deep into 2019.
According to the Jet Support Services Inc. (JSSI) Business Aviation Index, flight hours in the BizAv sector have shown a sustainable increase over the past year. Worldwide flight activity in 2018 was up 4.9% for the year; 4.7% in the fourth quarter. The JSSI Index — which tracks more than 2,000 business jets, turboprops, and helicopters across nine industries — reported an increase of 5.4% in chartered business flights.
Most impressive about the increase in privately chartered hours is the global growth of the industry. North America saw only a modest increase in flight hours (2.8%), while South America (8.1%), Europe (8.8%), and Africa (17.4%) all saw major upswings in private aviation. The global market is thriving.
The market continues to grow
In the United States, there’s reason to believe BizAv will continue steadily on its positive trajectory in 2019. In 2008, about 1,300 new private jets were delivered; however, the industry saw less than half that number in the years following the Great Recession. The industry hasn’t really recovered to previous levels since.
However, with some of the biggest aviation manufacturers located in North America, the number of new annual orders is starting to trend up. Demand from Asia and Europe, alongside domestic orders, is bringing the BizAv industry in America back up to par. And with laws to help owners write off depreciating jet costs as well as better supply chains, it’s getting easier to make, sell, and afford aircraft.
Today, the worldwide fleet consists of about 22,000 private jets — and counting. This number should rise thanks to innovations culminating in jets such as the Citation Longitude from Cessna and the Global 7500 from Bombardier, both slated for delivery later in 2019.
Together, better manufacturing, increased global demand, and innovative new jets are all in a position to push continued growth in the BizAv market.
Depreciation is a headwind
There are many tailwinds working in favor of BizAv right now. However, the industry isn’t without headwinds. Specifically, price depreciation is a glaring concern that could cause growth to taper off.
Since the Great Recession, aircraft values have depreciated rapidly during ownership, sometimes dipping below 50% of their purchase value. This makes private jets less of a value for owners interested in reselling. And while the pre-owned jet market has thrived in the past decade, the time has come for a new cycle of jets to enter the market. Unfortunately, this means owners will have to buy new before others can buy pre-owned. More buyers waiting to acquire a jet secondhand means fewer jets actually entering the market.
If innovation and favorable buying conditions are enough to spark the intrigue of prospective jet buyers, the private aviation market could see continued growth in 2019. If depreciation continues to be severe, many buyers may decide it’s not worth the investment. Time will tell!
The expert jet brokers at L & L International are here to help you acquire the perfect jet. Need to sell your jet? We can assist with that, too. Contact the private aviation professionals online, at sales@L-Lint.com, or at +1 (305) 754-3313.
The demand for chartered flights has never been higher. Unfortunately, access to qualified pilots and other crew has never been more difficult! In a new report from aviation giant Boeing, there’s an unprecedented pilot shortage upon us, with even more problems looming just a few years down the line. Where have all the qualified pilots gone, and what can we do to bring them back?
Breaking down the shortage
According to Boeing’s industry outlook for BizAv, nearly 800,000 new pilots are required through 2037 to keep up with demand. Asia-Pacific and North America will have the highest demand, requiring 261,000 and 206,000 new pilots respectively. And, of the total world demand for pilots, Boeing estimates business aviation pilots to account for 96,000 of them.
While these numbers show promising growth for a globalized industry, they also point toward an unprecedented shortage of talent. In an accompanying press release, Boeing notes that “this represents double the current workforce and the most significant demand in the outlook’s nine-year history.”
What happened to the pilots?
The lack of qualified pilots is a tale of two problems: too many outgoing pilots retiring and not enough new pilots to keep up with growing demand. There are also several headwinds bearing down on the aviation industry that have led to problems attracting and retaining pilots.
According to a report by Forbes, roughly 50% of all pilots in the air today are baby boomers. When the aviation industry rapidly commercialized in the 1980s, these individuals joined the workforce and created the foundation for today’s market. Unfortunately, hires have stagnated and many of these original pilots are retiring.
The barriers for entry into the aviation industry are high. Most pilots get their start in the Air Force, but with general armed forces enrollment down, commercial and business pilots are being forced to find programs outside of the military to train them. Flight school can take years to complete, with each year costing as much as $100k — a prospect not appealing to the debt-conscious.
Being a pilot means subjecting yourself to tremendous regulation from the FAA. Pilots need to satisfy the 1,500-hour rule to get their Air Transport Pilot (ATP) certificate, along with another 1,000 hours before they can achieve the rank of captain. These barriers deter many would-be pilots from pursuing a career that takes a long time to fully develop.
These factors and more have forced many current and new pilots into lucrative contracts with commercial airlines to retain their talent. The result is fewer available pilots for BizAv and fierce competition to attract and retain new pilots.
Will anything change?
In a survey of pilots through the Business Aviation Management Committee (BAMC), quality of life is cited as a top concern for pilots. To account for this, commercial airlines have begun creating schedules that are conducive to pilot happiness, leading to better retention. For BizAv to become an enticing career option, this industry must do the same.
Providing gainful employment, with opportunities for advancement and the potential for a good quality of life, will make BizAv an attractive sector for pilots. And as the pilot shortage struggles on with no end in sight, attracting and retaining pilots becomes more critical with each passing month.
Contact the experts at L & L International if you need assistance acquiring or selling a private jet. You can reach our sales specialists today at sales@L-Lint.com, call us any time at +1 (305) 754-3313, or visit us online.
If your business has recognized the need for a private aircraft, the question becomes whether to buy or lease one. There are pros and cons to both, dictated primarily by your business’s access to capital and its attitude toward having an asset (or liability) of this magnitude on the balance sheet. Should you buy an aircraft or lease one? It depends!
The case for leasing
Did you know that more than a third of all aircraft operated by airlines are leased? In the past decade, there has actually been a rising trend in aircraft leases, as opposed to purchases. Even buyers who have the cash on hand to purchase a jet are choosing to lease. Why?
Leasing an aircraft has several clear benefits, chief among them affordability. Not only do you forgo the upfront cost of purchasing a jet outright, but the cost of ongoing ownership is also much lower. This means more cash on hand in the immediate, as well as over the long-term. Businesses can take the capital they may have spent on an aircraft and put it to work elsewhere, growing the business or paying down debt.
Speaking of debt, buying a jet outright automatically adds a burden to the balance sheet. Because aircraft depreciate so quickly, your aircraft will weigh down the wrong side of the books as a liability if you purchase outright. Leasing keeps it off of the balance sheet.
Another bonus to leasing? You’re not stuck with a jet you don’t want. Depending on whether you choose a capital or operating lease, it’s easy to walk away from a jet when the terms of your lease are up. No finding a buyer; no writing off depreciated costs.
Why to buy?
There’s a saying: “If it floats or flies, rent it.” This is in reference to the high cost of ownership that comes with boats and aircraft. However, what’s not represented in that quippy saying is the major convenience that comes in addition to this cost. Sure, you’ll spend more to maintain your aircraft, but you’ll also get maximum convenience from it.
The first and best reason to buy a jet is to turn it into a revenue stream. Hiring a jet management company and chartering your jet privately is a great way to make money for your business or recoup the cost of your jet. Because you financially own the aircraft, any money it makes flows directly into your books.
Owning a jet that makes money also means being able to list it as an asset on your balance sheet, not just a costly liability. Couple this with depreciation write-downs over time and you’ve got an asset that keeps getting more and more valuable to your operations! And if you’re ever in a tight spot and need the cash, there’s always a secondary sales market for well-maintained aircraft.
Which is right for you?
Do you have $3-90 million to put into a jet? How about a plan for turning your investment into a revenue stream? Is there any exit strategy for your jet if you no longer need or want it?
Observing your situation and understanding the pros and cons of both leasing and buying an aircraft can help level out the landscape for making your decision. It all depends on your financial stability, demand for private air travel, and time horizon for ownership.
The expert jet brokers at L & L International are here to help you acquire the perfect jet. Need to sell your jet? We can assist with that, too. Contact the private aviation professionals online, at sales@L-Lint.com, or at +1 (305) 754-3313.
Private jets have been a symbol of wealth and luxury since the early 1960s. But today, they’re so much more. Not only are private jets a status symbol that allow owners to travel at their leisure but they’re also practical investments for doing business and accessing an increasingly globalized world. Let’s take a look back to see how far private jets have come in just half a century.
Lear Jet 23
Jets in retrospect
The history of private jets can be traced back to 1963, when the original Lear Jet took flight from Wichita, Kansas. As soon as it hit the skies, the Lear Jet 23 became indicative of something bigger than itself. It was the start of the BizAv industry. Later that same year the first “executive jet” also took flight. The Mystère 20, produced by French firm Dassault, was heralded as the next leap forward in the world of corporate business.
With two classes of private jets now available to businesses and high net-worth individuals, the BizAv industry slowly moved from newfangled and futuristic to practical. Then came the era of Gulfstream jets.
The Gulfstream II debuted in 1966 and revolutionized BizAv. These jets combined the practicality of smaller personal jets with the large cabin space and luxuries of business jets, heralding a model that still leads the industry today. From there, Gulfstream continued to dominate the industry as more and more private jet manufacturers began to spring up. In the late 1960s and early 1970s, notable names such as Embraer and Boeing entered the market, each with its own Gulfstream-like jets.
Gulfstream II
It wasn’t until the early 1990s that the industry saw its next monumental shift in design and innovation: Cessna. The Cessna Citation X featured amazing new flight capabilities, unparalleled cabin luxuries, and state-of-the-art technology that immediately catapulted it to the forefront of private jets. The Cessna Citation XL followed in 1996, again revolutionizing the possibility for private air travel.
Citation X (left) and XL (right)
By 2008, Gulfstream put itself back on top with the G650, the longest-range jet in existence at the time. To show off its abilities, it circled the globe in just 41 hours and 7 minutes! Since then, the BizAv industry has been a battle of innovation, with supersonic jets, unparalleled luxuries, and biofuels making way for marvel after marvel.
More than luxury
Despite a focus on luxury, modern private jets are the perfect mix of practicality and professionalism. Today’s corporate jets are offices in the sky where work gets done, as well as revenue streams and assets for companies doing business globally. Equipped with satellite phones, Wi-Fi, and multimedia tech, modern jets aren’t just about getting to where you’re going: They’re about getting the most done while en route.
The future of private jets
The BizAv industry is due for another rippling wave of change; this decade promises the age of better tech. Already, aircraft manufacturers are exploring opportunities for smartphone integrations, robust cabin controls through touchscreen devices, audiovisual systems, and smart devices.
Many of the big-name players such as Gulfstream and Textron Aviation (makers of Cessna) are still making aircraft today. And where these manufacturers once defined the industry through mechanical innovation, the future is looking bright thanks to their continued emphasis on innovation — this time, within the realm of tech and amenities.
Contact the experts at L & L International if you need assistance acquiring or selling a private jet. You can reach our sales specialists today at sales@L-Lint.com, call us any time at +1 (305) 754-3313, or visit us online.
Buying a jet is no small investment. Even beyond the multimillion-dollar purchase price of the jet itself, there’s the cost of fuel, crew, maintenance, storage, and more to consider. To prevent your jet from becoming a money pit, you’ll need to find ways to offset the cost of ownership. Luckily, savvy jet owners can do a few things to mitigate their costs over time — and eventually offset the entire cost of the jet.
Create a revenue stream
The simplest, most lucrative way to offset the cost of private jet ownership is to turn your asset into an active revenue stream. Allowing clients and private customers to charter your jet gives you the ability to charge for its use, rather than watch it depreciate in a hanger. You’ll need a few things to get started.
A good aircraft management company is imperative. A management company will take care of bookings, handle staffing, ensure maintenance, and oversee anything else that goes along with chartering your aircraft. With the right management company on your side, you’ll have to do almost nothing to start earning revenue from your jet.
Next, you’ll need to position your jet in a hub where it’s going to see use. Parking it at an airfield like LAX or ATL will almost guarantee clientele, since these are major flight hubs. Keep in mind what while this opens up the potential for revenue, your jet won’t always be instantly accessible to you.
Finally, make sure you’re chartering good flights. This means booking round-trip charters to double your cash flow or having a return flight booked from a destination back to your hub.
Unlock your full business potential
Buying a private jet isn’t just about making a statement. Remember, you can also leverage a jet into business operations as an asset. Being able to fly from ORD to DXB or LHR opens you up to international business — and doing it without the frequent cost of flying first-class commercial is a great reason to invest in an aircraft. When you compound saved costs with new business revenues, you might find that a good chunk of your jet pays for itself!
In addition to this, you may also be eligible for tax breaks and discounts for crew training, fuel, insurance, and hangar costs. Flying more than 300 hours annually can warrant a full-time crew, which becomes important if you’re making frequent international trips.
The power of depreciation
The single biggest tool for recouping the cost of your private jet is the jet itself: specifically, depreciation. Thanks to depreciation write-offs, private jet owners could write down as much as 70% of their jet cost in the first three years of ownership! This is because the IRS-specified use life of aircraft is just five years. Even though most jets are owned for far longer, after five years the IRS considers them fully depreciated — which means you can salvage much of the ownership cost.
A combination of private charters, practical use, and creative tax write-offs can help you recoup the cost of your private jet purchase quicker than you think. And once you’ve recovered the cost you initially paid, any additional revenue your jet unlocks is pure profit. It’s a smart way to turn a balance sheet liability into a major asset.
The expert jet brokers at L & L International are here to help you acquire the perfect jet. Need to sell your jet? We can assist with that, too. Contact the private aviation professionals online, at sales@L-Lint.com, or at +1 (305) 754-3313.
The date for Automatic Dependent Surveillance-Broadcast (ADS-B) compliance is now less than a year away. Unfortunately, less than half of the U.S. fleet is on track to be equipped when the deadline comes around. The Federal Aviation Administration (FAA) will ground aircraft until they meet compliance, which means 2019 is shaping up to be a huge logjam for private jet owners who are under the gun.
What is ADS-B?
ADS-B stands for Automatic Dependent Surveillance Broadcast, a type of surveillance technology that utilizes satellite navigation to broadcast the position of an aircraft. This technology will improve air traffic management and replace radar positioning.
Since ADS-B utilizes satellite technology, radar isn’t necessary to keep the system working properly. The FAA has decided to mandate ADS-B equipment for the entire U.S. aircraft fleet. By January 1, 2020, all aircraft flying in controlled airspace must have ADS-B technology equipped, to promote consistency across the industry.
Industry non-compliance
Despite the FAA’s best efforts to ensure compliance with its 2020 ADS-B equipment mandate, over half of the U.S. aircraft fleet is expected to miss the deadline. As of November, 2018, just 30% of the U.S. fleet was properly equipped for ADS-B.
ADS-B compliance is becoming an increasingly big issue in the private aviation industry, where a number of factors are preventing owners and operators from achieving compliance:
Inspection slot scarcity: One of the most significant challenges facing aircraft owners and operators is the scarcity of inspection slots. As the required compliance date gets closer, slots are filling up faster and faster.
Cost to upgrade: Many aircraft owners chose to delay their ADS-B equipment upgrades, hoping costs would go down — but costs have been steadily increasing as the FAA deadline nears.
Equipment shortages: As time goes on, equipment availability becomes a major concern. Aircraft owners and operators without an existing relationship with an aircraft mechanic or technician are the ones most affected by equipment shortages.
Acting as soon as possible to schedule an ADS-B inspection is the best thing you can do to keep your aircraft from falling into non-compliance. There are just 12 months left!
Common ADS-B questions
Still unsure of what ADS-B is all about? Here are a few of the most common questions aircraft owners have:
Why did the FAA mandate ADS-B equipment? Why did the FAA decide to switch from radar to ADS-B in the first place? ADS-B offers a number of key advantages over radar technology, including better environmental outcomes, increased safety, and more accurate aircraft tracking. Through this mandate the FAA will ensure precise tracking, more direct routes, shortened flight times, reduced emissions, and decreased costs.
What ADS-B equipment do I need? Different aircraft require different ADS-B equipment. For aircraft that fly below FL180 and only fly within the United States, a universal access transceiver broadcasting over the 978 MHz link is sufficient to meet the equipment mandate. Aircraft flying above FL180 and aircraft that fly internationally require a 1090 MHz extended squitter unit.
Where is ADS-B required? Any aircraft flying in Class A, Class B, Class C, or Mode C veil airspace needs ADS-B equipment. This equipment is also required for aircraft flying in Class E airspace above 10,000 feet.
Still confused? Be sure to consult with your routine inspection provider about ADS-B stipulations or visit the FAA website for more information.
Contact the experts at L & L International if you need assistance acquiring or selling a private jet. You can reach our sales specialists today at sales@L-Lint.com, call us any time at +1 (305) 754-3313, or visit us online.
2018 was a big year for BizAv. Will 2019 show the same promise? It’s hard to tell, with positive prospects and negative possibilities coming together in crosswinds that will slowly die down as the year moves forward. What we can do is look at emerging trends and upcoming milestones in the year ahead that will help shape the immediate future of BizAv.
2019 headwinds and tailwinds
The aviation industry has a lot going on right now, which makes for a tricky combination of headwinds and tailwinds. A few of the biggest include:
Pilot shortages: One of the most significant headwinds facing BizAv in 2019 is a shortage of pilots. The entire aviation industry is feeling this shortage, but it’s most significant in private aviation where companies must compete with the consistency and stability that commercial airlines can offer their pilots.
Industry growth: Regardless of how the private jet market changes in the coming year, the industry is slated for growth. The pool of private jet clients and providers will grow in 2019, as will the availability of private jets worldwide, contributing to a major tailwind for the industry.
Tech upgrades: The boom of technology in recent decades has impacted virtually every industry, including BizAv. As aircraft designers and manufacturers become more tech-savvy, private aircraft are becoming more luxurious, more comfortable, and more efficient thanks to new technologies.
Market cycles: Like any industry, BizAv is subject to a cyclical market that rises and falls over time. Experts expect that a downturn in the U.S. economy could occur as early as October of 2019, so it’s important for businesses in the BizAv industry to be wary of potential headwinds in the coming months.
Which of these trends are likely to continue in 2019? Signs point to the pilot shortage and tech upgrades, with the industry likely showing its cyclical nature later in the coming year.
2019 private jet launches
Those who are closely watching the BizAv industry can also look forward to the launch of new private jets in 2019. The Bombardier Global 8000 is scheduled for delivery in the coming year and will feature streamlined cabin design, seamlessly blending productivity and comfort. The Cessna Citation Hemisphere is another innovative jet that’s currently on hold —but we may see deliveries in 2019 if Cessna presses on with the launch.
Upcoming BizAv events
On top of all the new market trends, technological developments, and product launches on the horizon, there also are a variety of upcoming events designed for current and prospective jet owners.
AERO Friedrichshafen: The 26th annual AERO Friedrichshafen trade show will take place in Friedrichshafen, Germany, from April 10-13, 2019.
EBACE 2019: EBACE 2019 in Geneva, Switzerland, will bring together industry leaders, experts, and other professionals for an incredible event from May 21-23, 2019.
AeroExpo UK: Attendants of AeroExpo UK will be able to enjoy the best of the global aviation industry at the Wycombe Air Park in Buckinghamshire, England, from June 13-15, 2019.
Next year promises to be a busy one for BizAv. There’s plenty to talk about in the industry as a whole, as well as some exciting new deliveries set to hit the market in the next 12 months. True, 2018 was a great year to buy a private jet — but if things continue, 2019 could be even better.
The expert jet brokers at L & L International are here to help you acquire the perfect jet. Need to sell your jet? We can assist with that, too. Contact the private aviation professionals online, at sales@L-Lint.com, or at +1 (305) 754-3313.
Many people think simply owning a private jet is the pinnacle of luxury. But, like everything else in life, the sky is the limit for exactly how sophisticated this investment can be. Between top-end tech, comfort amenities, and in-flight service, many private jets take lavishness up a notch. After all, if you’re spending tens of millions on your own personal jet, why not make sure you’re getting your money’s worth?
Luxury private jet features
Buying a private jet is one of the biggest investments a person can make, so it’s no wonder that jet buyers seek out the best of the best when it comes to features, finishes, and amenities.
Whereas practicality weighs heavily into purchasing a car, private jet purchases are often made with all the bells and whistles in mind. In response to these consumer demands, private jet makers are pulling out all the stops to deliver the most luxurious flight experience possible.
Here are five of the most luxurious amenities modern jet manufacturers are incorporating into their aircraft.
Gourmet kitchens: Airplane food has been the subject of endless complaints from flyers for decades. With a full-sized kitchen, private jet owners can enjoy freshly prepared meals no matter where they roam.
Full-sized bathrooms: When you’re rushing to a meeting hours (or even minutes) after you land, you might not have the opportunity to freshen up beforehand. That’s why so many private jet owners choose aircraft with full-sized bathrooms, featuring showers for passengers.
Theater systems: Jet owners spend much of their time on business while they’re flying, but that doesn’t mean they don’t need time to unwind. Theater systems with large screens, surround-sound speakers, and luxurious seating are highly popular among prospective jet owners.
Meeting rooms: On longer flights, jet owners have the opportunity to get some work done as they travel to their next destination. With onboard meeting rooms — complete with conference tables, chairs, and high-tech presentation equipment — jet owners can collaborate with their team and get work done from anywhere.
Dedicated bedrooms: After hours of hard work, everyone needs some time to rest and recharge. Dedicated bedrooms in private jets offer the perfect place for jet owners to unwind and rest in complete privacy.
What more could you want from a private jet? The amenities go far beyond what’s listed here, and there’s no telling what the next wave of luxury aircraft amenities will be.
The future of private jets
As technology develops and improves, private jets are becoming even more luxurious. The developments made in the coming decades will enable manufacturers to produce lighter components that permit more ambitious jet interiors, defined by seamless layouts, sophisticated design, and enhanced functionality.
Would you rather have an in-flight theater system or a state-of-the-art lounge chair? A full kitchen or a spacious boardroom? Regardless of your preferences, rest assured they’re rooted in luxury when you purchase a private jet.
Contact the experts at L & L International if you need assistance acquiring or selling a private jet. You can reach our sales specialists today at sales@L-Lint.com, call us any time at +1 (305) 754-3313, or visit us online.
The focus on super-midsized jets stretches back to 2015, with the successful launch of the Cessna Latitude and Embraer Legacy 450. Since then and looking into the future, super-midsized jets are the clear market leaders:
2018 was a big year for BizAv. Will 2019 show the same promise? It’s hard to tell, with positive prospects and negative possibilities coming together in crosswinds that will slowly die down as the year moves forward. What we can do is look at emerging trends and upcoming milestones in the year ahead that will help shape the immediate future of BizAv.