Private Jet Lease
What Is a Private Jet Lease?
Private jet leasing enables you to enjoy all of the travel benefits of private jet ownership without the significant capital investment of aircraft ownership. Whether you travel for personal or professional reasons, a private jet lease gives you the flexibility to travel wherever you want, whenever you want, all according to your own schedule.
By leasing a private jet, you can:
- Enjoy significant capital savings over aircraft ownership
- Deflect concerns of residual value
- Book flights according to your schedule
- Select your own flight crew
- Travel in total comfort and privacy
- Avoid the hassle of waiting in long airport security lines
- Arrive closer to your destination
- Invite additional people without incurring additional costs
- Choose from a wide variety of aircraft types
How Do I Know If a Private Jet Lease is Right for Me?
Anyone considering a private jet lease should answer a few questions in order to make an informed decision:
- How many hours per year do I fly?
- How frequently do my travel needs change?
- Would a private jet enable me to access airports close to my desired destinations?
- How long are my trips, on average?
- Would leasing offer potential tax benefits?
- How many people do I typically travel with?
- What is my budget?
Private Aircraft Dry Leasing vs. Wet Leasing
There are two different ways of leasing private aircraft. Understanding how they work and fit into your travel needs is essential for making the best decision. Our team of experts can help you identify which type of private jet lease best meets your needs.
Dry Leasing
A dry lease refers to a private jet leasing arrangement in which the aircraft owner provides the aircraft without pilots or cabin crew. The lessee pays the owner a fixed hourly rate, directly purchases the fuel for the trip and directly contracts and pays the flight crew.
In a dry lease situation, the lessee has total operational control over their flights. That makes dry leasing better suited for longer-term private jet leases.
Wet Leasing
A wet lease is a private jet leasing arrangement in which the aircraft owner or operator provides the aircraft and at least one crew member, as well as funding fuel, maintenance and insurance.
In a wet lease, the aircraft owner or operator supplies the crew, fuel, maintenance and insurance for a wet lease, and so they retain operational control. Wet leases typically lasts for a shorter period of time to meet certain defined travel requirements.
Private Jet Lease Costs
When it comes to private jet monthly lessee costs, the general rule of thumb is between 0.75% to 1% of the total cost of the plane per month, plus operating costs (as shown in the table below).
This formula applies to both preowned aircraft and new. It’s important to keep in mind, though, that there are any number of variables to consider, including the aircraft type, distance traveled and so on, that would affect the monthly payment amount.
Breaking Down Private Jet Operating Costs by Model
Light Jet
| Manufacturer | Model | Category | Seats | Range | Cost per Hour | Purchase Price (New) |
| Embraer | Phenom 100 | Light | Up to 5 passengers | 915 nm | $1,523 | $2.5M |
| Cessna | Citation M2 | Light | Up to 6 passengers | 694 nm | $1,502 | $5M |
| Embraer | Phenom 300 | Light | Up to 7 passengers | 1,811 nm | $1,978 | $8M |
| Cessna | Citation CJ4 | Light | Up to 7 passengers | 1,667 nm | $1,952 | $9.6M |
Midsize
| Manufacturer | Model | Category | Seats | Range | Cost per Hour | Purchase Price (New) |
| Embraer | Praetor 500 | Midsize | Up to 9 passengers | 3,340 nm | $3,403 | $17M |
| Cessna | Citation Latitude | Midsize | Up to 9 passengers | 2,455 nm | $3,206 | $17.3M |
| Bombardier | Challenger 350 | Midsize | Up to 8 passengers | 3,277 nm | $3,800 | $27M |
Long Range
| Manufacturer | Model | Category | Seats | Range | Cost per Hour | Purchase Price (New) |
| Embraer | Praetor 600 | Long Range | Up to 12 passengers | 4,018 nm | $3,248 | $21M |
| Gulfstream | G280 | Long Range | Up to 8 passengers | 3,420 nm | $3,838 | $24.5M |
| Dassault | Falcon 2000LXS | Long Range | Up to 10 passengers | 3,803 nm | $3,732 | $35.1M |
| Dassault | Falcon 7X | Long Range | Up to 12 passengers | 5,466 nm | $4,891 | $53.8M |
Ultra-Long Range
| Manufacturer | Model | Category | Seats | Range | Cost per Hour | Purchase Price (New) |
| Bombardier | Global 6500 | Ultra-Long Range | Up to 16 passengers | 6,600 nm | $3,339 | $56M |
| Dassault | Falcon 8X | Ultra-Long Range | Up to 12 passengers | 6,290 nm | $4,811 | $59.3M |
| Bombardier | Global 7500 | Ultra-Long Range | Up to 19 passengers | 7,700 nm | $3,523 | $72M |
| Gulfstream | G650ER | Ultra-Long Range | Up to 18 passengers | 6,520 nm | $5,591 | $72.5M |
The Path to Private Jet Leasing
We’re experienced not only at helping our clients consider proposed private jet lease arrangements and aircraft options, but also the lease terms that best meet their specific needs, all while walking them through the entire private jet leasing process. Our attention to detail, extensive knowledge of the private aviation industry and vast network of connections make us the ideal choice for any interested client.
The VanAllen team leverages our industry experience, expertise and connections to help clients compare options based on their current and future needs to ensure that they’re matched with the right aircraft and aviation utilization model.
Once the client has chosen an aircraft type, VanAllen will help them sort through various proposals from identified private jet leasing companies and evaluate which option will most closely meet the requirements of their unique situation.
Once a provider has been selected, VanAllen will represent the client through the review and will negotiate the terms, final contract and closing on the private jet lease.
Although the billing process for lease providers is straightforward, our team will continue to provide routine statement monitoring and review on an as-requested basis to ensure that the client’s finances are in order.
Alternatives to Private Jet Leasing
If your private aviation needs change, or should you decide that a private jet lease is no longer for you, VanAllen is here to help you identify a more suitable private aviation option, such as:
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