Unsure of the best way to operate your corporate aircraft? Learn about the different Aircraft Management options available and find the perfect one for your business!
Aircraft ownership can be a great way to fly your business and personal passengers in style. But what are your options once you have acquired an aircraft? In this blog post, we will explore the different ways you can operate your corporate aircraft. We will also discuss the benefits and drawbacks of each option. So, whether you are just starting out in aircraft ownership or are looking for a new way to operate your plane, this blog post is for you!
Manage it yourself
The first option for operating a corporate aircraft is to manage it yourself. This option gives you the most control over your aircraft, but it also requires the most time and effort. Aircraft management includes tasks such as scheduling flights, maintaining the plane, and dealing with regulators. If you choose this option, be sure to have the necessary knowledge and resources to do everything yourself.
Hire a Management Company
Another option for operating a corporate aircraft is to hire a management company to do it for you. Management companies can take care of all the tasks involved in managing an aircraft, including scheduling flights, maintaining the plane, and dealing with regulators. This option can be helpful if you don’t have the time or resources to manage your own plane. However, it can be expensive, and you may not have as much control over your aircraft.
This option will reduce the burden of operating the aircraft and ensure it is ready to go when you require it. Often you will have a dedicated team assist in keeping you in the air safely.
Hire an Aircraft Management / Charter Company
The final option for operating a corporate aircraft is to lease it to a aircraft management / charter company. This option gives you the most flexibility, since you can use the plane for personal or business flights, often offsetting the cost by offering it up for charter flights. However, you will not have as much control over the plane, and it may be difficult to get it back if you need it for personal flights when it has been chartered out.
So, what’s the best option for operating your corporate aircraft? That depends on your individual needs and preferences. But no matter which option you choose, owning a corporate aircraft is a great way to fly in style!
Looking for an Aircraft Management Company?
Selecting the right aircraft management company is an important exercise, remember you are hiring the company you are entrusting your asset to. Operating an aircraft is not something that you can pick up overnight. They need to have an understanding of the regulations for the country you are based in, for example Transport Canada. If you fly in and out of other countries you need a working knowledge of their regulations as well. The aircraft management company should also have a working knowledge of your aircraft type and strong connections with an appropriate Aircraft Maintenance Organization. Remember that they will also be responsible for the airworthiness of your aircraft. Relationships in the aviation are very important.
You should also consider what your primary goal with your aircraft, is it to have it available when ever you require it? The answer to this question will guide you in selecting the operational method that best fits your needs. If you would like to offset some of your ownership cost then an aircraft management company that can offer charters to others may be the way to go.
There is no right method of aircraft operations, the right method is the one that accomplishes the goal that you have set out. This is something that the aircraft management company should sit with you and explore with you.
So, what do you think? Are you interested in learning more about our corporate aircraft solutions and the various options we have for operation? Contact us today for more details – we would be happy to discuss the many benefits of business aviation with you. Please tell us a bit about your aviation goals, we can assist with aircraft management, and more. Whether you’re looking to save time or make a powerful impression, we can help your company soar to new heights.