User Profile
The aircraft will be available to whom?
- Only Family
- Company Executives
- Mid-Level Management
Destinations, Distance & Frequency
What's the typical flight length?
How often will the aircraft operate on Long-range missions?
One time a week vs. One time a month presents a much different mission profile and aircraft.
How Long are the intended runways?
This factor could affect flight range.
Number of Passengers to be Transported
This is a crucial matter not only because it may require leaving some passengers behind or making several trips, but also because the range of an aircraft depends on the number of passengers onboard. Therefore, some aircraft cannot reach their maximum range when carrying a full load capacity.
BUDGET for Yearly Operating Cost
It is important to consider operating costs when purchasing an aircraft, as they can vary greatly from one plane to another. The cost of operating an aircraft can have a significant impact on your budget, so it's crucial to fit the plane into your expected operating budget. Owning an aircraft that is too expensive to operate may lead to financial difficulties, which nobody wants to face. By understanding your expectations and requirements, you can identify the right aircraft for your needs. Choose wisely and make a smart investment that will benefit you in the long run.
Aircraft Support at Home Base or Abroad
It is of utmost importance to pay close attention to this particular item during the pre-purchase planning phase.
An all-round comprehension of the current environment involves critical factors such as customer support, the availability of spare parts, warranty coverage, urgent service (Aircraft on Ground) number, distance, and capacity of maintenance shops homologated for the model.
These are just a few examples of the crucial aspects that must be considered to ensure a successful purchase.
Range of Investment.
When considering purchasing an aircraft, one of the most significant decisions you'll make is whether to buy new or pre-owned. While buying a new aircraft has its advantages, such as a warranty that covers repairs on the airframe and components, it's important to remember that the new aircraft value depreciates at around 10% per year in today's markets.
On the other hand, purchasing a pre-owned aircraft with a thorough pre-purchase inspection can save you tens of millions of US dollars. Imagine paying less than a third of the price for a pre-owned Falcon 900EX EASY that comes with all maintenance records and logbooks, compared to a brand new one that costs a staggering 45 million US dollars.
A thorough market evaluation can help identify which pre-owned aircraft fits your needs. So, if you're looking to purchase an aircraft, take the time to consider your options and make an informed decision that could save you millions of dollars in the long run.