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Unless you spend at least 150 hours a year flying, a private jet rental is probably a better option than buying — that way, you avoid many of the yearly maintenance fees private jets cost you.
This allows people to fly privately for cheaper than the cost of full jet ownership. I toured one of Flexjet's $23 million Embraer Praetor 600s. It costs about $10,000 hourly.
Fractional ownership is when a group of people shares the ownership of a private jet. This can be a more cost-effective way to own a private jet than subscribing to one of the best private jet ...
XO (formerly XOJET) is a US-based private aviation company and subsidiary of Vista Global with its headquarters in Fort Lauderdale, Florida.XO, with a worldwide fleet access of more than 1,450 private aircraft, offers clients on-demand private jet charters with fixed-price membership programs as alternatives to jet cards and fractional ownership of aircraft.
Cost – Private jet travel is very expensive, and the fractional model can be the costliest option (when compared to memberships, charters, etc.). The plans are also complex, with multiple layers of cost that make it nearly impossible to calculate a realistic fully loaded bottom-line per-flight cost.
The tax law allows for taxpayers to immediately deduct the cost of an aircraft purchased and put in service after Sept. 27, 2017, and before Jan. 1, 2027. But this is a tax law tailored to benefit ...
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