When Canadian software tycoon Jim Perchaluk explains his experience flying privately, it becomes evident that some of the most intrinsic benefits are the ability to avoid what Perchaluk refers to as “airport friction”. That being long security lines, baggage loss, delayed flights and those unruly passengers who are intent on using your shoulder as a pillow. For traveling CEOs like Perchaluk, what helps him justify the costs of owning a plane is not only the time saved, but also the relief he gets from avoiding the mental anguish commercial travelers are dealing with day in and day out. While airline passengers are playing the waiting game, Perchaluk explains how he simply goes to the nearest airport, hops in his plane and takes off. “It takes me five or ten minutes. There’s no security, there’s no lineups, nothing” he says.
Another of Perchaluk’s favorite perks of flying privately is the ability to hop to multiple locations. “Detroit, Harrisburg and Washington. I could do all that in a day. You couldn’t do that commercially” he says.
For Perchaluk, there is no greater answer to the first question he’s always asked when traveling to a meeting; that question being “When do you have to leave?” at which point Perchaluk used to quote the time of his flight and they’d waste ten minutes calculating traffic, wait times and lineups before rushing through their meeting to get him off to the airport in time.
Now that he flies privately, the answer is simply “When we’re done” and according to Perchaluk that’s a priceless answer. “It just shows so much respect your client” says Perchaluk, “the world can wait. We have an important conversation going on.”
In addition to the travel flexibility, there are a vast number of benefits that many jet owners feel are essential to their affluent lifestyles. From complimentary access to town cars to opulent lounges that cater to every whim. When time outweighs cost and becomes the most important asset in your portfolio, moving into private jet travel can fast track you into a lifestyle you’ll never look back from.
For many companies with a flight department, the jet that’s used is based on their needs at the time. Even large companies with a Gulfstream or Challenger will typically own or charter a smaller aircraft when it’s more practical to do so. When traveling distances of 2,100nm (2,416 miles/3,889km) to 3,000nm (3,452 miles/5,556km) and in smaller parties or groups (up to ten or less in some cases), the cost savings of operating a smaller jet can be significant. Whether you’re in the market for full ownership, fractional or charter, your choice of aircraft should be based on your typical use. If you mainly take shorter flights to regional meetings or a vacation home, a light jet, while having limited space and range can provide a number of perks that larger planes don’t offer. Benefits such as the ability to land at airports with shorter runways closer to your final destination. Some might also consider a greener footprint on the environment and the ability to save money on operating costs, which keeps private owners, or shareholders and clients happy. Crew requirements can also be a consideration. For those who can use a lighter jet, we’ve reviewed cabins, avionics, capabilities and statistics to offer suggestions for top light jets. Be sure to check available light jets for sale on JamesEdition.com.
4. Beechcraft Hawker 400XPR
Often described by pilots as a favorite light jet to fly, the Hawker 400XPR boasts power and performance capabilities that outweigh some of its top competitors. Where the Hawker really makes its mark though is the price. As one of the least expensive light jets to purchase and maintain, the XPR comes in at a lower cost than other new jets in the class.
While there are certainly more luxurious and well-appointed jets than the XPR, this aircraft is ideal for the price-conscious consumer looking for a reliable private jet that will remain stable throughout its flight envelope. This is a perfect plane for the first-time buyer.
Price: Approx. $7.4 million USD
3. Bombardier Learjet 60XR
The Learjet family from Bombardier has long been a driving force in the aviation industry. Often the most recognizable private jet, it’s been a feature in Hollywood cinema for decades and has amassed a following like no other jet in its class.
With an intimidating ramp presence due to its lineage, the Learjet 60XR offers pilots cutting edge avionics and passengers a stylishly appointed cabin sure to impress those with even the most discriminating tastes.
Backed by best-in-class service from legendary aviation leader Bombardier, owners can rest easy knowing that they’re flying in one of the safest and most reliable jets in the world.
Price: Approx. $14 million USD
2. Embraer Phenom 300
Price: Approx. $8.14 million USD
1. Cessna Citation X
Price: Approx. $22.9 million USD
By: J.A. Shapira for JamesEdition
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