There is no limitation to dreams. Many people who reach the peak of their business and financial standing dream of having a private jet of their own. It is pretty glamorous to have a private jet. There is everything – luxury, privacy, and convenience. Although you can enjoy all these benefits by hiring aircraft charter services, owning a private jet is something else. There are no restrictions, you can fly anywhere, anytime.
However, the maintenance and management of private jets is an expensive task. There are some specialized options in the market you could use. One of them is outsourcing the job.
Outsourcing your private jet’s management could be a decision you will never regret. You can enjoy plenty of benefits by outsourcing your private jet’s maintenance:
When you use an outsource company, you are going to save a lot of money. It is a more cost-effective service than having a personal maintenance team. An outsourcing company has multiple staff with different specialties, engine, airframe, and avionics. You can get full access to them for one price. You can save your costs on:
- Reduced cost on staffing crew
- Access to better machinery
- Bulk purchase discount on parts
- Specialized expertise in particular crafts
You can save a significant amount of money on both insurance and coverage with aviation outsourcing. An aviation management firm insures numerous fleets, allowing them access to volume discounts. What these companies save are passed on to the client. Also, they have a better understanding of the type of coverage they need to properly secure the investment.
When you outsource aviation management, you get the services of qualified staff who are professionally trained. Any matter at hand, they can handle it most professionally, causing no downtime for your business. On the other hand, if you are relying on in-house staff, you will have to make arrangements for their training. Other than that, you may also have to get them certified, for which you may have to bear the cost as well. Only then they will be able to offer prompt expertise.
For any business to survive and thrive in the cut-throat competition, regardless of its nature and field, it needs to employ best practices. And private jet management is no exception. You need to have an understanding of and access to the best practice methodology to be able to manage the business most effectively and turn it into a profitable venture. This is where outsourcing can come into the picture. By handing over the responsibility of aircraft management to professionals, you can rest assured that up to date management practices and latest methodologies are being used for your business.
Revenue Via Chartering
Private jet owners can benefit substantially from outsourcing managed services for their aircraft. It is up to them to decide when their jet is going to be available for hire. On the other hand, the charter services are going to handle operations, marketing, along with sales, and logistics.
It results in an overall net benefit, and some instances, a serious windfall gain.
Access to Finance
With professional aviation management services, you increase your chances of acquiring finance for your next purchase. The majority of aviation finance companies seek prospective clients with an experienced manager. A professional and experienced person allows them peace of mind and benefits from their learning and skills in the aviation field.
Valuable Advice for Future Acquisitions
Owing to their years of experience and skills in the aviation field, your aviation manager can give you worthy advice regarding future acquisitions if you wish to add to your fleet in the future.
Aviation management firms ensure strict compliance across their management portfolios. First of all, compliance offers are exposed to certain circumstances that boost their knowledge and experience. On the other hand, the team available in-house gain experience and continue to learn while dealing with the same regulatory framework year after year.
Reduce HR Overhead Costs
The HR department has to take care of costs with in-house management of aviation. There are leaves, sick days, performance management, and moderation overheads. In many cases, these tend to be quite costly, and rather unnecessary for the business.
When you hire the services of a professional aviation management company like Empire Aviation, you liberate the HR to focus on the essential objectives while reducing or eliminating unnecessary costs.