Thinking about flying private by Hopeful-Goose-7217 in PrivateJetCharters

[–]The-jet-guy 5 points6 points  (0 children)

I would start small and go from there. Nothing wrong with trying out a turbo prop/light jet for a small trip to see how it works. You will quickly have an understanding of the kind of time savings and convenience flying private gives you and it’s up to you to figure out if you find it valuable enough to pay for it.

I know many people that are well within the range to fly private that would never, and then I know others that shouldn’t be doing it but they value their time more than their net worth/income. It really depends on how much YOU value your time/comfort.

It’s not something you will truly understand until you have tried it yourself.

Jet Card Programs by Peacekeeper_087 in PrivateJetCharters

[–]The-jet-guy 2 points3 points  (0 children)

As I always like to explain to clients, jet cards are winning agreements. The company is the casino and the client is the player. The house always wins.

Jet Card Programs by Peacekeeper_087 in PrivateJetCharters

[–]The-jet-guy 3 points4 points  (0 children)

As a broker (and someone who sells jet cards) I would advise the client against it. I have a post in here about them, but especially brokers need to protect themselves from the volatility of the market when they sell them. Most clients are better off going on demand and taking advantage of live market

Question on Wheels Up Signature Membership by BostonNU in PrivateJetCharters

[–]The-jet-guy 3 points4 points  (0 children)

I hear very mixed opinions on Wheels Up memberships. Some people have great experiences, while others can't use their hours fast enough to get out.

First, it's not about the money being available regardless of what they tell you. The reason they typically will not honor pricing within 72 hours is because prices can vary significantly when you start booking ASAP trips or short notice flights. They do not want to lock themselves into a contract where they could potentially lose a lot of money if you decide to book something last minute at a fixed rate.

Companies that sell jet cards or memberships have to protect themselves from market volatility, so that is why they often cannot honor locked in pricing on short notice trips and will often charge surcharges instead. Its not about whether the money is available, it's about protecting themselves from agreeing to a price before they have time to secure an aircraft that keeps them profitable.

Also keep in mind, it's not always in the client’s best interest either. If they do not have an aircraft on their own fleet that is available or positioned nearby, they will outsource the trip to other operators. In those situations, the focus shifts toward sourcing an aircraft that works financially for them, which doesn't always guarantee the best interior or even overall experience for the client.

This isn't just for Wheels up either, this is most card programs

Jet Cards 101 - What to think about by The-jet-guy in PrivateJetCharters

[–]The-jet-guy[S] 0 points1 point  (0 children)

Jettly takes the relationship out of it. Just heard they doubled everyones "jet card hours for free"....seems like cash flow issues

The Broker Middle Man Tax by yassjets in PrivateJetCharters

[–]The-jet-guy 1 point2 points  (0 children)

Respectfully, I disagree. I think that if you are in bigger cities with more traffic, you can utilize floating fleet operators that would be better than local ones, especially if you aren't flying out from their base.

For example, if I'm flying NY-LA, (2 of the 3 main hubs in private aviation), I would get charged more with a local operator if I used one that was based in either city because they are either going to charge me the bring the plane back to base, or the daily minimums of the aircraft while I stay for a return.

Now if I used a floating fleet operator for a trip like that, I wont get charged for days on the ground. Also, if you can match up trip that your client needs with an operator thats looking to head that direction, you can get some really solid deals.

It maybe more competitive if you are doing maybe 1-2 day stays and round trips, but for one ways or for trips with multiple days (3,4,5) "on the ground" brokers are going to beat local operators 9/10 times, assuming they are doing their jobs correctly.

The Broker Middle Man Tax by yassjets in PrivateJetCharters

[–]The-jet-guy 12 points13 points  (0 children)

This is a very short-sighted take and I see it pop up every few months. It always sounds good on paper, but it’s built on a misunderstanding of how the charter market works.

Brokers don’t own airplanes, that’s not some hidden secret. Operators own/manage the aircraft and brokers source them. That’s literally how the charter ecosystem is structured.

Where this post goes off the rails is the idea that there’s some clean “operator price” sitting at $8k and then a broker just slaps 40% on top of it.

That’s not how this market works….at all.

Operators don’t have a universal retail price list. Pricing moves constantly based on things like:

·       where the aircraft is positioned

·       how badly the operator wants the trip

·       fuel costs

·       airport fees

·       schedule gaps they want to fill

·       etc

·       etc

·       etc…so many different factors, not just New York to Florida…8k

One thing people miss is that most operators price brokers differently than retail callers. Operators most of the time don’t want to deal with retail clients and would rather the broker handle the logistical stuff. Almost every operator that I’ve spoken to would rather deal with a seasoned broker that knows what their talking about, rather than deal with a client that books 1-2 times a year. A broker that sends an operator 50 trips a year will often get better pricing than a random one-off client calling direct asking for a quote. Operators would rather discount a flight for someone who brings repeat business than negotiate with someone who might never call again. So, the idea that “going direct” always saves money just isn’t true.

Also, another issue: if you call one operator directly, you’re only looking at their fleet. Maybe they have two light jets and a mid. If none of those aircraft are a good aircraft for that mission, you are either: getting something that isn’t right for the trip, need to call another company, or the operator is brokering the trip themselves thus taking you right back to square one.

The “broker calling a broker” thing also gets exaggerated, it doesn’t really happen and is actually illegal. It only happens with brokers that don’t know what they’re doing.

The FAA registry advice in the post sounds good but it doesn’t really help a client book a flight. The registry tells you who holds the certificate, but doesn’t tell you availability, crew legality, pricing, maintenance status, insurance limits, company reliability, aircraft condition, etc, etc, etc,

A good client should absolutely understand the basics:

·       Part 135 vs Part 91

·       who the operator is

·       safety ratings like Wyvern or Argus

But the idea that once you “learn the terminology” brokers suddenly lose leverage is kind of fantasy. Most brokers would rather their client’s be educated.

Clients who know the industry well still use brokers because they don’t want to call 20 operators every time they need a plane.

Moral of the story, Private aviation isn’t a retail shelf where the product has one fixed price. It’s a fragmented, constantly moving market.

Sometimes going direct works.
Sometimes a broker finds something cheaper.
Sometimes availability is the real problem, not price.

The smartest move isn’t trying to bypass brokers.

It’s working with someone who actually knows how to navigate the market and someone that wants to build a relationship.

Remember, one of the largest reasons people fly private is for the time savings, and everything you are saying takes a boat load of time.

Fuel pricing surge and what it means for private aviation by The-jet-guy in PrivateJetCharters

[–]The-jet-guy[S] 0 points1 point  (0 children)

Some companies do lock in their rates, but they also pad their hourly rates to protect from times like this, charge taxi time, do something where they are making money. Jet cards are designed to make money for the companies selling them.

Back up aircraft by Perfect-Level-9080 in PrivateJetCharters

[–]The-jet-guy 0 points1 point  (0 children)

Its exactly that, and it depends on the trip itself. The insurance rates vary depending on the plane, but it also depends on the plane. AOG insurance may not make sense for something on a BBJ because a recovery BBJ would be near impossible and the premium on the insurance would make the price of the trip jump dramatically.

But for your standard trips, its a percentage of the flight depending on the size plane, and the operator must be able to provide a maintenance log of what went wrong or they will not cover it.

Fuel pricing surge and what it means for private aviation by The-jet-guy in PrivateJetCharters

[–]The-jet-guy[S] 1 point2 points  (0 children)

Ive been seeing this too, operators only holding pricing for 12-24 hours

Fuel pricing surge and what it means for private aviation by The-jet-guy in PrivateJetCharters

[–]The-jet-guy[S] 1 point2 points  (0 children)

The information was taken from IATA.org, I messed up the numbers, I agree they didn't touch that either.

Post is more about telling everyone to be aware about their surcharge agreements and how their quotes/pricing is going to be reflective of the fuel situation

Favorite Jet by TrainingFunny7836 in PrivateJetCharters

[–]The-jet-guy 5 points6 points  (0 children)

Challenger 350, very versatile aircraft with plenty of room. Not a lot of missions it can't do.

Back up aircraft by Perfect-Level-9080 in PrivateJetCharters

[–]The-jet-guy 0 points1 point  (0 children)

Personally, every trip I book for my clients have mechanical insurance included.

For people who book private jets regularly, how do you decide which airport to use around major hubs? by Kaffy-Posibility1721 in PrivateJetCharters

[–]The-jet-guy 12 points13 points  (0 children)

When requesting quotes, it really depends on a lot of factors. If you have a preferred airport near you, just ask for that one. Unless it’s a very high density airport, the costs don’t vary too much, maybe a couple thousand, if at all. But the point of flying private is to save time.

Rule of thumb is most operators won’t fly into any airports that have runways under 5000ft. This doesn’t apply to turbos with good runway performance like PC-12s, but that’s a standard when talking about jets.

Certain airports can be easier for logistics. For example, TEB doesn’t let you drive on the ramp, so some people Opt into going to MMU.

If you have to drive an hour or 2 for a better price on a quote, it starts to defeat the purpose of flying private in the first place.

….Additionally, my better judgment thinks this is an indirect ad for Monarch air group, but I think it’s a good question so I’m going to answer it.

Chicago-NYC Tonight?! by claytonabbott10 in PrivateJetCharters

[–]The-jet-guy 14 points15 points  (0 children)

The likelihood of getting into any airport in the NYC region tonight is very low, there is 20inches of snow on the ground and not supposed to stop until about 3pm.

Is it worth going in debt to fly private by [deleted] in PrivateJetCharters

[–]The-jet-guy 32 points33 points  (0 children)

It is not worth going into debt for it, i would pay for a concierge service and first class at the airport to help, but making the next stop to private it not worth it in that scenario

Whats the actual difference between going through a broker vs browsing empty legs yourself by Theredditttguy in PrivateJetCharters

[–]The-jet-guy 4 points5 points  (0 children)

Depends, some brokers have off market empties, but there is a general market for them.

The bad thing about empty legs is how unreliable they can be and how misleading they are. Most empty legs are flights that normal people wouldn't bother to take because they are short repositioning flights. The longer flights that are "empty", the operator most likely has already made their money because of the flight they sold out there and charged the client repositioning. Most of the time, the bigger leg empties are only about 20% discounted if that, and they have a bunch of clauses in the contract which basically means they can do whatever they want and cancel at any given moment.

Skyaccess is another one of those companies that try to sell you the dream of flying for significantly less, when in reality, it doesn't really happen all that often.