Did you know that private jet rental is up by more than 50 percent since the year 2020? There is no better time than now to start a private jet company, but the most difficult part is getting started and knowing the proper steps to take for your flying business.
There are certain steps that you should take if you want to set up your private jet company and set it apart from the competition in your area. More people than ever are looking to charter a flight to their vacation destination or for work.
The good news is that you’ve found the perfect article that will make starting a commercial jet company a breeze. Keep reading to learn more.
Study the Aviation Market
The biggest thing that will determine the success of your flying business is making sure that there is a need from individuals that want to charter a flight or get a private jet rental. If there are a number of people that need your services then it is likely a good area to set up shop with your private jet company.
Secure Your Capital
You’ll need a significant amount of money at your disposal if you want to start a private jet rental company. There is a certain level of luxury that comes with chartering a flight on a private jet and you’ll need big bucks to get nice jets and pay for aircraft maintenance.
It will cost you around $23,000 in order to get your private jet business launched with only one jet but that doesn’t account for the money that you’ll need to spend on mechanics and other employees that are vital to your operations.
Hire Professional Pilots
No one wants to get on board a commercial jet that has an inexperienced or untrained pilot behind the controls. Make sure that you’re hiring qualified and experienced pilots for flying your private jets and catering to your customers. Look for pilots that have at least 1,200 hours of flight experience and 100 hours of flying at night.
Get Licenses and Permits
There are certain licenses and permits that you’ll need to operate a business in your area. You’ll need licenses from the Chamber of Commerce, the Federal Office of Civil Aviation, and the Federal Aviation Administration in order to start and operate a private jet company.
Get Insurance
You’ll also want to make sure that you get insurance that covers your business as well as the jets that your business operates. Accidents happen in the aviation industry and insurance will cover you and ensure that you’re prepared. You should also make travel insurance available to your customers to protect them and their cargo during their journey.
Start Your Own Private Jet Company Today
More people are choosing to book a private jet than ever before, which means that it is time to start your own private jet company today. Make sure that you’re hiring qualified pilots and getting all necessary licenses to operate your business. You should also get insurance for your private jet company.
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