| Small piston engined airplanes are the most | | | | local airport. |
| popular among enthusiasts who wish to own | | | | |
| their own airplane. Flying as a hobby or | | | | For a company with multi-million dollar |
| just for pleasure is very popular all over | | | | turnover, this may be a necessity as they |
| the world mainly because they are safe and | | | | would be using the aircraft all the more |
| easy to fly and maintain. Such aircrafts are | | | | frequently in the course of their business, |
| owned by people from all walks of life - bank | | | | flying quite a few hundred hours annually. |
| employees, architects, engineers, doctors and | | | | But for smaller companies, although they can |
| lawyers. | | | | afford to buy such an aircraft, they need to |
| | | | think if such an additional expense is |
| Many pilots do not own an airplane, but they | | | | necessary considering their actual use. |
| rent them from the local airports, paying | | | | |
| only for the number of hours they fly. If a | | | | A private jet can be chartered for an year's |
| small plane is rented for day for a family | | | | use of around 30 hours of actual flight for |
| outing, it would cost the pilot only about | | | | about $100,000 and the aircraft of your |
| $100 per hour and the actual flying time may | | | | choice will be at your beck and call till you |
| not exceed one to two hours at the most. | | | | complete the 30 hours of flight or one year, |
| | | | whichever is earlier. This works out very |
| Most small airplanes cost about the same as | | | | economical for companies that do not need the |
| an expensive car. Used aircrafts are much | | | | aircraft very often. |
| more economical. | | | | |
| | | | And then there is the Fractional ownership |
| When it comes to larger aircraft, it is a | | | | scheme where several companies join up and |
| different story. The smaller jets cost around | | | | purchase an aircraft, and share the |
| $1.50 to $2.00 million making it beyond the | | | | maintenance and other expenses equally, and |
| reach of hobbyists and pleasure seekers. | | | | paying for the actual flying hours at cost. |
| Typically such aircrafts are owned by | | | | This will work out economical for companies |
| Multinational and "Fortune 500" companies, | | | | who may require using the aircraft more |
| and of course film stars, top sportspeople | | | | often. |
| and the like. Flying and maintaining these | | | | |
| airplanes is expensive. A pilot needs to be | | | | To own or to charter a Private Jet depends |
| permanently employed and the company needs to | | | | entirely on the financial position and the |
| pay rental if the aircraft is parked in the | | | | actual need. |