Home Archives May 2008 More executives turning to private jets

More executives turning to private jets

| Print |  Email
Thursday, May 01, 2008

Jet.jpg

So you’re  on the brink of closing a lucrative deal, but while standing in line at the airport the terminal intercom announces that your flight has been delayed, again.

It’s reason enough to think about renting a private plane. As instances of lengthy flight delays at commercial airports hit new record highs, according to a recent Department of Transportation report, what might have seemed like an extravagance before might seem like a bottom-line business necessity now.

The trials of commercial flying are a boon to private jet charter companies as customers who seek not just luxury but also reliability and punctuality abandon the airlines and hire their own jet, says Flo Newton, president of Global Aviation, a jet charter company based at Hillsboro-Portland International Airport.

“They don’t want to be at the mercy of the airlines,” says Newton.

Sure, the luxury doesn’t hurt, but it’s also about the convenience of avoiding time-consuming security lines in a post 9/11 world, says Mike Selby, director of flight operations at Flightcraft, a Portland-based jet charter service.

“They drive their car right up to the plane,” Selby says.

Overindulgent? Maybe. But at least it’s easier than renting even the sexiest car. Most charter services will provide a quote over the phone based on your needs, which can depend on travel distance, speed and amenities, to what type of jet satisfies your innermost flying ego.

For charter services the rates are hourly, ranging from $1,450 per hour for a turbo-prop jet at Flightcraft up to $8,000 per hour for the posh Gulfstream at Global Aviation. But don’t worry, you don’t have to fly the planes yourself; both come with pilots.

The prices can seem justifiable, even comparable, when factoring in the cost of hotel fees and lost time when flying commercial, says Selby. After all, closing that big deal on time might be worth millions.

Or if chartering a jet just isn’t enough of a rebellion against the airlines, you might want to really splurge by becoming a fractional owner of a plane through New York-based Marquis Jet. Starting at $126,900 for a 25-hour Jet Card, you get on-call access to the Berkshire Hathaway-owned NetJet fleet. And you can say you did business with Warren Buffet.                                    

JASON SHUFFLER



Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it
 

More Articles

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


Read more...

The Bookseller

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Everyone knows college is expensive, but a look at the numbers brings that into sharp — and painful — focus.


Read more...

Revenge Forestry

November/December 2014
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

Gone Girl

News
Monday, September 29, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Wehby disappears, Kitzhaber fails to disclose and Seattle gets bike share before Portland.


Read more...

Three problems with Obama's immigration order

News
Wednesday, November 26, 2014

BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR112614-immigration-thumb

By now, anyone who knows about it has a position on President Obama’s executive order on immigration. The executive order is the outcome of failed attempts at getting a bill through the normal legislative process. Both Obama and his predecessor came close, but not close enough since the process broke down multiple times.


Read more...

Two Sides of the Coin

Contributed Blogs
Wednesday, October 22, 2014
22 twosidesBY JASON NORRIS

Historically, when the leaves fall, so do the markets. This year, earnings, Europe, energy and Ebola have in common? Beyond alliteration, they are four factors that the investors are pointing to for this year’s seasonal volatility.


Read more...

The short list: 5 hot coffee shops for entrepreneurs

Contributed Blogs
Friday, November 14, 2014

CupojoeBY JESSICA RIDGWAY

Oregon entrepreneurs reveal their favorite caffeine hangouts.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS