More executives turning to private jets

| Print |  Email
Archives - May 2008
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

100 Best Green Workplaces announced

News
Wednesday, May 27, 2015
OBM-100-best-Green-logo-2015-1000pxwBY LINDA BAKER | EDITOR

More than 250 people turned out today for Oregon Business magazine’s seventh annual celebration of the 100 Best Green Companies to Work For in Oregon.


Read more...

Nine lives

Linda Baker
Friday, May 22, 2015
0f4f7bfBY LINDA BAKER | EDITOR

Roy Kaufmann always lands on his feet.


Read more...

The 5 highest revenue-generating parks in Oregon

The Latest
Thursday, June 11, 2015
parksthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

In 2014, total revenue for camping and day use in Oregon State Parks was a little more than $17 million. That figure may even higher this year "because we've had exceptionally nice weather," Hughes says.


Read more...

Department of Self-Promotion

Linda Baker
Wednesday, June 17, 2015

061715-awards1Oregon Business wins journalism awards.


Read more...

Apartment Mania

Guest Blog
Thursday, June 18, 2015
4805983977 11466ce1d6 zBY BRAD HOULE | CFA

While most categories of commercial real estate have performed well, one of the most robust has been apartment buildings.


Read more...

6 things to know about the Amtrak Cascades route

The Latest
Friday, May 22, 2015
thumb3BY JACOB PALMER | DIGITAL NEWS EDITOR

The recent tragedy in Philadelphia has called attention to Amtrak and the nation's woefully underfunded rail service. Here are six facts about the Amtrak Cascades corridor between Eugene and Vancouver B.C. 


Read more...

Oregon businesses face destruction from future earthquake

The Latest
Wednesday, May 20, 2015
htctthumb1BY KIM MOORE | RESEARCH EDITOR

An earthquake would completely destroy many Oregon businesses, highlighting the urgent need for the private and public sectors to collaborate on shoring up disaster preparedness, said panelists at an Oregon Business breakfast summit today.


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