Is it better to rent or buy an aircraft?
Is it better to rent or buy an aircraft? Renting is a good option for those who only fly occasionally or who prefer not to deal with the responsibilities of aircraft ownership, while owning is a good option for those who fly frequently and who want the flexibility and customization that comes with ownership.
How rich to own a plane?
It all starts with purchasing an airplane, which, depending on its size and configuration, may cost anywhere from $3 million to upwards of $90 million. Our estimates find that annual operating costs—including repairs, gasoline, and pilot salaries—could reach $1 million.
Can you make money leasing aircraft?
Lease-back opportunities are a great way to make money from your aircraft while you are not using it. If negotiated correctly, flight schools can agree to pay for all maintenance of the aircraft. This means you get to fly an aircraft and pay nearly $0 in extra expenses when it comes to maintenance.