Invest in Easy Travel
Private planes definitely have a stigma - they're EXPENSIVE. While an airplane may cost more than your car, it opens up endless possibilities for you and your business. Let's do some quick math. If you or your team use airline travel multiple times per month you are likely spending tens of thousands per year getting around the country. The hours spent commuting to and from an airport, waiting in TSA lines and delayed flights work together to hurt your bottom-line.
Price of a Plane
Prices vary widely in the aircraft market, but there are options for every budget. For many individuals and small businesses, travel is regional and a light plane is a perfect choice. Something like a used Cirrus SR22 or Beechcraft Bonanza will run between $200,000-$500,000 and offer efficient and fast travel around a 600-mile area. Annual and hourly operating costs are very reasonable.
For others, something that flies higher and faster may be necessary. A Citation Mustang or Phenom 100 are great planes to buy. These planes cost between $1-$2.5 million and offer 1,000+ mile range and speeds of an airliner. Many owners are surprised how affordable these private planes are to operate.
If these prices shock you, don't fret. There are so many ways to save on both the upfront capital and operating costs. Our group specializes in cost reduction through the use of fractional ownership, leasing, and chartering with our partners. For example, two companies may choose to team up to buy and operate the plane - reducing overall costs by half. We can even help with the matchmaking process.
Save Big on Taxes
We know what you're thinking, how can I possibly SAVE money buying an airplane. It's actually pretty easy, especially for businesses. Recent legislation has allowed for 100% first-year book depreciation for both new and used aircraft. This essentially means that you can "write-off" (deduct) the entire cost of your aircraft on your taxes the year you purchase.
Not only are you saving upfront but a huge portion of related aircraft operating expenses are deductible too. The IRS doesn't view your flight on your business aircraft differently than a ticket on the airlines. You may deduct these company trips the same way you would any other flight. This makes ownership achievable for a huge number of buyers.
Buy a Plane Today
Flight Level Partners specializes in working with first-time buyers. We take the time to educate you, our clients, on both the good and bad of ownership and build ownership strategies that make you successful. We believe that aviation continues to offer unparalleled advantages to businesses and professionals, alike. Call us or shoot us an email today to talk about how ownership can benefit you.