Why use an Aircraft Management Company
Clients new to owning private jets always ask "Why use an Aircraft Management Company?"
This article will outline the basic elements of aircraft management.
When your private jet is managed by a management company, they typically take care of various aspects related to the operation and maintenance of the aircraft. Here are some common things that happen when your private jet is under the management of a company:
1. Operations: The management company handles flight scheduling, crew management, and ensures compliance with aviation regulations. They coordinate the logistics of your flights, including arranging ground handling services, fueling, and flight planning.
2. Maintenance: The management company oversees the maintenance and upkeep of your jet. They schedule regular inspections, coordinate repairs and servicing, and ensure compliance with safety standards. This helps keep your aircraft in optimal condition.
3. Administration: The company takes care of administrative tasks such as aircraft registration, insurance, and record-keeping. They handle paperwork, manage contracts, and deal with regulatory requirements on your behalf.
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4. Financial Management: A management company often provides financial services related to your private jet. They can assist with budgeting, cost analysis, and financial reporting. They may also handle billing, invoicing, and payment processing.
5. Charter and Revenue Generation: If you allow your jet to be available for charter when not in use, the management company can help market and arrange charter flights. This can generate revenue to offset some of the costs associated with owning and operating the aircraft.
Overall, having a private jet managed by a management company allows you to offload various responsibilities and tasks associated with aircraft ownership. It helps ensure smooth operations, maintenance, and compliance while providing convenience and professional support for your private aviation needs.
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