Although many people think of major airlines when they hear about commercial aircraft, leasing or buying a commercial aircraft makes sense for many smaller businesses, too. Businesses can lease an aircraft as small as a two or four seat plane that carries executives to different work sites around the country, or your business can lease a business jet to transport larger groups of employees.
At first you might think of buying a commercial aircraft as an extravagance, but if your business requires a lot of travel, take a look at your travel budget. Often times it costs less for a growing business to lease an aircraft rather than continuously book travel on major airlines, especially if you or your staff find yourselves on last-minute flights.
Before you make a decision about leasing or buying a commercial aircraft you'll want to learn more about commercial sales and leasing basics, and undoubtedly you have questions like those below.
1. What's involved in commercial aircraft sales and leasing?
2. How does a business lease an aircraft?
3. How can a business find commercial aircrafts for sale?
Learn what's involved with leasing an aircraft or buying a commercial aircraftLeasing an aircraft takes more knowledge and legwork than leasing a car, so before you jump in and makes sense to know what's involved in operating, leasing, and/or owning an airplane. You can talk to other businesses who lease or own aircraft, check out trade journals, and, of course, do your own web research about leasing or buying a commercial aircraft.
Investigate aircraft leasing companiesTalking to an aircraft leasing company can give you an idea of what's involved in leasing a commercial aircraft. Leasing a commercial aircraft instead of buying one makes fiscal sense for many businesses, but different companies have different leasing programs, so it pays to investigate all your leasing options.
Talk to a commercial aircraft brokerage about buying a commercial aircraftBusinesses and pilots all over the world have commercial aircrafts for sale, and a good commercial aircraft brokerage can help you find the right aircraft for your business.
- Have an attorney review any aircraft lease you're considering signing.
- Don't discount the idea of purchasing used commercial aircraft. Used planes aren't like used cars and the seller or lessor should provide aircraft, engine and propeller logs that thoroughly detail the history and maintenance of the aircraft.