While there are some longer-term financial advantages to outright ownership for those who require significant amounts of flight time and last-minute itineraries, newer leasing and fractional ownership instruments begin to blur the lines that once separated ownership experiences from leasing experiences.
By leasing, you will avoid the substantial premium and capital risk associated with outright ownership while still enjoying flexibility in terms of aircraft access and flight availability during high-traffic portions of the calendar. Additionally, when you lease from Paramount Air Charters, you will benefit from industry-leading inflight experiences, access to the latest fleet of aircraft, and a dedicated team of experts to assist you with all of your private aviation needs.
While each provider is unique, leasing requires an initial capital outlay that falls between that associated with fractional ownership and a jet card. Without having to take on the upfront costs of owning an asset, including depreciation risks, leasing with Paramount Air Charters is a smart choice for those who desire the benefits of fractional ownership but wish to avoid a large upfront investment.
Additionally, leases are an attractive option for corporate flight departments as they qualify as a “travel expense” rather than an owned “asset”.
Designed for travelers who fly 50 or more hours per year yet wish to avoid a large capital deployment, leasing provides access to multiple aircraft types and sizes. Plus, our team of aviation experts handles every aspect of your travel and ownership experience. Here are some of the significant components surrounding the lease and operation of your aircraft:
- Security Deposit: A fully refundable deposit upfront based on aircraft and allocation of hours.
- Monthly Lease Payment: A fixed-rate amount based on aircraft and annual flight hours allocation.
- Monthly Management Fee: Covers the indirect costs of operating an aircraft, including pilot training, insurance, crew provisions, cabin support, and administrative costs.
- Hourly Rate: Charged for each hour an aircraft is in-flight, plus 2/10 taxi time. This rate also includes direct costs associated with maintenance, standard catering, engine costs, and pilot fees.
- Incremental Purchasing Power: Add 25-hour blocks of flight time to accommodate changes to your travel needs, or, purchase hours from fellow Owners through Flexibility Plus.
- Aircraft Flexibility: Choose from seven unique aircraft to accommodate your range and passenger needs.
- Flexible Contract Commitments: A minimum 30-month term up to a maximum term of 60 months.
- Short Call Out Time: As a Paramount Air Charters leaseholder, book a flight with as little as 10 hours** advanced notice.
- Fuel Component Adjustment: Added to the base hourly rate to account for fluctuations in the cost of fuel, which varies monthly.