AvBuyer Magazine June 2019

Page 76

Ownership 2.qxp_Finance 21/05/2019 10:51 Page 1

OWNERSHIP

Supplemental Lift— What’s Best for You? Are there some business travel needs your aircraft can’t fulfil? David Wyndham explores the option of supplemental lift. What is supplemental lift, and how can you use it as an

appropriate add-on in your current aircraft operations?

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upplemental lift may be a logical alternative to your current aircraft. As the term implies, supplemental lift is an add-on to your current operation – it is not a replacement for your current aircraft. What it does is to achieve a means of expanding your operation without adding another aircraft, extra crew, and support. It may be that you have a specific need for short-term lift if an aircraft in your operation is undergoing a major maintenance event. Or you may need extra flight hours beyond what your current aircraft can support. Alternatively, there may be several unique missions on the horizon for which your current aircraft is unsuitable. Perhaps you simply wish to bridge the gap before acquiring another aircraft as 76 ❘ Vol 23 Issue 6 2019 ❘ AVBUYER MAGAZINE

your flight operation grows. Thankfully, there is a range of supplemental lift options available that offer a modest number of additional flight hours without the costs associated with actually owning an extra aircraft. Within this article, we will consider the following questions:

• •

What are aircraft charter, jet cards and fractional ownership? When does supplemental lift make sense?

What are Aircraft Charter, Jet Cards and Fractional Ownership?

Aircraft charter enables you to rent an aircraft for a trip. With charter, you pay the entire time the aircraft is flying (including any unoccupied i.e. www.AVBUYER.com

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AvBuyer Magazine June 2019 by AvBuyer Ltd. - Issuu