| Small piston engined airplanes are the most popular | | | | needs to pay rental if the aircraft is parked in the local |
| among enthusiasts who wish to own their own | | | | airport. |
| airplane. Flying as a hobby or just for pleasure is very | | | | For a company with multi-million dollar turnover, this |
| popular all over the world mainly because they are | | | | may be a necessity as they would be using the |
| safe and easy to fly and maintain. Such aircrafts are | | | | aircraft all the more frequently in the course of their |
| owned by people from all walks of life – bank | | | | business, flying quite a few hundred hours annually. But |
| employees, architects, engineers, doctors and lawyers. | | | | for smaller companies, although they can afford to buy |
| Many pilots do not own an airplane, but they rent them | | | | such an aircraft, they need to think if such an additional |
| from the local airports, paying only for the number of | | | | expense is necessary considering their actual use. |
| hours they fly. If a small plane is rented for day for a | | | | A private jet can be chartered for an year's use of |
| family outing, it would cost the pilot only about $100 per | | | | around 30 hours of actual flight for about $100,000 and |
| hour and the actual flying time may not exceed one to | | | | the aircraft of your choice will be at your beck and call |
| two hours at the most. | | | | till you complete the 30 hours of flight or one year, |
| Most small airplanes cost about the same as an | | | | whichever is earlier. This works out very economical |
| expensive car. Used aircrafts are much more | | | | for companies that do not need the aircraft very often. |
| economical. | | | | And then there is the Fractional ownership scheme |
| When it comes to larger aircraft, it is a different story. | | | | where several companies join up and purchase an |
| The smaller jets cost around $1.50 to $2.00 million | | | | aircraft, and share the maintenance and other |
| making it beyond the reach of hobbyists and pleasure | | | | expenses equally, and paying for the actual flying |
| seekers. Typically such aircrafts are owned by | | | | hours at cost. This will work out economical for |
| Multinational and "Fortune 500" companies, and of | | | | companies who may require using the aircraft more |
| course film stars, top sportspeople and the like. Flying | | | | often. |
| and maintaining these airplanes is expensive. A pilot | | | | To own or to charter a Private Jet depends entirely |
| needs to be permanently employed and the company | | | | on the financial position and the actual need. |