Thinking of starting up your own private jet charter company? While the private aviation industry is booming right now, there are a lot of factors you need to consider before deciding whether or not to set up a jet chartering business.
Here, you’ll discover some of the main things to consider when setting up your own private jet charter company.
Making sure you understand the business
Before starting a private jet charter company, it’s important to have a good understanding of the business. It’s a lot different to a standard airline as you’ll be providing air transport on a more irregular basis. Your customers will have more control over where and when they travel, and many charter companies also offer sightseeing tours and scenic tours.
You’re likely going to have a lot of competition so it’s worth thinking about how you can make your charter service a little more unique. What could you offer that your competitors don’t? Researching as much as you can about your competitors will help you to determine whether there’s a gap for another charter company in your local area.
Also, do you have the right level of experience to start your own private jet company? If not, you’ll want to ensure you get full training before even thinking about setting up by yourself.
The costs involved
It’s a good idea to also research the costs involved with not just starting a private jet charter company but running one too. At the very least, you’re going to need one jet to get started. The cost of buying a private jet can be exceptionally high! Then there are other costs such as insurance, aircraft maintenance and fuel to consider. It’s certainly not the cheapest type of business to start up.
Securing customers
Once you do have your private jet charter company set up, you’re going to need to start securing customers. This means you’ll need to start marketing. Even if you’re only targeting local customers, you’ll want to make sure you’ve got an online presence. Set up a website and create social media profiles to build up your brand. You can also contact them to let them know you’re operating and to add your details to their database.
The above are just some of the things you need to consider when setting up a private jet chartering company. The costs involved are definitely one of the main challenges, though you may be able to seek help from an investor. You’ll just need to make sure you’ve done a substantial amount of research before seeking financial help. That way, you can provide an accurate business plan which highlights how you see the business being successful.
