Purchasing a private jet involves significant financial commitment, with prices ranging from $2 million to over $110 million, depending on the aircraft type and features. Beyond the initial purchase, owners must budget for ongoing costs such as maintenance, fuel, crew salaries, and insurance, which can total $500,000 to $1 million annually. Alternatives like fractional ownership and chartering offer flexibility and lower upfront costs, making them suitable for those who fly less frequently. Ultimately, potential buyers should carefully assess their travel needs, budget, and the long-term implications of jet ownership versus other options.
Jay Franco Serevilla
Sep 12, 2025
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The Socata TBM 700, also known as the TBM7, is a high-performance turboprop aircraft ideal for private charter travelers seeking speed, efficiency, and access to smaller airports. With a maximum cruising speed of 300 knots and a range of up to 1,550 nautical miles, it offers a comfortable option for short- to medium-haul flights, accommodating 6 to 7 passengers. The TBM 700 is particularly advantageous for executive trips, family leisure travel, and urgent transport missions, providing a cost-effective alternative to light jets. Jettly's platform allows users to easily compare and charter the TBM 700 alongside other aircraft options, ensuring a tailored travel experience.
Jay Franco Serevilla
May 18, 2026
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Estimating flight times is crucial for effective travel planning, impacting schedules and overall trip convenience. This guide outlines how to calculate flight durations based on distance, aircraft type, and external factors like weather and air traffic, emphasizing the use of flight time calculators for accuracy. Jettly's platform provides tailored insights for private jet travelers, helping them optimize their journeys by reducing ground delays and offering flexible routing options. Understanding these elements allows travelers to make informed decisions about aircraft selection and scheduling, enhancing their overall travel experience.
Jay Franco Serevilla
May 18, 2026
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Fractional jet ownership can be a worthwhile investment for high-frequency flyers who travel over 100 hours annually and have a capital commitment of $400,000 or more. It allows owners to share the costs and benefits of private jet travel, providing guaranteed access to a consistent aircraft type and tailored service. However, it is not suitable for those flying less than 50-75 hours per year or with unpredictable travel patterns, as alternatives like jet cards or charter services may offer better flexibility and cost efficiency. Ultimately, understanding your travel habits and financial situation is crucial in determining if fractional ownership aligns with your needs.
Jeff Ryan Serevilla
May 17, 2026
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The leading fractional jet ownership providers in the U.S. are NetJets, Flexjet, PlaneSense, and Airshare, each offering distinct fleet models, pricing structures, and service approaches. NetJets is the largest provider, known for its extensive fleet and global reach, making it ideal for high-utilization travelers, while Flexjet emphasizes premium service and cabin design for those seeking a more personalized experience. PlaneSense focuses on turboprop and light jet efficiency for regional travel, and Airshare offers a day-based model suited for multi-leg itineraries in the central U.S. Prospective owners should carefully evaluate each provider's strengths, limitations, and cost structures to find the best fit for their travel needs.
Jeff Ryan Serevilla
May 17, 2026
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Fractional jet ownership offers guaranteed access to an equivalent aircraft category, but this is subject to specific booking lead times, peak-day restrictions, and operational constraints. Buyers should understand that "guaranteed availability" does not mean access to a specific aircraft at all times, especially during high-demand periods or holidays, where longer notice and potential surcharges may apply. The structure allows for flexibility and cost-sharing among multiple owners, but it also requires careful review of contract terms, including substitution policies and peak calendars. For those seeking more straightforward access without the complexities of ownership, jet cards or on-demand charter services may provide better options.
Jeff Ryan Serevilla
May 17, 2026
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This guide outlines the complexities of fractional jet ownership resale, focusing on resale value, buyback terms, and exit strategies for current and prospective owners. It highlights that fractional ownership is an illiquid asset with significant depreciation, typically retaining 60-70% of its value after three years and 45-60% after five years, influenced by contractual restrictions and provider control. Owners face challenges such as lockup periods, right of first refusal clauses, and ongoing costs until a sale is finalized, which can take several months to over a year. For those seeking flexibility without the burdens of ownership, transitioning to jet cards or charter services may be a viable alternative.
Jeff Ryan Serevilla
May 17, 2026
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5
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Explore our latest articles and updates.
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Private Jet New York to London
Traveling by private jet from New York to London offers a flexible and efficient alternative to commercial flights, with typical flight times of 6–7 hours and costs ranging from $60,000 to $172,200 depending on aircraft type. Jettly's platform simplifies the booking process, providing instant pricing and access to over 20,000 aircraft, including super midsize, heavy, and ultra-long-range jets suitable for this route. Popular departure airports include Teterboro and Westchester, while London options include Luton and Farnborough, chosen for their convenience and efficient customs processing. The service is ideal for business executives and families, with options to reduce costs through empty leg flights and membership plans.
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Sell Your Jet and Switch to Charter
Private jet owners considering selling their aircraft can explore various alternatives to maintain access to private aviation without the burdens of full ownership. Options include on-demand charter services, jet card memberships, fractional ownership, and leasing arrangements, which can significantly reduce costs, especially for those flying under 200 hours annually. Jettly offers a flexible charter model that connects users to a global fleet, allowing for cost-effective travel without long-term commitments. By analyzing flight data and comparing alternatives, owners can make informed decisions that align with their current travel needs and financial goals.
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Disclaimer: Jettly operates as a charter broker, offering access to a global digital jet charter marketplace. Jettly is not a direct air carrier and does not own or operate aircraft. All advertised flights are conducted by third-party air carriers that are fully licensed and hold the appropriate Part 135 or Part 121 certifications issued by the Federal Aviation Administration (FAA) or equivalent regulatory authorities under U.S. or foreign law. Jettly complies fully with the U.S. Department of Transportation's Part 295 and Part 298 Charter Broker regulations. Jettly does not carry additional liability insurance. Passengers are covered by aircraft operator insurance.
