Being a pilot is a great profession that allows you to travel and see the world. But what if you want to take your passion for flying one step further and start your own corporate travel business? Entrepreneurship can be a great way to achieve your dreams and goals, but it can also be tricky if you don’t know where to start.
Your dreams of starting a corporate travel business can become a reality with the proper planning and execution. But before you take off, you should know a few things about aircraft loans and financing to make your dream a reality.
Here, we’ll help you understand the industry and you’ll find different corporate aircrafts for your business to thrive. Keep reading!
Understanding The Industry
Understanding how everything comes together is crucial because travel logistics might be complicated. Business travelers frequently fly in premium cabins, purchase tickets with more flexibility, and schedule their trips closer to departure, all of which result in higher yields.
Commercial executives frequently lack the information and insights to determine whether a certain corporate agreement with a customer actually improves the bottom line or whether it is priced appropriately. A data-driven cockpit is required, utilizing both internal and external data sources to give commercial staff essential visibility.
Many airlines believe that corporate sales should only be conducted by seasoned sales people dispersed throughout essential areas. Three channels are typically used for corporate sales:
- TMCs
- Direct channels (on the airline’s primary booking path or a corporate small- to medium-sized organization portal)
- Indirect channels (such as OTAs and offline agents)
Revenue For Airlines That Come From Business Travelers
Nearly 60% of airline revenue comes directly from passengers. The cost of flights, fees, and other related travel expenses are included in this revenue. However, of that 60% of passenger consumer revenue, the highest income comes from business travelers.
12% of all airline passengers are business travelers. Still, they frequently purchase more costly seats and last-minute tickets, generating twice as much revenue as other passengers. In fact, business travelers account for up to 75% of a flight’s income for some airlines.
The Best Corporate Aircrafts For A Travel Business
- Helicopter: The helicopter is a fast, efficient, and luxurious way to get from one place to another. They are perfect for business travel because they can land in small spaces and offer a high degree of flexibility in routing.
- Jets: They offer high comfort, speed, and safety. They also have an extensive range, which means you can fly to multiple destinations in one trip.
- Turboprops: They are an excellent choice for short to medium-range trips. They are fuel-efficient and have a low operating cost, making them a perfect option for business travel.
The Benefits Of Private Jet Travel For Business
- Productivity: Traveling becomes a quick, seamless process when using private aviation. Your clients won’t have to rush to the airport to deal with checking-in and long security lines.
With private aviation, they’ll be able to avoid crowded commercial terminals. Also, you can work in a schedule that works for you and the clients.
- Efficiency: With jets, you can land closer to your destination at inaccessible airports by commercial airlines. Clients choose jets when their executive team needs to visit multiple cities for meetings; a private air charter can provide incredible cost-saving advantages.
- Security & Privacy: Employees can meet, plan, and work on the move using a commercial jet. They can also talk about proprietary information in a secure environment without worry of eavesdropping or industrial espionage. Private jet charters are known for providing greater personal privacy than any other form of transportation.
How to get the Fleet for your business?
You must work with a trustworthy company if you’re looking for corporate aircraft and aircraft loans. Aircraft financing will allow you to purchase without depleting all of your working capital. Research the available options for business aircraft loans and select the one that best fits your needs.
Work With The Best Aircraft Financing Company In The Country
Are you looking for aircraft loans and financing for your corporate travel business? Look no further than AirFleet Capital. Our loans are designed to help aviation enthusiasts to get the financing they need to get their business off the ground. When you choose our jet financing program, we’ll provide you with a $100,000 minimum loan amount.
The downpayment will be 20% if it’s a private jet or 30% if it’s a commercial one. AirFleet Capital’s staff will assist you through the entire process from start to finish. Get your loan today!
