Jets are some of the most common and useful aircraft in the skies. They are known for their reliability, speed, and efficiency; they also have many features that make them appealing to pilots and passengers alike. Owning a jet can be a great advantage if you’re planning to start or grow a business. Want to find out why? You’re at the right place.
Keep reading to find the basics of jets, like how their engine works, the average speed, and useful life. Here, you’ll also find a list of the different types of private jets and an introduction to aircraft financing.
The Basics About Jets
Engine
Rockets: These jets are used to achieve extremely high speeds or altitudes. They burn through propellant rather quickly because of the extreme, often hypersonic exhaust velocity and the need for an oxidizer to be carried aboard. As a result, they aren’t practical for routine transportation.
Turbojets: Because of their high exhaust speed and small frontal cross-section, it’s best suited for high-speed, usually supersonic, flight. Despite their past popularity, they are relatively inefficient compared to turboprops and turbo fans when flying at subsonic speeds.
Turbofans: Turbofans are typically utilized at high sonic, transonic, and low supersonic speeds and have a lower exhaust speed than turbojets. High bypass turbofans are very effective and frequently used for commercial airliners and subsonic aircraft.
Speed
A typical commercial passenger aircraft flies at about 36,000 feet while traveling at a speed of 400 to 500 knots, or roughly 460 to 575 mph. This is equivalent to Mach 0.75 to 0.85, or around 75 to 85% of the speed of sound.
Useful Life
Jets have an average estimated useful life of 20 years. However, with good maintenance, you can extend its useful life up to 25 years.
Types Of Private Jets
Light-Sized Jet: A light-sized jet is an excellent option if you primarily fly short distances (less than 1500 miles). They typically seat up to 8 people and range 2500 miles.
Midsize Jet: A midsize jet is a good choice if you’ll be flying longer distances and require more amenities. They typically seat up to 10 people and range 3600 miles.
Heavy Jet: A heavy jet is the best option for long-haul travel and offers the most space and amenities. You can operate them in most weather conditions, and they typically seat up to 18 people. Heavy jets can travel up to 6000 miles.
Jets & Corporate Travel
If you’re planning to start a corporate travel business, these are some of the reasons why jets are the best for corporate travel businesses:
- They can help your clients save time by getting to their destination faster than any other type of aircraft.
- Jets are incredibly reliable, so your clients can count on you to get them to their destination safely and on time.
- They offer a lot of amenities that make traveling more comfortable.
- Jets are private spaces, so your clients can conduct business meetings or make phone calls without fearing industrial espionage or physical threats.
- Jets represent a cost-effective travel method for your clients because of their many perks.
Aircraft Financing and Basic Requirements
You’ll need a good credit score, a solid business plan, and the required collateral to finance an aircraft. The average minimum loan amount you’ll get is $100,000, and the repayment period is usually 10 to 20 years.
To get started, you’ll need to fill out an application and provide financial documents, such as tax returns, bank statements, and proof of income. You’ll also need to have a down payment of at least 20% of the purchase price.
Get The Most Competitive Aircraft Loan Programs With AirFleet Capital
AirFleet Capital is a leading aircraft financing company in the U.S. We offer a wide range of aircraft financing programs to meet the needs of our customers. We have a team of experienced aviation lending specialists who will work with you to tailor a financing solution that meets your specific needs.
We offer competitive rates and terms and are committed to providing our customers with the best possible service. By working with AirFleet Capital, you can get a minimum loan amount of $100,000 for both commercial and private jets.
You’ll have to give us a Personal Financial Statement (PFS), 2 years of federal tax return, a current pay stub, and other documents to apply for our loan program. Contact us and learn more!
