Turbulence in the aviation industry may leave some private flyers uneasy about available and trusted options to fulfill their flight needs. Like any investment, a little due diligence and research is key to finding a reliable program. Follow these steps when looking for reputable flight options for your family or business:
Scrutinize the costs
As the old saying goes, if it’s too good to be true, it probably is. That quote you receive may seem like a great deal for the advertised benefits but consider what you aren’t getting. What is being cut to keep the costs low? Perhaps the level of service won’t meet your expectations, or the aircraft is older than anticipated. You may also want to consider which costs are variable and which costs are fixed. For example, fuel and insurance. These costs are often unpredictable and can pose risks to flight operators who choose to absorb them, which can result in an unsustainable program. Always study the fine print. It’s possible there are many hidden fees not outlined in the initial proposal.
Look at safety protocols
Travelers should always be confident in the safety standards of the operation they’re considering before signing any agreement. Ask the tough questions. Insight into the company’s standards for pilot training, aircraft maintenance, and aircraft age is valuable. Is the program accredited by ARGUS and IS-BAO? If so, what level status has the program achieved? ARGUS recently introduced ARGUS Platinum Elite, the highest recognition in its program, and it has only been awarded to five private flight operators in the U.S.
Consider longevity
Over the years, the history of some startup flight operators has exposed the immense difficulty a company can face in achieving success. While newcomers may appear to have a lot to offer, the companies that have been perfecting their business for decades offer stability and have earned the trust of clients and industry experts. They’ve weathered economic downturns, pilot shortages, pandemics, and volatile markets by remaining steadfast and meticulous in their strategies, often emerging from turbulent markets stronger than before. Consider an operator’s history, financial stability, and long-term performance in your decision process. Knowing the operator’s history can provide valuable information about their capabilities in running a private flight service, helping you feel more secure when flying.
Analyze the operator’s financial stability
Financial stability is another critical factor to consider. Startup flight providers often face significant financial challenges, as they require substantial investments to establish and maintain their operations. Evaluating the financial stability of an operator involves assessing their access to capital, their ability to manage expenses, and their overall financial health. Longevity is often a key indicator when evaluating whether the operator has the necessary resources to weather the initial challenges and sustain its business in the long run.
Review the service area
It can be challenging for flight operators to establish a nationwide service area. Starting as a regional provider with owners in one region, then expanding once the fleet can support nationwide operations, often increases the program’s chances of success. This gradual approach allows for the fleet to grow in size and capability, ensuring a more sustainable and successful operation in the long run.
Trusted fractional programs like PlaneSense serve as a prime example of this strategic approach by steadily expanding their service area over an extended period of time. This method of growth is preferred over making unrealistic promises of nationwide coverage with a fleet that is insufficient to meet the demand. By taking the time to build up resources and infrastructure, operators can establish a strong foundation for future success in the aviation industry. For example, the PlaneSense® program announced the expansion of its jet program service area to include private flyers on the West Coast after six years of building its jet fleet.
Taking the time to look beyond the sizzle with well-rounded research will help you select a private flight program that best fits your needs and won’t leave you stranded. To learn more about the PlaneSense® program, a leader in fractional aircraft ownership for nearly 30 years, call 866-214-1212 or email sales@nullplanesense.com.
