Thursday, December 19

Tag: private jets

Inside Directional Aviation Capital: The World’s Largest Aviation Investment Firm
2Apr By Alya KulikovaNo Comments
Analysis

Inside Directional Aviation Capital: The World’s Largest Aviation Investment Firm

Headed by Kenn Ricci, the legendary aviation executive and pilot, Directional Aviation has become the largest aviation firm in the world by profit through its ownership of more than a dozen companies. With over 2,200 employees worldwide, $2.5 billion in revenue and over 200,000 flight hours annually, Directional Aviation operates in nearly every aspect of business aviation, competing with the likes of NetJets, VistJet and even Cessna to various extents! (adsbygoogle = window.adsbygoogle || []).push({}); Background Before Directional Aviation was born, Kenn Ricci was a University of Notre Dame graduate and former ROTC cadet who'd begun working as a pilot. Early into his career, however, he was laid off as a result of the early 1980's recession. After talking ...
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How Jettly Has Transformed Private Jet Charter
12Mar By Gareth SeagullNo Comments
Executive, Aircraft Digest

How Jettly Has Transformed Private Jet Charter

The private jet charter industry is the last part of the aviation industry to not be truly digitized. Expedia-style flight aggregator Jettly hopes to be the company to truly bring the industry into the digital age. Through its user friendly website and app, Jettly allow customers to input their destinations and see quotes in real time, before a service representative reaches out to them to confirm the exact pricing based on their needs. Jettly's hope is that their site will circumvent the need for brokers whose large fees have deterred many from flying private before. (adsbygoogle = window.adsbygoogle || []).push({}); A Problem Before the rise of the internet, you had two options when chartering a private jet, both of which had their drawbacks. The firs...
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5Jan By Christopher HarrowNo Comments
Opinion

Is Fractional Private Jet Ownership Worth it?

Over the last few years, fractional private jet ownership companies like Warren Buffett's NetJets and Kenn Ricci's Flexjet have seen a boom in demand. More people than ever before want to own their own slice of a private jet, and are willing to through the nose for it. Indeed, the average fractional private jet owner has a net worth of at least $250 million and spends an average $7.5 million acquiring their jet! So at that price, is it truly worth the cost? (adsbygoogle = window.adsbygoogle || []).push({}); What is Fractional Private Jet Ownership? The idea of fractional aircraft ownership goes back to the beginning of aviation. When aircraft became available for people to purchase and fly recreationally, flying clubs began to form and brought pilots from all back...
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1Jan By Salomón MarcoNo Comments
Analysis

Inside Kenn Ricci’s Private Aviation Empire

Though few know his name, Kenn Ricci sits at the helm of arguably the largest private aviation empire ever built, one who operates 150 aircraft, employs more than 2,200 people worldwide and has more than $2.5 billion in revenue! Who is Kenn Ricci? Kenneth C. Ricci, known as "Kenn" to his friends, was born on September 3 1956 and grew up in a suburb of Cleveland, Ohio. A mathematically gifted student, Kenn decided he wanted to become an accountant and enrolled at the University of Notre Dame to help make this happen. Following the advice of "Use your time in college to find your passion" given to him by his father, as well as help him pay his tuition, Kenn got involved with the US Air Force's Reserve Officer Training Corps (ROTC) and learned to fly. Later, he grad...
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22Dec By Alya KulikovaNo Comments
Executive

How to Charter a Private Jet: The Complete Step-by-Step Guide

As airlines continue to cut costs by cutting amenities, more and more people are turning to private jets. 1. Understand Your Needs 2. Contact a Jet Broker Once you understand your needs, your best bet would be to contact a professional jet broker. Yes, you will end up paying their fees, but in most cases it's cheaper and far easier than doing it yourself. Though you could easily contact an operator for a quote, you'll end up with a much more expensive quote simply because they don't know who you are. Brokers, on the other hand, have longstanding relationships with most operators and represent both past and future business. Due to this, they not only get a cheaper quote, they can often negotiate it down even further as they can place bulk orders. Another...
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3Nov By Christopher HarrowNo Comments
Executive

How to Buy a Private Jet 9 Simple Steps!

At one point or another, we've all daydreamed about owning our own private jet. Yet for most people, it is just that: a dream. For a few wealthy people or corporations, however, the notion of being able to buy a private jet is very real. In many cases, a private jet is an essential tool for business executives or world leaders, (adsbygoogle = window.adsbygoogle || []).push({}); 1. Fit The "Requirements" Though there isn't any criteria you have to meet to be able to buy a private jet, a private jet is a tool at the end of the day - and you don't want that very expensive tool to just sit around and do nothing for most of the year or just be a vanity project. As such, whilst recommendations do vary from jet brokerage to jet brokerage and executive charter com...
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Private Jet vs First Class: Which is More Luxurious?
6Jun By Christopher HarrowNo Comments
Executive

Private Jet vs First Class: Which is More Luxurious?

When it comes to luxury aviation, private jets and first class tend to come to mind. However, there comes a time when celebrities, multibillion dollar corporations and billionaires ask themselves which is better- Private jet or first class? All three types of people use both types of luxury aviation, however, there is rarely a general consensus. Today, we will find out! (adsbygoogle = window.adsbygoogle || []).push({}); Private Jet vs First Class: Price Both private jets and first class seem unobtainable to most people. However, price is always a factor when discussing which is better between private jets and first class. Private Jet The cost of a private jet is very dependent on a multitude of factors. Obviously, there is always the opportunity for cel...
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Why I prefer private jets to commercial jets- as a pilot
22Jan By Christopher HarrowNo Comments
Opinion

Why I prefer private jets to commercial jets- as a pilot

You probably read the first half of the title and said "Really?! Of course you would! Most people prefer private jets to commercial jets! Who would've thought that?!" However, I mean this from a pilot's point of view, rather than a passenger's point of view. So, why exactly do I prefer private jets to commercial jets? Whilst private jets are far comfier than commercial jets, that is not the main reason pilots tend to prefer private jets to commercial jets. The real reason is their speed, uniqueness and elegance in the sky. I mean, when you hear someone yell "Oh look! It's a plane!" and it's just some old 737 or A350, yeah, that's old news. But, when someone yells "Oh look! It's a plane!" and it is an elegant G650, or a Lineage 1000, you probably stand there and go "Wow!" and then prece...
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All Different Types of Aircraft You Should Know About!
16Oct By Alexander PaskNo Comments
Aircraft Digest

All Different Types of Aircraft You Should Know About!

Aircraft designs have changed vastly since the days of the Wright Brothers. Since then, there have even been several different types of aircraft that weren't even ideas when the Wright Brothers were around! (adsbygoogle = window.adsbygoogle || []).push({}); Commercial Airliners There are several different types of commercial airliners, these include: Turboprops Turboprops are the lightest of all the different types of aircraft. They are also the lightest, which makes them perfect for short runways at regional airlines. In fact, once most turboprops are able to take off and reach cruising altitude, they are actually safer than jet engines. This is down to the fact that there are no negative influences on the aircraft that can cause a mid-air breakup. Tur...
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