Aircraft and Jet leasing is quite popular among the Fortune 500, but sometimes it is needed in small to mid-size businesses. Is it right for you?

There are many resources online about buying, selling, and leasing aircraft and jets in the United States.  Before you go searching for that perfect plane you might want to consider some things before you get caught up in the world of high finance.

Try to determine the size, type, and budget for a jet or plane before you discuss options with a salesperson.  How many passengers will be traveling on any given flight? What is the average length of a flight in miles? Are you going from Miami to Seattle or shorter flights like Las Vegas to Los Angeles? You'll want to find an aircraft to lease that will fit your range requirements.  How much money do you want to spend up front, monthly, hourly (occupied fees)? Who will manage the aircraft maintenance? There are companies that offer maintenance, hangaring, and other services for a fee.

There are many advantages to jet leasing, but there are also many disadvantages.  Be sure to find out the following. Is the lease transferable? What happens if you need to terminate the lease - penalties? Is this a lease/purchase?  There are also many other things to consider when paying large amounts of money annually to leases. Sometimes there may be a better use for the money. Most people can do just fine with fractional jet ownership over leasing or purchasing a jet.  There is a large startup fee, but it'll save you money each month on the maintenance and in-flight costs.

Be sure to read our related article on fractional jet ownership before you commit to jet leasing.

Related Article: Fractional Ownership >>