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Aircraft are available new or used. The price range for planes is vast: A new general aviation jet will cost you at least $1 million, but some used single-engine propeller planes go for under $40,000. Even though you have an idea of what kind of plane you want to buy, you'll need to see what's available.

An aircraft is eligible for United States registration only if it is owned by (a) a citizen of the United States, (b) an individual citizen of a foreign country lawfully admitted for permanent residence in the United States, (c) a corporation (not a U.S. citizen) lawfully organized under the laws of the United States ...

In order to be a private pilot, you must have a private pilot license, formally called a 'private pilot certificate. ' This is issued by the FAA as an airman certificate. You will be allowed to fly for all kinds of private purposes and take advantage of some great opportunities.

There are a variety of ways companies can own and operate aircraft including full or co-ownership, joint ownership, fractional ownership, aircraft charter, or aircraft leasing. This decision ultimately depends on an aircraft owner's mission, objectives, and budget.

For the purpose of registration, the ?Bill of Sale? is the document used by the FAA to confirm that the applicant is the registered owner.

If it is built without a canopy & V-Twin Engine it will comply with Part 103, meaning no license is required to fly, and it is not required to be registered or inspected by the FAA. Q: Can the Ultracruiser be registered, given an ?N? Number? A: Most certainly.

It typically costs around $350,000 per person involved. In addition to the upfront fee, jets have several operating costs, corresponding to $2,000 per hour. Considering this industry norm for base ownership in flight hours, which is 50 hours per year, this would amount to an annual operational cost of around $100,000.

Fractional shares start at 1/16th of a private jet, or 50 hours flight time a year. Jet Card programmes start at 25 hours a year. Fractional jet ownership, therefore, is not something worth considering if you are not already exceeding 25 ? or even 50 ? hours of flying time a year.

Fractional contracts usually last five years. However, if you want to get out of the deal after the minimum term (usually two years), your provider is obligated to repurchase your share at the then fair market value of your aircraft, less a remarketing fee (generally 5 to 12 percent).