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For many large corporations with continent hopping executives, traveling by private plane can be a cost effective business tool. Charter aircraft companies are located all over the globe in the major airports and chartering a private jet comes with endless options for scheduling and offers passengers luxury, convenience and impeccable service.

Private jets for hire come in a number of shapes, sizes, configurations and with different speeds and range. There are six categories from very light to super heavy jets. Very light jets like the Cessna Citation carry 2 to 4 passengers, have a cruise speed of nearly 400 mph and a range of 1300 miles. The Learjet 55, a midsize jet, carries 7 passengers, has a speed of 450 mph and a range of 2500 miles. On the far end, the Boeing business jet has room for 50, a speed of 470 mph and a range of 7000 miles.

There is an overwhelming number of private planes on the market today. Most people who fly private jets do not own their jet, but charter their ride. However, before looking into chartering a ride, a person needs to know what their options are. There are four main styles: executive piston and turboprop, light executive jets, midsized executive jets, and heavy jets.

Piston and turboprop jets are ideal for small groups traveling on business. They are not recommended for people traveling farther distances and are some of smaller jets on the market. Light executive jets provide privacy and are a step up from the piston and turboprop. The interiors are still nice but they are not going to be the highest overall quality. When traveling in large groups you are going to need the midsized executive jet or the larger heavy jets. Both of these are very luxurious and have the space for large parties. These jets will permit for longer traveling distances to your destination country compared to the smaller versions.

Many people love having their own private plane but simply hate the cost of storing them. Some people are finding new and innovative ways to make money on their jets while they are not using them. Due to the advent of “enhanced pat downs” and “x-ray imaging” in cities, more people are starting to look into hiring planes. They want to avoid the hassle of dealing with the lines and violation of personal space. An owner could offer services over online classified ads to find “customers”. Another option is to sell advertising space on the side of your plane to businesses. Either way you are having space on your plane rented out. Brainstorm different ways that you can rent out your plane and you will be surprised how fast you will see those expenses diminish!