Our aircraft management history shows that roughly 50% of the aircraft owners experience economic swings and want to find another revenue stream to help cover aircraft maintenance, upgrades and inspections because they no longer use their aircraft enough hours per year. Often, operators are contracted into a maintenance airframe and/or engine agreement that they sign that has a minimum of X amount of hours per year, and if they only use 85% of those hours per year, they still have to pay for the minimum of X amount of hours. It may be that the operator’s minimum operating requirements were 250 hours per year, but they are only using it for about 175 hours per year – or wasting about 75 hours of engine and maintenance costs.
The main concern an aircraft owner usually has is that someone else isn’t going to carefully watch over, fly, and manage their plane as well as they can. The reality is the opposite when working with an experienced charter operator like EFI. There is usually more risk involved with an aircraft owner singularily owning and operating it’s own aircraft. Why? Resources and experience. The charter operator conducts many more aircraft operations than the individual owner even knows of, has all of the systems in place, and has 20+ years experience. In our experience, 99% of the time, charter operators will do a much more proficient job daily in running the operations, scheduling, detailing, and flying the aircraft than a single aircraft owner can do because there isn’t just one person relied upon. The reality is that when matched with the right charter operator you get an entire aviation team making sure that the aircraft is used to the best of its extent. All this can be easily covered and thoroughly addressed with the charter operator and legally binded through your agreement’s mangement terms and conditions.
All of these costs add up to be many thousands of dollars which the aircraft owner will have to pay out of pocket, anyway, even when the plane sits. It's our experience that there is more value to the owner by matching them with the right charter operator, and this should be clearly spelled out in the agreement signed between the two parties. If you don't choose EFI, we still recommend you work with experienced professionals to help navigate these waters, match yourself with the right operator, and ensure your agreement is structured in your own best interests.
Just be aware that putting a jet in the air costs a lot of money after paying for the crew, maintenance, fuel, airport fees and more. If you're interested in offsetting your ownership and operating costs, we'll charter the aircraft for you. We're IS-BAO and ARGUS safety certified. We will expertly manage the labrynth of rules and regulations for you or your company - thus alleviating these burdens - while helping to offset the cost of ownership to you.
If you're interested in offsetting your ownership and operating costs, we'll charter the aircraft for you. We're WYVERN, IS-BAO and ARGUS safety certified. We will expertly manage the labyrinth of rules and regulations for you or your company - thus alleviating these burdens - while helping to offset the cost of ownership to you if you should choose this route.
When our aircraft management clients choose to operate their aircraft in accordance with Part 135 of the Federal Aviation regulations, they have the option of offering the aircraft to EFI's extensive charter client list. This alternative turns their aircraft and crew into an income producing asset that can help to defray some of the fixed operating costs as well as the costs of owner flights under Part 91. In fact, the large majority of private aircraft owners certify their aircraft under Part 135, if only to charter to a related entity under an arms length agreement. Executive Fliteways has broad experience in all types of Part 135 arrangements and can answer most questions a new owner would have on this area of operation.
Through a well-designed management program, aircraft owners may benefit from all the advantages of aircraft ownership without any of the administrative, regulatory and operational burdens. We screen and hire flight and management crews, supervise all aspects of aircraft maintenance, monitor compliances, provide travel support and scheduling assistance for the owner and handle all administrative details of private ownership. Our management options are numerous and are customized for each aircraft owner.
The management of an asset as costly and complex as a corporate jet requires expertise and attention to detail. At Executive Fliteways, we pride ourselves in the time and effort put forth to provide the most cost-effective and timely use of the management client's aviation asset. Through more than thirty years of management experience, we know that there is a thin line between an aircraft being considered indispensable or indefensible.
Our management services are tailored to our clients? needs and may include any or all of the following:
At Executive Fliteways, we have always understood that we do not simply provide air transportation from point A to point B, but that our purpose is to increase the productive time in a business day.
We screen, hire and train flight crews, provide 24/7 scheduling, dispatch and flight following, supervise all aspects of aircraft maintenance, monitor compliances, provide travel support and scheduling assistance for the owner and handle all administrative details of private ownership. Each month a detailed, itemized and customized statement is provided to the aircraft owner for his accounting purposes.
Our management options include charter management programs that are governed by both Part 91 and Part 135 of the Federal Aviation Regulations as well as Part 91 only programs. Each program is designed and tailored to suit the specific needs of each aircraft owner.