Aircraft Sales: Purchasing a Private Jet in Singapore
Singapore is a popular destination and a travel hub due to its strategic location and ease of access to airports such as Kota Kinabalu and Kuala Lumpur. Because of this, the one and only commercial airport in the country is frequently crowded, propelling individuals with the means to opt for private aviation.
While jet charters are an option, some prefer to take it one step further and own a private jet to accommodate their lifestyles better. However, several factors must be considered before making the final decision to purchase a private jet. Cost, operator reliability, and maintenance, among other things, are just a few of them.
Choosing a reputable company from which to make the big purchase can be challenging. To help others make an informed decision, we have outlined some insights about aircraft sales and the process of buying a private jet in Singapore.
Purchasing a Private Jet in Singapore
Anyone who meets the requirements can freely purchase a private jet in Singapore. One of the main requirements includes being able to afford the initial purchase price of the aircraft. The average cost of a small private jet is between $2 million and $10 million, which may rise considerably depending on the aircraft’s features, model and make. Making the upfront cost and monthly payments that are required are imperative as well.
In addition to the aircraft’s expenses, factors such as parking space, operating costs, insurance, and maintenance must also be taken into account. Comprehending the conditions of purchasing a private jet and any financial obligations associated with them before making the big purchase is crucial.
Reasons to Purchase a Private Jet
Choosing a private jet over a commercial flight offers numerous benefits. Individuals will be accorded the liberty to travel whenever and wherever they desire, without the anguish of other passengers or flight delays. Choosing their preferred route, timing, and aircraft type will also be in their hands, reducing travel-related hindrances. To escape the hassle of passing through crowded airports like Singapore Changi Airport, individuals can even opt to fly in smaller aircraft that can land at smaller airports, further expediting the travel journey.
In essence, travellers will have complete control over their flight itineraries, including the ability to decide on their passengers and their luggage allowance. Moreover, they will be granted the freedom to select the in-flight meals and beverages tailored to their liking.
Factors to Look For When Purchasing a Private Jet
When venturing into aircraft sales, there are several factors to consider before making the big purchase, such as the aircraft type, engine type, and cabin configuration.
· Aircraft Type
The aircraft type is the most pertinent element to address and will be influenced by the individual’s needs, preferences, and budget. There are numerous varieties, ranging from small single-engine turboprops to large wide-body jets. Each type has its own set of pros and cons.
Significant factors that influence the decision on the aircraft type are the number of passengers and cargo it can hold and the maximum speed it can reach. Other important factors include the time the aircraft spends in the air versus the time it spends on the ground, the estimated number of flights, and the anticipated airports it will be landing at.
This is crucial as aircraft have various selling points, and not all airports have the same equipment and facilities. For instance, turboprops are efficient for short flights and can land and take off from non-concrete and short runways. Meanwhile, jet aircraft are capable of flying long-haul but require long, concrete runways and higher maintenance costs.
· Engine Type
Given that it is a component of an aircraft’s propulsion system that generates mechanical power, the engine type is one of the most critical elements to consider when purchasing a private jet as it determines the aircraft’s fuel intake and flying capabilities.
There are several engine options to choose from, each offering a different level of performance and operational costs. With most private jets being small to midsize, turboprop engines are usually the best choice, as they are powerful, reliable, efficient, and affordable. Thanks to their design, they produce less noise and vibration, which makes them ideal for operating from private airports. Other prevalent engines include turbojets, turboshafts, turbofans, and ramjets.
· Cabin Configuration
In order to maximise comfort and efficiency, the cabin layout must be carefully considered. For example, the position of the galley and lavatory, as well as the seat configuration, can significantly impact the flying experience for passengers on a private jet. A detailed cabin configuration will not only make the flight more comfortable, but it can also reduce costs by increasing the crew’s efficiency and decreasing the time spent on maintenance between flights.
Differences Between New and Preowned Jets
While some individuals look forward to customising a built-to-order aircraft, others may want to explore purchasing a preowned private jet.
· New
A brand-new aircraft is typically outfitted with cutting-edge avionics, safety, and communications technology. Engines that are more sophisticated, efficient, and quieter increase range and speed while using less fuel and emitting less CO2. Materials and construction techniques are more environmentally friendly and durable. Noise reduction on these planes makes flying more comfortable and convenient.
New aircraft also offer more passenger comforts, such as larger windows, improved lighting, and extra storage space. Airline seat manufacturers have also introduced new fabrics and materials that are more comfortable and easier to clean, such as those made with synthetic fabrics or faux suede. In addition, the layout of the seats in the plane can be adjusted to accommodate different passenger needs, such as taller people.
However, demand for new jets is outstripping the ability of manufacturers to deliver them, resulting in a lengthy waiting list. It may take six months, a year, or even longer to have a jet constructed and delivered.
· Preowned Private Jets
One of the most notable benefits of preowned jets is that they can be purchased for a fraction of the cost of a new aircraft. Opting for a preowned jet allows avionics, communications, cabin entertainment, and other customisations to be upgraded without incurring too much downtime. Even in a competitive aircraft sales market, an individual may locate a well-maintained and outfitted aircraft for sale that meets their requirements, budget, and design preferences.
However, preowned jets are typically less fuel-efficient and require higher maintenance costs due to parts becoming obsolete, instalment of new features, and evolving aviation regulations.
Aircraft that have clocked thousands of hours of service will have accumulated plenty of wear and tear. Therefore, replacing critical parts with brand-new, state-of-the-art equipment is necessary. For example, plane communication systems become obsolete every few years as better and faster satellite systems come on the market. Air traffic control systems are constantly being upgraded as well.
Final Words
There are numerous justifications for purchasing a private jet, such as its flexibility, privacy, convenience, comfort, and status that comes with it. All things considered, purchasing a private aircraft is feasible for those who find flying on a commercial flight bothersome and prefer to travel on their own schedules.
WingsOverAsia is the primary original equipment manufacturer (OEM) representative for numerous prominent aircraft brands in Southeast Asia, specialising in new generation pistons, turboprops, and light jets. We take pride in offering the most comprehensive aircraft sales and acquisition service to anyone looking for factory new or preowned private jets in the market.
We provide our clients with the assurance they need to purchase and own a private aircraft, ensuring that our team of professionals is with them every step of the way to deliver a comprehensive service. We pledge to provide the most economical overall aircraft ownership experience possible while making it pleasant and hassle-free.
WingsOverAsia has modernised the renowned aviation lifestyle and business model in recognition of this. Established in 2009, our company has served many clients as an integrated private aviation service provider and developer. We actively engage in private and corporate jet charters through our subsidiaries and affiliates and provide maintenance and pilot training services. Get in touch with us to learn more about our first-rate services.