Aircraft management
Aircraft management is outsourcing the running of your jet to a specialist company that employs and trains the crew, schedules maintenance, arranges hangarage and insurance, handles trip planning and regulatory compliance, and usually offers to place the aircraft on its charter certificate to earn revenue when you are not using it. Fees run from about $8,000 to $25,000 a month plus pass-through costs, with the manager often taking 10–20% of charter revenue. Good management turns ownership into something close to a jet card experience; bad management hides mark-ups in fuel, maintenance and crew costs. Audit rights and transparent invoicing are the terms to negotiate.