When it comes to your business, you work hard to ensure that everything runs smoothly. That’s why purchasing a business aircraft could be a huge benefit to your business. Whether you’re running a large corporation or a small startup, purchasing an airplane can help your business thrive. In this blog post, we’ll explore five reasons why buying an aircraft is a smart move for any entrepreneur.
Save Time and Money
As a business owner, you know how quickly time can be lost and money spent. This is why purchasing an aircraft is a smart decision for your company. Not only will you save time by not having to fly commercially, but you’ll also save money because of the depreciation tax deductions available on an aircraft purchase. These deductions will help offset the cost of the purchase of your own plane, and investing in this type of business asset can help boost your profits in the long term.
If you’re looking for ways to improve efficiency at work or just want some time away from the office, buying your own aircraft may be exactly what you need! Access to a private jet or prop plane allows employees and executives who frequently travel more freedom with their schedules.
Access to Smaller Airports
Sometimes a destination may only have a small local airport, which means traveling there commercially will take extra time and effort, because you’ll have to fly into a larger airport further away. These smaller airports are only able to accommodate the smaller aircraft. With your own private aircraft, you’ll be able to access these smaller airports with ease, saving you time and frustration.
There is also a benefit of flying out of a smaller airport, as you won’t have to worry about finding and paying for parking, which can add up to be quite expensive. Imagine, parking your vehicle and walking straight up to your own aircraft, boarding with no security lines to wait in, no baggage to check-in and no waiting around until boarding time.
Turn Business Into Leisure
Another benefit of aircraft ownership is that you can visit places you would never think of visiting and make stops wherever you want—on the way to your destination or even on the way back. Additionally, since you can stay as long as you want at each destination, it gives you time for exploration and sightseeing. There is no need to rush from one place to another because you are on your own schedule, not someone else’s. The best part is, as long as you’re using your aircraft for business purposes 50% of the time you’re able to deduct 100% of the plane’s purchase price, maintenance expenses and first-year bonus depreciation.
No Need to Rent
If your business is thinking about purchasing an aircraft, there are several benefits to consider. Many pilots and operators rent their equipment, but purchasing your own plane will be much more cost-efficient in the long run. Purchasing a business aircraft eliminates the need for rentals and can save thousands of dollars per year.
Stay On Schedule
With your own aircraft, you can reach your destination in less time and with more ease. The time you can save by not worrying about traffic or parking is invaluable, allowing you to stay on schedule and ultimately creating a reliable, successful business.
The Bottom Line
- Purchasing an aircraft not only adds value to your business, but also saves time, money and frustration
- Owning an aircraft isn’t just fun, it’s practical
If you are interested in financing an aircraft, we have a team of experts who specialize in that area and can help you find the right loan for your business. Contact us today.
