Private Jet Lease Consulting

Our team of experienced professionals specializes in providing high net worth individuals, family offices and corporations with expert insight and guidance at every stage of the private jet leasing process.

    What is a Private Jet Lease?

    Private jet leasing enables you to enjoy all of the travel benefits of private jet ownership without the significant capital investment of aircraft ownership. Whether you travel for personal or professional reasons, a private jet lease gives you the flexibility to travel wherever you want, whenever you want, all according your own schedule.

    By leasing a private jet, you can:

    • Enjoy significant capital savings over aircraft ownership

    • Deflect concerns of residual value

    • Book flights according to your schedule

    • Select your own flight crew

    • Travel in total comfort and privacy

    • Avoid the hassle of waiting in long airport security lines

    • Arrive closer to your destination

    • Invite additional people without incurring additional costs

    • Choose from a wide variety of aircraft types

    How Do I Know If a Private Jet Lease is Right for Me?

    Anyone considering a private jet lease should answer a few questions in order to make an informed decision:

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    • How many hours per year do I fly?

    • How frequently do my travel needs change?

    • Would a private jet enable me to access airports close to my desired destinations?

    • How long are my trips, on average?

    • Would leasing offer potential tax benefits?

    • How many people do I typically travel with?

    • What is my budget?


    Dry Leasing vs. Wet Leasing

    A dry lease refers to a private jet leasing arrangement in which the aircraft owner provides the aircraft without pilots or cabin crew. The lessee pays the owner a fixed hourly rate, directly purchases the fuel for the trip and directly contracts and pays the flight crew. A wet lease refers to the opposite — that is, a private jet leasing arrangement in which the aircraft owner or operator provides the aircraft and at least one crew member, as well as funding fuel, maintenance and insurance.

    Another key difference between dry and wet leases is who has operational control. In a dry lease situation, the lessee has total operational control over their flights. Since the aircraft owner or operator supplies the crew, fuel, maintenance and insurance for a wet lease, they also retain operational control.

    Dry leases are best suited for longer-term private jet leases, while a wet lease typically lasts for a shorter period of time to meet certain defined travel requirements. Our team of experts can help you identify which type of private jet lease best meets your needs.

    Commonly Used Aircraft

    Private jet lease clients have their pick of a wide variety of aircraft types, from turbo-props to light jets to heavy jets. Whatever your travel requirements, Essex Aviation can help you determine which private aviation option is right for you.

    Private Jet Lease Costs

    When it comes to private jet monthly lessee costs, the general rule of thumb is between 0.75% to 1% of the total cost of the plane per month, plus operating costs (as shown in the table below). This formula applies to both preowned aircraft and new. It’s important to keep in mind, though, that there are any number of variables to consider, including the aircraft type, distance traveled and so on, that would affect the monthly payment amount.

    Breaking Down Private Jet Operating Costs by Model

    Light Jet

    Manufacturer Model Category Seats Range Cost per Hour Purchase Price (New)
    Embraer Phenom 100 Light Up to 5 passengers 915 nm $1,523 $2.5M
    Cessna Citation M2 Light Up to 6 passengers 694 nm $1,502 $5M
    Embraer Phenom 300 Light Up to 7 passengers 1,811 nm $1,978 $8M
    Cessna Citation CJ4 Light Up to 7 passengers 1,667 nm $1,952 $9.6M

     

    Midsize

    Manufacturer Model Category Seats Range Cost per Hour Purchase Price (New)
    Embraer Praetor 500 Midsize Up to 9 passengers 3,340 nm $3,403 $17M
    Cessna Citation Latitude Midsize Up to 9 passengers 2,455 nm $3,206 $17.3M
    Bombardier Challenger 350 Midsize Up to 8 passengers 3,277 nm $3,800 $27M

     

    Long Range

    Manufacturer Model Category Seats Range Cost per Hour Purchase Price (New)
    Embraer Praetor 600 Long Range Up to 12 passengers 4,018 nm $3,248 $21M
    Gulfstream G280 Long Range Up to 8 passengers 3,420 nm $3,838 $24.5M
    Dassault Falcon 2000LXS Long Range Up to 10 passengers 3,803 nm $3,732 $35.1M
    Dassault Falcon 7X Long Range Up to 12 passengers 5,466 nm $4,891 $53.8M

     

    Ultra-Long Range

    Manufacturer Model Category Seats Range Cost per Hour Purchase Price (New)
    Bombardier Global 6500 Ultra-Long Range Up to 16 passengers 6,600 nm $3,339 $56M
    Dassault Falcon 8X Ultra-Long Range Up to 12 passengers 6,290 nm $4,811 $59.3M
    Bombardier Global 7500 Ultra-Long Range Up to 19 passengers 7,700 nm $3,523 $72M
    Gulfstream G650ER Ultra-Long Range Up to 18 passengers 6,520 nm $5,591 $72.5M

    The Path to Private Jet Leasing

    We’re experienced not only at helping our clients consider proposed private jet lease arrangements and aircraft options, but also the lease terms that best meet their specific needs, all while walking them through the entire private jet leasing process. Our attention to detail, extensive knowledge of the private aviation industry and vast network of connections make us the ideal choice for any interested client.

    • Perform Initial Evaluation

      Each client is unique and their private aviation expectations and needs vary accordingly. For those new to private aviation, Essex Aviation is an invaluable resource during the initial evaluation of private aircraft programs. Our team leverages industry experience, expertise and connections to help clients compare options based on their current and future needs to ensure that they’re matched with the right aircraft and aviation utilization model.

    • Oversee the Proposal

      Once the client has chosen an aircraft type, Essex Aviation will help them sort through various proposals from identified private jet leasing companies and evaluate which option will most closely meet the requirements of their unique situation.

    • Oversee Negotiations and Contracting

      Once a provider has been selected, Essex will represent the client through the review and will negotiate the terms, final contract and closing on the private jet lease.

    • Ongoing Financial Monitoring

      Although the billing process for lease providers is straightforward, our team will continue to provide routine statement monitoring and review on an as-requested basis to ensure that the client’s finances are in order.

    Alternatives to Private Jet Leasing

    If your private aviation needs change, or should you decide that a private jet lease is no longer for you, Essex Aviation is here to help you identify a more suitable private aviation option, such as:

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    Why Essex Aviation?

    Unbiased

    Essex Aviation is not a brokerage firm and does not list aircraft for sale. We made this choice in order to avoid any conflicts of interest by representing both a buyer and seller. We accept no commissions, referral fees or any other forms of compensation from any third parties. At Essex, we work solely for our clients, offering unbiased and uncompromised advice.

    Unparalleled Expertise

    Lee Rohde and Tom Mitchell have been working in the aviation business for a combined 70+ years. Passionate about aviation since they were in their teens, Lee and Tom provide a unique combination of experience and a wealth of unparalleled knowledge while advocating for their clients’ interests.

    Confidential

    We are committed to protecting the privacy of our clients. Every agreement we enter into includes privacy and confidentiality clauses, which are strictly adhered to by every member of Essex Aviation.

    Honest and Fair

    Essex is a well-respected consumer advocate within the aviation industry, known for our character and honesty. It is our desire to form and maintain long-term relationships with our clients and remain accountable for the analysis and support of past and ongoing decisions.

    Our Testimonials

    Our Clients Say It Best

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    “Essex Aviation’s guidance and data analysis was crucial to our successful first CJ3 lease and later our CJ4 purchase. The expertise of Essex allowed us to understand more fully our flight metrics, history, costs and how to match our future aviation needs with available options in a way that would not have been possible on our own.”

    5 Star Rating

    Alexandra Glazier, President and CEO

    New England Donor Services

    “Lee and Tom are the dynamic duo you've been looking for. Their collective skills provide exacting coverage on every detail needed when considering an airplane purchase or refurbishment. I worked with them on a lengthy process, from identification of plane, purchase, full refurbishment, staff assignments thru delivery. I was never once disappointed. Perfect personalities for even the pickiest of clients!”

    5 Star Rating

    Heidi M.

    “Essex Aviation facilitated an end-of-lease process for a large aircraft and assisted us with structuring a subsequent lease extension. The transactions had several challenging issues that required expert counseling and negotiation. The Essex team is friendly, prompt, easy to work with, and most importantly, simply the best at what they do. We couldn’t be happier with the outcome.”

    5 Star Rating

    Joe Stone, CFO

    Sartini Enterprises, Inc.

    “Lee, Tom and the team at Essex have worked with us over the years on a variety of fixed wing, rotor and other special projects, performing to superior standards throughout. We initially went through an industry downselect to compete them against their peers and they surfaced as the best fit for us. We continue to be very happy with the relationship.”

    5 Star Rating

    Mike D.

    Northeast Based Family Office

    “Knowledgeable. Informed. Competent. Thorough. Practical. Candid. Professional. Responsive. Efficient.”

    5 Star Rating

    Tony R., CFO

    Northeast Based Family Office

    “We had a very positive experience with Essex. We found them to be competent, professional and objective. They dedicated a significant amount of time to providing an extremely insightful evaluation of our aircraft division. The report detailed strengths and weaknesses in our operation, together with constructive recommendations . They interacted very well with the staff and were able to elicit accurate and honest information.”

    5 Star Rating

    Michael M.

    Northeast based Family Office

    “Throughout my career as a family office executive, Essex Aviation has been my go to aviation expert. Lee and Tom have guided me through the most complex aircraft acquisition while being able to meet difficult client deadlines. The Essex team has provided key analysis ranging from the mundane, such as the interpretation of the placement of a placard on an aircraft to negotiations relating to an engine care program. Lee and Tom are key partners in all aspects of family office aviation matters.”

    5 Star Rating

    John Castrucci, Family Office Executive & Founder

    Global Family Office Advisors

    “I engaged Essex Aviation to prepare an analysis of large cabin aircraft that best met my needs. Their process was comprehensive and thorough. After an exhaustive search of available aircraft, they represented me on the acquisition, negotiation and importation of a long range aircraft and then oversaw a comprehensive customization of the entire plane. Throughout the process, Essex was a knowledgeable, trustworthy and detail oriented partner.”

    5 Star Rating

    Daniel R.

    Ask These Questions Before Making Your Next Aviation Decision

    Private aviation offers numerous benefits, but each service option comes with its pros and cons. Find out whether a membership/card program, charter, fractional or dedicated aircraft model is right for you — and how a private aviation consultant can help you make an informed decision — in this free eBook.