Owning a plane is expensive, to say the least. Even a small plane can cost at least $200 per hour. But as the saying goes, go big or go home. If you're looking to travel like never before, keep reading as we list the six most expensive aircraft in the world right now. 1. Air Force One: $3.9 Billion President Trump reached a deal early last year to revamp Air Force One, making it the (soon-to-be) most expensive [...]
Are you looking to sell your private plane? Just like selling a house or a car, you'll have the most success if you price it right. Also, like a house or a car, the value can depend on multiple factors like age, upkeep, and condition. Learn about the factors in an aircraft's value to consider when pricing and selling your plane. 1. Engine Hours The number of hours on an engine is one of the biggest things to [...]
A significant appraisal component for aircraft is something you can't tell from the first glance. Whether you're comparing Air Force One to a Beechcraft, engine quality is crucial for airplane values. When you drive that new shiny car off the lot, maintaining its engine's upkeep is at your sole discretion. A lot of us enjoy washing the outside every weekend but are maybe driving around with the oil light on. It ends up not mattering much anyway. Prospective buyers are more concerned about door dings and smell before asking about [...]
People think shopping for a car is tough, but shopping for a plane is on a whole other level. And, if you're new to aviation, there's a lot of that can get tricky. Do you know about aircraft valuation? Don't let the buying process get the best of you, read this quick guide before you start shopping! Aircraft Valuation Things To Consider Just because it has wings, an engine, and is reasonably priced it doesn't mean it's the plane [...]
According to Investopedia, an aircraft can cost anything from $8,000 to $300,000, depending on the make, model, and size of the plane. But before you buy yourself a small plane, you need to make sure you know about all the costs of a plane and how to maintain your plane, so check out our useful guide now. How Much Does an Airplane Cost? The upfront cost of a light aircraft depends on what type of plane you get. Typically [...]
When buying an aircraft for personal use, there is a litany of factors that will go into your decision-making. Whether your intentions are to take day trips for the weekend or intercontinental excursions, finding the best personal aircraft to meet these needs will come at wildly different price points. In addition, the number of passengers and on-going costs for the aircraft can affect your decision. Keep reading for a breakdown of various examples for the best personal aircraft [...]
When it comes to learning the value of anything you own, the process seems to become more difficult by the year. One thing that you'd probably be having trouble with is how to appraise the value of your aircraft. It can be difficult to find out the process that goes into learning the value of an aircraft, and that leaves many aircraft owners confused as to what steps they should take, especially when they need to know the income [...]
If you think it costs a lot to fill up your car's gas tank, then can you imagine the average cost to fill a jet? Fuel consumption rate matters! If you're in the market for a new private jet, then you need to know the importance of this critical jet feature. Are you ready to get all the details about fuel consumption? Then keep reading to find out! Fuel Consumption Rate: Why Does it Matter? Why should you [...]
It’s hard to comprehend we are half way through the year already. Time flies when you are having fun, or should we say passionate about your job. Its passion that drives VREF to be the best it can be every day. The staff at VREF (we are growing quicker than we can report, more on this subject later in the newsletter) eats and sleeps aviation. We are committed to the industry and more importantly we are committed [...]
In 2018, the number of air carriers and general aviation aircraft in the US were just under 212,900. Agents who offer aircraft appraisals are governed and called to the highest standards of professional ethics by the Uniform Standards of Professional Appraisal Practice (USPAP). The standards focus on ethical and performance expectations. They also provide strict guidelines, rules, regulations, and requirements for all experienced aircraft appraisers to ensure they offer USPAP endorsed aircraft appraisal. Aircraft appraisal companies offer training, testing, [...]