Primo Jet Alternatives
How do other schemes compare to Primo Jet? What other options exist? Take a look at our handy guide to find out more.
1
AOC One-Off Charter
Charter involves you purchasing hours from an Air Operator's Certificate (AOC) holder. We partner with Ravenair to provide this service.
There is no VAT charged on AOC flights, but prices are often higher than alternative options. Chartering gives you a "one stop shop" for your trips, so it is ideal for single trips, and less so for regular travellers.
It also limits the choice of destination airports, as more safety factors must be applied to flights.
2
Fractional Ownership
Fractional ownership involves buying a share in an aircraft (normally 1/8th or 1/16th). This involves using a large amount of capital, in the region of £450,000! The share is normally sold after 5 years, where you are returned the "fair market value" (initial purchase minus depreciation).
Hours are then purchased in blocks at the start of the year. Monthly fees are high, but "positioning" is often included.
These schemes are better than one-off charters for regular flyers, however often work out more expensive than membership schemes, and require capital to be used.
3
Primo Jet Membership
The Primo Jet membership scheme gives the benefits of fractional ownership (cheaper prices and more flexibility), but with the added benefit of not having to buy a share.
Flights can either be operated under Part-NCO (see here for detail), or under the additional AOC protection of Part-CAT, for a small extra fee per hour.
More Detail
Now that you know what options are available, let's take a look at a comparison of which option includes which features.
25 Hours Per Year Comparison
We're sure you're convinced already, but just in case you aren't, take a look at the comparison below to see how the Primo Jet Membership scheme compares to others.
We've saved you the trouble.
If you were to fly 25 hours per year, taking into account all costs including monthly fees, capital depreciation (for fractional ownership), and 12.5 hours of positioning, it would cost the following per hour. All prices exclude VAT, where charged.
AOC One-off Charter
£4,000
per hour
(based on 25 hours per year)
Highlights:
-
No monthly fees.
-
No purchasing of blocks of hours.
-
No upfront capital required.
-
Rates higher than other methods as only one-off trips are provided.
Fractional Ownership
£4,185
per hour
(based on 25 hours per year)
Highlights:
-
Pay a monthly access fee.
-
Purchase blocks of hours.
-
Significant upfront capital required, which is returned after 5 years, minus depreciation (initial investment of around £450,000).
Primo Jet
£3,405
per hour
(based on 25 hours per year)
Highlights:
-
Pay a monthly access fee (12 month contract).
-
Purchase blocks of hours (12 month contract) to benefit from cheap rates.
-
No upfront capital required.
Further Comparison
Intrigued? Let's dive in and compare the options in more detail. The table below compares the Primo Jet Membership to other alternatives.
Costs
All numbers include the cost of hire of the aircraft, as well as any monthly fees.
Depreciation
For fractional ownership, the capital depreciation that will be incurred is included.
Positioning
All numbers include positioning flights. The amount of positioning included is half of the hours flown per year (e.g. if 15 hours are flown, 7.5 hours positioning are included).
VAT
All numbers are excluding VAT. VAT is charged on Fractional Ownership and Primo Jet flights. There is no VAT on AOC charters.
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