Ins and Outs of Buying a Private Plane

Preston Holland is the Chief Commercial Officer of FLYING Finance, which is an aircraft financing company. Before taking over the finance business, Preston ran FLYING Media Group (now known as Firecrown) as Chief Operating Officer. 

We discuss:

• When folks should consider flying privately 
• Costs of owning a plane
• Chartering, jet cards, and fractional ownership
• A walkthrough of how to purchase an aircraft

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Links

Preston on X

Preston's Newsletter

Topics

(00:00:00) - Intro

(00:05:33) - Preston’s career

(00:18:44) - When to consider flying private

(00:21:20) - Chartering

(00:36:20) - Costs of plane ownership

(00:48:40) - Dry leases

(00:54:21) - Jet card memberships

(00:59:52) - Fractional ownership

(01:03:45) - Pilots

(01:06:06) - Partnerships

(01:07:50) - The process of buying an aircraft

(01:23:02) - Tax implications

(01:33:58) - How to know ownership is the right path 

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