To start a new business is a challenge for many of us. Even if we have much knowledge about the business or we have something on our mind about how we will be doing things, starting a new business can still be a very difficult task to do. Likewise, to start an aircraft charter business is not easy too. This business facilitates flights to and from the airports that are sometimes not served by major airlines. Aircraft charter is scheduled by the government officials, travelers and corporations. These flights may also features services like access to business equipment, aerial tours, drinks and food. With qualified staff, competitive rates and comfortable planes your aircraft charter can build up a good reputation. Here, are some steps on how to start an aircraft charter business.
How to start and Aircraft Charter Business
1. You should firstly develop a business plan with the company that will address flight range, secondary services and startup capital. Large portion of the business plan should be devoted to an initial balance sheet. Additionally, you should have a plan for three and five year projections so that you can give the investors a clearer view of the company’s financial wherewithal. To show sources of additional revenue you should list airplane appraisal, long-term charter services and consulting.
2. To act as investors in your aircraft charter company you should approach venture capital firms, airplane enthusiasts and banks. The banks can offer advertising in your aircraft charter for the first few months and they also offer commercial loans to finance equipment. You should deliver a five minute presentation to the prospective investors and deliver copies of your business plan to them.
3. Next, you should reach out for the regional airport to know about the minimum requirements for the construction permit and land lease for the new airlines. Your aircraft charter company should lease the land from the airport authority for runway space, offices and hangar. To build up facilities on empty lots you should seek permission from the airport authority for the new construction.
4. Now to find planes for your aircraft charter business you should contact with the aircraft brokers such as USA Aircraft Brokers Inc. To eliminate any problem related to aircraft you should establish the seating requirements, hangar capacity and charter’s budget with the aircraft broker. To develop your air charter fleet you should compare the prices for new and slightly used aircraft through the brokers.
5. You should build up an aircraft charter staffs that has experience in the aviation industry. For the pilots you should search for the one who has charter flight experience who is willing to speak to the passengers about their destinations and give them air tours. For the day-to-day operations you should hire for the baggage handler, ticket clerk, administrative and mechanic assistant.
6. Now, for the aircraft charter business you should seek aircraft certification from the Federal Aviation Administration. To initiate the aircraft certification you should provide dimensions, initial mileage and lettering from your aircraft to the Federal Aviation Administration. To keep track of every airline the Federal Aviation Administration puts the air charter businesses through multiple evaluations about employee qualification, licensing and safety procedures.
7. You should now submit the plans of the flight for each of your air charter’s regular routes to the Federal Aviation Administration. To keep a track about the small and big planes the Federal Aviation Administration plans require details like passenger capacity, speed, aircraft routes and altitude. You should also regularly update the Federal Aviation Administration to reflect changes and new routes to speed or altitude on regular routes.
8. You should also negotiate a monthly fuel contract with the jet fuel supplier like the UVair with the distribution facilities in your area. This contract should show the amount of fuel that is delivered each month and also show the volume discounts for your aircraft charter business. You should shop around for the fuel price quotes until you can find a supplier according to your operating budget.
9. When advertising about your aircraft charter business you should think outside of media outlets and local publications. You should speak with the travel agencies about the charter routes, contact information and rates in their packets about the vacation destinations.
10. Lastly, through a simple website you should build up your aircraft charter’s brand online. The website should have pictures of your aircrafts, destination airports and your staff. To inform the motivated clients you should create tabs for travel packages, charter rates and secondary services.