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How to Make Money if You Own an Aircraft

It’s a unique thing to own that is associated with luxury. If you own it, it doesn’t mean you have to treat it like a liability. It will always be yours; you can use it however you want. However, making a little side income doesn’t hurt anybody. If you don’t have the time, you can hire someone trustworthy to handle the aircraft.

If you are in with the idea of making money but unsure how, here is what you can do. 

Rent it For Weddings

Wedding is a huge industry. Everything is expensive for people getting married. Most people want their weddings to be perfect no matter how much it costs. This is why they pay extra for even little things. Normally people rent a car for their journey from the hotel or church to their homes. 

Everyone wants to take up a notch and push their limits, but they don’t know how. You can offer your aircraft for that. They think that it’s way out of their reach, but they can afford to rent it; they just don’t know it. You can offer to solve this idea for them and make some for very little work. 

Outsource to Businesses

Businesses need aircraft for their executives to travel for meetings. Some even offer aircraft to their high-level employees for a retreat. Most of these companies don’t buy a plane. They choose to rent it. If you are not using that much, simply give it to them. 

They are likely to pay a lot more money than normal users, but they have their own usage conditions. If you are worried that they might not return or damage it, there are airplane repo attorney specifically for this job. Not only will they make sure that you get your plane back, but they will also ensure that you are paid more than the fee that also covers the cost of the lawyer. 

Offer Sightseeing Service

Every place is visited by tourists. There might not be much for you, but it’s a big deal for people visiting your area for the first time. You can bet that they would not say no to flightseeing. They will get to travel on a private plane and see the entire town or city from the eyes of a bird. 

This will also be a job of a few minutes, and you will be paid more than enough. If you are busy, hire a pilot and let him handle the job on salary while you make money. 

Sell and Purchase Aircraft

Isn’t there a newer model of aircraft that you want to buy? If yes, you can sell your plane for a profit and buy a new one. There are always people who will be willing to buy your plane. Remember, not everyone buys the new version of the latest model. They start with someone basic and more reliable. You can keep buying and selling your planes for a profit and even broker some deals.

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