Aircraft Ownership and Role of Aircraft Management Company

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Private Jet Charter Management

Odyssey Airways is a private and executive aircraft management company and private air charter service in Tampa, Florida. Established in 2009, we've been providing corporate and executive jet management services to create professional and efficient flight operations. In 2013, we expanded our services from aircraft management and pilot services to offer private jet charters in Florida, Southeast United States, Bahamas, Mexico and the rest of the Caribbean. With our expertise in acquiring, managing, and selling corporate aircraft, Odyssey is your best aircraft management company in the Tampa Bay area.

If you are considering private aircraft ownership, we highly recommend involving an experienced and professional aircraft management company from the conception of the idea of ownership. Here are a few common questions that many have regarding aircraft management and ownership. For answers to other questions you may have, please visit our FAQ page for more information.

How Much Does A Private Jet Cost?

For first-time aircraft owners, this is the first question that usually comes to mind. The question can have a variety of answers.  To answer that, we need to understand what your goals and expectations are for aircraft ownership. Is it for personal use, business use, or both? Usually, the answer is both. Next, you want to consider the places that you travel to on an annual basis. If you travel only within a 500 mile radius on 85% of your trips and to Europe the other 15% of the time, it would be more efficient to purchase an aircraft better suited for the range of 85% of your trips and not all of your trips.

A private jet to go to Europe, for example, can cost over $50 million but is an inefficient option to fly shorter distances. For the European trips, it would be better to simply charter a Gulfstream for those 1 or 2 trips a year and purchase an aircraft that would fulfill the mission for the 85% of your travel profiles, such as a King Air B200 or a Cessna Citation jet. These aircraft can be purchased for less than $2 million.

If a majority of your trips are only within the state of Florida, for example, and you normally only fly with 1 to 2 passengers, something like a Piper Saratoga or Cirrus SR22 can be purchased for under $200,000.

Aircraft Buying Process

Once we determine the type of aircraft that is right for you, it's best to start searching the market. It may be appealing to see an executive private jet listed online that has beautiful leather seats, can fly across the Atlantic nonstop, and is only $150,000. This is almost always too good to be true. We've seen people make a purchase such as this without the assistance of an aircraft management company and were surprised with what they really purchased. The amount of money required to make the aircraft safe for flight far exceeded their initial budget and forced the jet on the ground for over a year.

The role of an aircraft management company is to help you make an informed decision. This includes weeding through all of the "junk" out there and presenting options that won't turn into nightmares. Once we get past that step, we assist in finding a qualified maintenance facility to conduct a pre-buy inspection. In the meantime, our dedicated Director of Maintenance and our team do a full review of the aircraft maintenance logbooks to determine the entire life of the aircraft and how it was cared for.

Our role is not limited to the items discussed. We can direct you to an appropriate financing source, assist in the purchase agreement and title process.

Cost of Ownership

Flying private can be costly. Prior to your purchase and during the consideration of the proper type of aircraft, we conduct a complete ownership analysis for each aircraft. These analyses include all of the fixed costs of ownership. These costs include the training of qualified flight crew members, hangar expense, management fees, and aircraft liability insurance.

As a leading aircraft charter operator in Tampa, FL, Odyssey Airways is able to offer a way to reduce these costs of ownership. This can be done by generating charter revenue when your aircraft is not in use.  By offering private jet charters out of Tampa International Airport (TPA), we can provide private flights to places such as Key West, Fort Lauderdale, and the Caribbean to generate revenue on days that you are not using your own aircraft. These could also create empty legs to some desirable locations where you will not have any cost to get to the places you want to go.


Odyssey Airways can offer you a wide range of knowledge and necessary assistance when considering aircraft ownership. We have touched on a small part of what goes into private jet ownership. If you are a company that is seeking its own aircraft for corporate use, we can be your flight department and ensure that we limit the liability to your company and its shareholders.

For more information on aircraft management and ownership, contact us today at (813) 207-5002, email at Make sure to continually visit our blog for more information.

Aircraft Ownership and Role of Aircraft Management Company
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Can I use my private jet for both business and personal purposes?

Private air charters are a preferred choice for both business and leisure travelers. By opting for private flights, you can bid farewell to the hassles and frequent delays commonly associated with commercial airlines. This grants your family, friends, and business colleagues the invaluable gift of spending less time on travel and more time being productive or relishing their vacation. With streamlined journeys, they can make the most of their precious moments, whether for work or leisure.

Can I work or hold meetings on a private jet?

A significant number of our corporate jet charter clients opt for private air travel to ensure their productivity remains uninterrupted during their journeys. The privacy afforded by private jets allows them to conduct meetings without distractions, creating an ideal environment that surpasses the experience one would have on a commercial airline flight. With the utmost focus and convenience, our clients can make the most of their travel time and accomplish their business objectives effectively.

What are the benefits of flying private?

Flying private offers a multitude of benefits that enhance your travel experience. From unmatched convenience and productivity to exceptional comfort and stress-free journeys, the advantages are countless. Say goodbye to long check-in queues and delays, and embrace the ease of traveling on your terms. Whether it's maximizing your productivity, enjoying luxurious amenities, or simply indulging in a hassle-free trip, flying private delivers an extraordinary level of satisfaction. Experience the difference and elevate your travel with Odyssey Airways.

What are the differences between fractional ownership and chartering a private jet?

Fractional ownership programs allow for the division of ownership into 8 or 16 shares (sometimes fewer). These programs are particularly beneficial for frequent private air travelers who have a specific preference for one type of jet that suits their needs. They are best suited for individuals who consistently require the use of a single aircraft for their flights.

On the other hand, private charters provide more flexibility and a wider range of aircraft options for clients who desire versatility in their travel. Private charters are ideal for those who have varying requirements and prefer different types of aircraft for different travel purposes. Unlike fractional ownership programs, private charters do not impose any obligation to use a set number of hours per year.

Explore the option that aligns with your travel preferences and enjoy the freedom of choice with Odyssey Airways.

What is the average range of a private jet?

The range of a private jet charter varies depending on the aircraft type. For instance, our TBM 850 offers a range of up to 1,200 miles, making it suitable for regional flights. If you require faster travel over distances of up to 1,000 miles, our Citation Jet is an excellent choice. For extensive journeys without the need for refueling, the Gulfstream 650 shines, with an impressive range of over 8,000 miles.

At Odyssey Airways, we have a diverse fleet of aircraft to cater to your specific travel needs. Whether it's short-haul or long-haul flights, we can provide the perfect private jet with the range and capabilities to meet your requirements. Experience unparalleled comfort, convenience, and efficiency as you soar to your desired destinations with us.

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