Private Jet Aircraft Services Definitions

Acquisition costs: The cost of getting possession or control of an aircraft.

Aircraft: A vehicle for traveling through the air.

Airplane: A powered aircraft with fixed wings, giving it its lift. 

Charter: A mercantile lease of an airplane for a specific period or trip. 

Concierge services: A special representative who makes specific, customized arrangements for a traveler.

Contract payment: Contractual commitments, actions, payments specified in a formal, written agreement. 

Cost-effective: Services of fair and real value, as compared to the costs incurred.

Executive: A person having administrative or managerial responsibility.

Expert: A person having, involving, or displaying special skill or knowledge derived from training. 

FAA standards: US Aviation procedures set up and established by the authority of the Federal Aviation Administration (FAA) as a rule for providing flight services.

Fixed base operations: Operations of a private airfield.

Fixed overhead: Costs associated with a business, even if no transactions are occurring.

Fixed wing: Airplanes other than helicopters.

Fleet: A number of vehicles in a group.

Flight time: The time an airplane is airborne.

Fractional ownership: Contractual ownership of a percentage of an airplane, where multiple entities all together own the entire craft.

Fractional share: Contractual ownership of a percentage of an airplane, where multiple entities all together own the entire craft.

Gourmet: One who enjoys with discrimination and appreciation of subtleties of food and drink.

Ground transportation: Transportation by surface transport, cars, taxis, limos, etc. usually from/to an airport.

Heavy jets: Jets capable of flying across the Continent or the Atlantic, with a cabin crew.

Helicopter: Aircraft with rotating blades and no fixed wing.

Jet: Aircraft moving as a result of high air-pressure emanating from the exhaust of the engine as a result of a high temperature burn of the fuel inside.

Jet fuel: Fuel used for burning inside the jet engine to produce the high pressure exhaust.

Lease: A contract for use of an airplane for a specified term and at a specified cost.

Light jets: A smaller jets capable of flying a few hundred miles, with no cabin crew. 

Luxury: A a condition of abundance or great ease and comfort or a sumptuous environment. 

Maintenance record: Detailed and dated notes specifying the exact inspection and repair activities for a specific aircraft. 

Management fees: Fees paid to the organization taking care of an airplane or fleet of airplanes.

Medium jets: Jets capable of traveling for a few thousand miles, usually with no cabin crew .

Membership fees: Fees paid to an organization in order to belong to it. 

Network: A number of alike entities, having a connection or relationship among themselves.

Onboard: Inside the airplane.

Part 135 carriers: Airplane operators functioning under the FAA Part 135 rules, specifying rules of operations relating to safety, security and maintenance standards. 

Performance: Factors for speed, comfort, fuel efficiency, timeliness of an airplane.

Private plane: An airplane that is not part of scheduled airline operations.

Safety: Condition of not being exposed to the risk of hurt, injury, or loss.

Scheduled flights: Flights operating under a pre-determined schedule or operation.

Security: Freedom from danger, terrorism, crime, attack or sabotage.

Super medium jets: Jets capable of traveling for a few thousand miles with a cabin crew .

Travel partners: Organizations having made prior contractual arrangements to offer joint services, providing extra value not available if purchased separately from each company.

Turboprop: Airplane engines using a special combination of jet-engine power to turn propellers for flight.

Upgrades: Obtaining a level of service higher than originally contracted for.