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

Payments defined in a formal, written, detailed agreement.

Contract payment

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

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.