ISLE OF MAN, BITISH ISLES– October 15, 2012 – Private Jet Company's new $4 million business aviation operation at the Isle of Man Airport (EGNS/IOM) now offers world-wide traffic the opportunity of cost savings on the European Union Emissions Trading Scheme (EU-ETS), and some of the lowest handling costs in Europe and UK for Tech Stops.
Private Jet now offers worldwide business aviation owners/operators, who make Tech Stops at the Isle of Man airport prior to their European destination, the opportunity to enjoy an immediate cost savings of more than 60 percent on EU-ETS carbon offsets on both the inbound and outbound legs to Europe.
The IOM FBO is situated in the Irish Sea between Northern England, Scotland and Ireland.
The facility operates seven days a week, from 0630 to 2045 local, on a two-acre site with more than 226,000 sq. ft of ramp and parking space. Additionally, Private Jet has planning permits, for a second phase of construction, to build a new $2 million, 20,000 sq. ft. hangar with additional office space for lease.
Further, as the company has an established EU-ETS account, they will also help operators by providing ETS recording and verification needed for ETS compliance data. Additional economic lifeboats include substantially lower handling costs than those incurred when making tech stops in Ireland or on the European continent.
According to Private Jet owner Tony Corlett, "We plan to top our aggressive fuel pricing and competitive tech stop handling charges with a newly announced, year-long, special offer. Let me briefly detail our current handling costs and what the new offering will entail
"Right now our handling costs are more than 10 percent lower than what our competition charges at Shannon. For example, for a 40,000 kg aircraft making a Tech Stop at Private Jet, our handling costs would be 1,221 Pounds Sterling (GBP). This cost would include: pre-clearance, fuel arrangement, full use of all facilities, administration, communications plus towing and push back. Added to this Basic Charge would be an additional charge of 125 GBP for GPU, toilet and water," he said.
"Further for the next year, we have an additional promotional offering aimed at reducing Tech Stop handling costs,” he said. "We've taken this step to pull traffic our way.
"As such, we will be offering a new incentive of an additional 25 percent discount on all handling charges for one year—beginning in November--for all handling requests of which we are notified prior to arrival as a tech stop," Corlett said.
"What does this offering translate in savings? For the 40,000 kg aircraft, we will be savings them 308 GBP in handling costs," Corlett said.
ETS Cost Savings and Private Jet Amenities
As the EU allowances for carbon taxes apply to aircraft emissions for the entire duration of the flight, what are the normal charges for an aircraft transiting to Europe? If, for example, a corporate operator planned a flight from Houston Hobby (KHOU) to London's Luton (EGGW) in their Bombardier Global Express, the one-way (leg) estimated fuel burn would be 23,112 kg; the estimated C02 emissions would be 72,803 kg and the calculated ETS charge would be 1,456 Euros (at 20 Euros per ton). Converted to US dollars, that represents an outlay of $1,870.
Another example would be a Falcon 7X flying from Van Nuys to Luton. It would burn an estimated 20,158 kg of fuel, produce 63,498 kg of CO2, and the estimated ETS charge would be 1,269 Euros or $1,650.
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JETS will continue to operate its core business of aircraft maintenance, repair and overhaul, while Signature will own and operate the FBO assets.