Presently, between 500 to 600 flying hours per aircraft is the norm for most Air Charter Operators, which is immaterial of the size of the charter plane. However, that does not suffice to make enough profits to replace the current asset of the business with another asset to make the business a growth-oriented proposition.
SIMPLE SCIENCE, A SCIENTIFIC ENDEAVOUR
(meaning: The growth of your company is directly proportional to the amount of time spent flying. This is a basic principle of science.)
"Your company will grow by the number of flying hours you log."
Reasons why Air Charter Operators end up flying an aircraft for 500 or 600 hours
Technical challenges - In India, the maintenance, repair and overhaul (MRO) industry is not nearly as developed as it should be to meet the demand for efficient and cost-effective aircraft maintenance.
Squandering residual hours - The unused residual flying hours are a major problem for air charter businesses. This results in substantial earnings losses, as these hours can be used to create more revenue.
Empty-leg flights - The lack of information about the availability of empty-leg flights is a barrier to using available flying hours inefficiently by air charter operators. The availability of empty-leg flights is obscure because of the lack of an effective distribution system. They are not typically advertised on conventional travel booking websites, because of which additional revenue generation keeps evading.
4. Lack of crew availability - Increasing demand for air travel, complexities of air operations and unavailability of experienced and trained crew is the cause of crew shortage in the aviation industry. This has limited the number of available flying hours for the operators, which has further contributed to the shortfall.
As an Air Charter Operator, maximising your flying hours is the key to achieving your business goals. Whether you are a charter operator or an on-demand charter operator, it is essential to ensure that you maximise your flying hours as efficiently as possible.
To maximise your flying hours, it is important to consider the following strategies:
1. Maximize Efficiency with Maintenance Scheduling: Ensure that all your aircraft are kept in good condition and regularly maintained according to their respective manufacturer's maintenance schedules. This will help to minimise the need for costly downtime due to mechanical issues.
2. Utilize Technology: Utilise the latest tracking and scheduling technology to maximise your flying time. This includes flight monitoring and tracking solutions that allow you to monitor your flight's progress and receive real-time updates on the status of your aircraft.
3. Develop a Proactive Approach: Develop a proactive approach to planning and scheduling your flights. Utilise weather and airspace information to determine the most efficient routes and flight times.
4. Utilize Your Network: Leverage your contacts to fill empty seats on flights. This can help to increase your flight utilisation and revenue.
5. Invest in New Equipment: Invest in new aircraft and equipment that can help to improve your operational efficiency. Again, it is essential to do your research to ensure that you are investing in quality and reliable products.
By utilising these strategies, air charter operators can ensure that they maximise their flying hours and achieve their business goals. In addition, by taking a proactive approach to planning, scheduling, and utilising technology, you can maximise your flight time efficiently and effectively.
If you put in the time and effort to learn how to optimise your flying hours, you may quickly rack up 1000 hours.
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