Who Owns a 747 – How Do You Know?
Who privately owns a 747? For one thing, you have to assume that the answer to this question is “yes.” The United States Air Force is the only branch of the military that flies its own jetliners, and they do so in order to maintain control over the flow of combat forces. Any one of the military’s two wings, which are stationed in Australia and Maryland, could be thought to be the place where the US military gets their sole aircraft.
A private owner of a jet liner would also have a vested interest in keeping his costs as low as possible. After all, if he is the private owner of a United States Air Force jetliner, he likely flies from one base to another on a frequent basis, carrying goods and passengers. Every time it departs from its assigned airport, a great deal of fuel is used up, and maintenance and other expenses have to be planned and budgeted. If the plane was not owned by a commercial airline company, the cost of fuel and maintenance for the individual owners would likely be greater than what it is now, due to the inflation of air travel and the rising costs associated with it.
So who owns a 747 then? Well, one of the most popular aircraft carriers in the world, Boeing, owns the 747s currently in service. United Airlines owns the 7th generation twin engine 747s, while Delta Airlines, in operation since 1960, is the only airline to have a fleet of seven jetliners. Both of these carrier companies also own part of Capital Air Cargo, which is the parent company for all of these air carriers. This is the biggest fleet of jetliners in the world, and many people mistakenly believe that the reason why they fly from one of these airports is because it is the only one that is operational.
How can one determine who owns a 747 then? It seems almost an impossibility that there would be more than one person who owns this plane, but it is true. An individual jet can be owned by more than one person. The question becomes, who owns a 747 when two or more people own the exact same jet? This is not as unlikely as some people may think, and there are legal steps that must be taken to determine who owns a specific jet.
For example, when Delta Airlines purchased the airplane that was used by Learjet thirty years ago, they did not make any agreement or contract about who could use the airplane. They simply put it on the books of their airline, and were the sole owners of it. Because of this lack of contract wording, when Delta Airlines flies a plane between Los Angeles and Las Vegas, they are breaking the terms of their agreement with Learjet. It may not be a clear cut case, but if you take the time to look at the ownership rights of the jets, you will understand why.
When an individual purchases a jetliner, they do not own the entire thing. There is clear ownership rights to the airplane, but that does not include all of the cargo that is placed on board. A jetliner is a valuable asset for businesses and those who need to use it frequently. Some business’ have as many as sixty aircraft, and the cost to operate this aircraft is extremely high. Any one who owns a 747 could potentially make millions of dollars per year.
In addition to the fact that Learjets fly out of several airports, they are also controlled by different airports. An example of this is LAX, which is owned by LAX Enterprises. Every time a jetliner leaves LAX, it is controlled by LAX. Every airport has a certain type of control over the planes, and it is important for an individual to be aware of the airports that they are traveling through. If you are flying to Las Vegas from LAX, you should know that you are leaving from Las Vegas, so you do not need to worry about flying into Las Vegas and having all of your luggage lost or stolen.
All of these things are a reminder to individuals who own jets to be very careful when dealing with these huge planes. It is important for them to understand their ownership rights to ensure that they do not violate any laws. There are a variety of different laws that can affect a private jet, so it is critical for anyone who owns a jetliner to understand these laws and what they entail. Owning a jetliner is a great pastime for many people, but it is also a responsibility that must be handled carefully. Jets are not toys and should never be played with recklessly.