Over 8 million people fly every day, which isn’t surprising – not only is it the fastest way to get around the world, but it just so happens to be jaw-droppingly cool. If you’re a passionate aviator, then there’s no reason why you shouldn’t start your own aviation business. However, launching an airline is not a business for the faint of heart as it requires substantial investment and extensive expertise in the aviation industry.
Thankfully, there are plenty of other aviation business ideas that you can pursue that can yield significant profits. Choosing the right business idea depends on your level of expertise and availability of capital as well as what your niche is. The following are some of the most lucrative aviation-related business ideas to consider:
1. Private jet booking
If you have a strong internet connection and the required startup capital, then you can start a website that helps clients book flights on private jets. This business is highly profitable as it offers a commission for each ticket booked through the site.
2. Airline company
Launching an airline is a large-scale undertaking, but it can be very lucrative as well. It requires substantial capital to purchase and maintain airplanes, as well as staff salaries, insurance premiums, hangar rentals, and other operational costs. It’s important to do your research before deciding on which aircraft to purchase and the number of planes you’ll need. You also need to develop a solid marketing strategy.