THE COST TO BUY, RENT OR BUILD A HANGAR EXPLAINED

 If you’re in the market for hangar space, you may be wondering which option is best: buying, renting, or building an aircraft hangar. It’s essential that you keep your aircraft in a secure hangar to keep it safe from the elements and to keep it in the best condition possible. Depending on where you live, you probably have several choices, including buying or renting hangar space at a large commercial airport, or perhaps at a smaller executive airport. 

There are different cost implications for each of these options. In this article, we’ll explain the average costs associated with renting, buying or building a custom aircraft hangar, as well as what you can expect in terms of aircraft maintenance. We highly recommend having a comprehensive understanding of all costs involved before making your choice. 

How costs of airplane hangars can vary  

The cost of your hangar will largely be determined by what type of aircraft you have. If you have a plane you use for personal recreation and short business trips, your best option is probably renting hangar space. Many public airports build a surplus of hangars and you will most likely be able to find one to rent at a reasonable rate, and renting allows you to be flexible with moving your aircraft base from one location to another if necessary.

Corporate aircrafts are more high-maintenance than personal aircrafts, meaning they must be protected from the elements while not in the air, and they must be ready to fly at any given time. A hangar for a corporate aircraft will be more expensive than a hangar for a personal aircraft. In addition, we recommend hangaring corporate planes somewhere that’s serviced by an on-site aircraft maintenance team. 

Every airport will have their own hangar rental and purchasing costs that are influenced by a variety of factors, including tax rates, population density, local regulations, and the specifics of your aircraft. Location and convenience also factor into prices. 

Other factors to take in consideration 

While building custom hangar space is an attractive option because you can build it to your exact specifications, remember that you’ll be responsible for additional costs including building maintenance, repairs, insurance, and utilities. Building your own space also gives you the option to build designated spaces for maintenance. 

Renting is an appealing choice to most personal aircraft owners who use their planes for leisure and light business travel. However, before making a choice, find out what services are included in the rental price (like maintenance) and find out if the airport offers around-the-clock on-site aircraft support. 

For more information about hangar space at Monmouth Executive Airport, or if you have any other questions, please contact our team today. We look forward to hearing from you.

How rewarding is it to learn to fly?

Have you ever been curious about enrolling in a pilot training program? Many people dream about learning to fly, whether as a career choice or a hobby. At Monmouth Executive Airport, we run a premier flight school in NJ where you can pursue your passion, learn all about becoming a pilot, and experience the freedom of flying.

Taking flying lessons is incredibly rewarding, and we’re proud to say that we’ve worked with hundreds of people of all different ages and experience levels. Whether you’re brand new to the world of flying with no prior experience, or you’ve had some flying experience before, we welcome you to participate in our pilot training program. We also welcome you to take a Discovery flight with one of our certified instructors. 

What to expect during a Discovery flight 

Once you’re ready to learn to fly, your first point of call will be a Discovery flight. This is exactly what it sounds like – an introductory flight that allows you to discover what it’s like to operate an aircraft. 

Here’s what you can expect during a typical Discovery flight:

• While still on the ground, a certified flight instructor will walk you around the aircraft and familiarize you with all the components, both inside and out. You’ll get a tour of the cockpit including all major controls, and the instructor will be sure that you understand all functionalities before getting up in the air.
• You’ll then learn how to check all the flight systems to ensure the aircraft is ready for take-off. 
• Now that the plane is ready for take-off, you’ll join the instructor in the aircraft for a short flight, usually around 45 minutes. While in the air, you’ll assist with monitoring fuel levels, engine oil, aircraft lights, and other essential components.
• The flight instructor may also allow you to assist them with some gentle, easy maneuvers while you’re in the air.
• Once you’re back on the ground, the pilot will show you how to examine the aircraft for any signs of damage. 

Discovery flights are great for people who want to get a taste of what it’s like to be a pilot, and we recommend taking one before you sign up for pilot training. 

For more information about Monmouth Executive Airport’s flight school, or if you’d like more information about Discovery flights, please contact our team today. Find out why so many people in New Jersey choose our pilot training program. We look forward to hearing from you.