What Happens to Your Plane When You Aren’t On It?

It just makes sense for owners of expensive yachts and private jets to charter them out when they are not in use. It helps defray the cost of upkeep and makes good use of an investment lying idle. Most people use a charter broker and never think about who is actually doing the chartering. Phillip H. Morse, a minority partner of the Boston Red Sox, recently made the news when it was discovered that his Gulfstream V has been chartered to the CIA. Morris seems to have no problem with this but had to do some quick damage control when news reports said that the plane might have been used to carry terrorism suspects. ’’It’s chartered a lot.” Morse said. ’’I was glad to have the business, actually. I hope it was all for a real good purpose.”