- Erling Haaland decided to sell his Piper M600 in favor of chartering, offering convenience without the hassle of ownership.
- Selling the Piper M600 was a good business decision for Haaland and his father, as they made a significant financial return on the sale.
- Chartering a private jet provides access to larger, more luxurious aircraft featuring more onboard facilities and longer ranges.
The Manchester City millionaire footballer Erling Haaland previously owned a Piper M600 but decided to sell it in favor of chartering private jets. What could be the reasons why?
The Piper M600
Erling Haaland and his father, Alfie, owned a 37.5% stake in the company Sola M600 AS, which owned the Piper M600 with two other partners.
Photo: Piper Aircraft
The six-seater M600 is a single-engine turboprop with a clean-sheet-designed wing and Garmin G3000 avionics suite featuring a signature Autoland autonomous system. The interiors are fully customizable and luxurious for general aviation aircraft.
They bought the aircraft registration LN-ECM in 2021 for just under £2 million ($2.6 million). Interestingly, to buy a new M600 now would cost in the region of £3 million ($3.8 million). The aircraft was sold to Eckhoff Johansen, who has a gun silencing business, for considerably more than what the Haaland family paid for it. Selling the aircraft to generate a substantial financial return was a good business decision.
A source told The Sun:
“Erling and Alfie have had fun in their plane.”
“But they’re both multi-millionaires who can afford to charter a private plane without the hassle of ownership.”
“It’s a bonus that they appear to have sold it for more than they paid for it – that’s good business!”
Chartering a private jet
Erling has been seen jetting around Europe on a VistaJet Challenger 850, the same company that Formula One’s Charles Leclerc uses. The aircraft can accommodate up to 14 passengers, and the seats can be converted into lie-flat beds. There is WiFi and an airshow system with the option of using it for in-flight entertainment.
A divan can be made into a bed, and a closing door helps make the cabin even more private. There are also two lavatories onboard, along with a full-size galley for food preparation. Vistajet also provides a cabin hostess to prepare food and drinks or make up the bed.
Ownership vs. charter
Owning a private jet can be costly after the initial outlay – a pre-owned Bombardier Challenger 850 can cost between $7 and $10 million. On top of that are fees for the crew, aircraft management, hangar space, insurance, maintenance, and fuel, just to start. Ownership is convenient if you fly over 200 hours a year in order to break even in terms of cost. In addition, if the aircraft is chartered out, it can make more money to offset expenses, but you don’t have the flexibility of being able to use it at any time you please.
Benefits of charter
In this case, the benefits of chartering an aircraft would be access to a larger aircraft type, with more facilities onboard and a longer range. As you can imagine, the Challenger 850 would be much more comfortable and luxurious than the Piper M600. Chartering an aircraft is relatively easy and is on demand, so it can be almost as convenient, although expensive for the average person.
Photo: InsectWorld | Shutterstock
If the Haaland family can afford to charter aircraft, it makes sense to sell the smaller aircraft, which is more for flying for fun than regular commutes. They made money on the sale, too, which may pay for a portion of those charter flights. The ease and convenience of chartering a private jet can’t compare with the costs of ownership and variable costs that come with it. The initial outlay for a new private jet like the Bombardier Global 5500 (comparable to the Challenger 850) would be around $72 million and require considerable investment compared to the Piper M600.