Fractional Aircraft Ownership

Fractional jet ownership can be an affordable way to own a private jet. Fractional Jet Ownership is sometimes referred to as Fractional Jet Leasing or Jet Time Sharing. The concept is also referred to as fractional ownership because it is not limited to jet aircraft

Here's how it works. With fractional ownership you purchase an "interest" in the aircraft. An aviation company, as part of its overall aircraft fleet, operates the aircraft. As a fractional owner you have use of the aircraft basically on demand. Of course, you can't use it a million times a year. With your investment comes a limit of flying hours.

If the aircraft you have bought the fractional share in isn't available at the time you request.You also pay an hourly fee for time spent in the air plus a monthly management fee that covers maintenance and administration. The number of hours you can use the aircraft depends on the fractional ownership that you buy. Most fractional jet ownership programs allow some room for negotiation. As a rule a 1/4 fractional ownership gives you 200 hours a year, 1/8th would give you 100 hours, and 1/16 th would give you 50 hours.

Smaller business jets can also land at approximately ten times the number of airports in the United States compared to large commercial aircraft, so you can get much closer to your destination and also save on the costs of ground transportation or flight transfers.

Large corporations are the biggest owners of fractional jets, with entrepreneurs, wealthy families, entertainers and sports stars next on the list. Those who have a demanding schedule that calls for them to be in a large variety of places cannot depend on commercial airlines, hence the demand for the flexibility of fractional jet ownership

There are very few cons to flying through a fractional jet ownership program. One downside is the ever-changing wave of life, which may affect your company's amount of travel time or your own personal use of a jet. This could result in a fairly significant financial loss, since you're typically tied in to a 5 year contract for the ownership. Most of the jet businesses also charge you a pretty hefty monthly fee, whether or not you fly, and when you incorporate fuel costs, landing fees, and other miscellaneous charges, you will spend well over what you would pay for a commercial flight. However, most people are pleased with their fractional jet ownership program and its options of comfort, schedule flexibility, and large time saving compared to commercial flights..

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