Fraction Ownership Of Private Jets And Its Benefits
Posted on October 27th, 2009
We learned at a very early age that isn’t nice to share- private jets are just a bigger toy to share! Fractional ownership allows each individual owner to have the benefit of having their own private jet, yet at a fraction of the upfront price and ongoing maintenance bills.
There are businesses you can give your time, of which will find other possible share holders in a private jet you have interest in. Once a good amount of shareholders are arranged, you can start determining what type of sharing model should be implemented. The two most popular are the calendar model and the time model. Under the calendar model, you get certain dates out of the year to use the plane. Under the time model, you get a set amount of hours at any time.
Similar to having a lease for an apartment, you will have a lease with the business arranging the fractional ownership. This is to keep all shareholders together so the price doesn’t fluctuate if someone drops out. The lease is generally moderately long, several years or more in length. It’s possible to sell your stake in the deal, but you will be subject to fees.
Depending on what company you do business with, you may have access to one jet or a variety of jets. If your fractional agreement was centered around a single jet, you will have a loss in flexibility. Sometimes you need a different type of jet to fly to a distant area or land in a specific runway. If possible, get access to a contract that allows multiple jets.
In some cases you might not be saving money by picking a fractional ownership model. It would be cheaper than buying the jet, but compared to other options it may not be the most spendthrift. Ask a jet chartering service if they have other forms of ownership, such as one-time usage rates or discount rates for repeat business. If so, compare all plans to see which is best.
Overall, paying more money for having a private jet is a great idea. You get to bypass long airport delays, have access to greater security, and you are able to enjoy five-star service while on the trip. The only obvious drawback would be the cost and flexibility of schedules. If these two aspects aren’t a huge factor, obtaining fractional ownership is a great method of getting a private jet.
Final Thoughts
You can have your own private jet up and running with little paperwork. So long as you are sure you have the funds, and are doing business with a reputable private jet consulting service, the process should be streamlines, fast, and even enjoyable.
Learn more about California Jet Charter Airports and One Way Jet Charter Flights.
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