Fractional Jet 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

An individual person or company buys or leases a fractional share in an aircraft, this is similar to buying a timeshare. You buy a set number of days or hours each year that you can use that aircraft. Most fractional jet ownership programs allow you to use a similar jet

Generally, if you plan to fly 200 hours or less annually, fractional ownership can be a good option for you. Also, as an owner, you won't have to worry about a lot of the stuff that goes into private aircraft ownership. For instance, the aircraft management company will provide pilots, insurance and maintenance for your plane. They may also provide catering and other great services.

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.

The cost of your fractional jet ownership includes aircraft, crews, scheduling and maintenance. Prices vary but a 1/16th ownership of a Citation Ultra may cost approx $80,000.. NetJets have 14 different types of jet in their fleet including a Gulfstream 550 that's capable of doing Trans Atlantic flights and they guarantee that your chosen or similar jet will be delivered to you with 4 hours notice. .

Fractional jet ownership company Flight Options have a referral program, introduce a fractional owner and earn $10,000 flight time credit. Flight Options have an hourly rate based on the distance flown giving you more air time. Owners can use 80% to 120% of the share hours bought each year and pay only pay management fees on the hours used. You have a choice of the Flexible-Use Option or the Traditional Pricing Option. Flight Options allow you to purchase up to 1/2 fractional ownership giving you 400 hours a year.