Benefits of Jet Fractional Ownership
The term "jet fractional ownership" describes a program in which several owners share the costs of buying, leasing, and operating a jet. This type of ownership is particularly popular among business travelers and entrepreneurs who need a personal jet frequently. Many commercial programs include NetJets, Flexjet, PlaneSense, and AirSprint, which allow businesspeople to share the costs of purchasing and operating a jet. There are several benefits to a jet fractional ownership program, so you should consider signing up for one today.
The biggest benefit of jet fractional ownership is the freedom to use the jet whenever you want. Most programs require that the jet is used for an average of 800 hours per year, with each individual owner receiving a fractional ownership stake based on that amount. Because this is a great benefit, you can significantly lower your hourly rate. You can also use your jet for a variety of purposes, including personal trips or business trips.
If you're considering a jet fractional ownership program, you need to know how much you're willing to spend. Most programs require a five-year commitment, although you can opt out after three years. A fractional share of a jet costs approximately $350,000 for a 16th share in an older plane, while a full flight for a full-sized aircraft costs $650,000. While these costs may seem exorbitant, they are often significantly lower than buying an entire plane. If you're willing to invest in a jet, consider buying a jet share.
Choosing a jet fractional ownership program is a big decision. You can enjoy all the benefits of owning a private aircraft without the hassle of maintenance, insurance, or crewing. All you have to do is pay a monthly management fee, and the provider will handle the rest. Unlike timeshares, you'll get a reduced hourly rate, and no hassle with maintenance or crewing. Plus, you'll never have to worry about a single aircraft's maintenance, and all expenses will be shared between you and the other owners.
The benefits of a jet fractional ownership program are significant. The company will handle all aspects of planning and flight and will ensure that you have the peace of mind that your jet will be maintained properly. By paying a fixed monthly fee, you'll be able to avoid any costly repairs and downtime. This means you can save money on maintenance and fly more often. While you can't use a fractional ownership program as your primary jet, you can always choose another one that suits your needs.
While jet fractional ownership is not an investment in a personal jet, it can be a great way to take advantage of the luxury of a private plane. If you're looking for a private airplane, a fractional share will give you access to an aircraft without a huge upfront investment. A fractional share is similar to private ownership, but there are advantages and disadvantages to both types of aircraft. The benefits of a shared share can vary depending on how often you fly.