Fractional Jet Ownership - Things You Need To Know
Fractional jet ownership, also called fractional time sharing or fractional jet leasing, is where a company or a person either leases or buys part interest in an aircraft. Most times it is done to acquire a private jet for either business or personal reasons. The fractional owner can use his own aircraft or if not, some other similar aircraft for a specified number of hours or even days. Individual deals vary greatly based on negotiations. Normally, the buyer or the lessee gets about 1/8th of the interest in an aircraft. As part of the deal, the buyer or lessee can obtain up to a hundred hours a year of usage. This 1/8th part varies, depending on the type of private jet involved.
Concomitantly, another option for a fractional jet ownership is buying or leasing 1/16th of the interest in the aircraft. Here, the buyer or lessee can use the private jet for about fifty hours per year. Some also opt for 1/4th interest that includes 200 hours. Once a deal is closed, the buyer or lessee is then authorized to use the aircraft and the crew. However, each deal differs from one another, depending on the people using the aircraft, the value of time, and the amount saved in hotels and airline tickets. Aircraft experts use certain guidelines for buyers/lessees to consider. For travelers who fly more than 400 hours a year, operating your own craft is suitable. But for those who fly from 101 hours to 399 hours a year, the fractional jet leasing option can be just right. Before buying or leasing shares of luxury private jets, it is very important to understand the advantages and benefits of doing so.
Fractional jet ownership can have outstanding benefits for many different reasons. One is the convenience of having jet travel at your fingertips and not having to wait in long lines at commercial airports. Another benefit is the cost. While it may seem like owning a jet and the maintenance on it could be expensive, it is also expensive if you have to make several business trips during the year, as this too can add up. It has also been shown that using a private aircraft to travel versus booking a commercial flight can save as much as 4 hours in traveling time, per trip.
Fractional jet ownership allows individuals who need to participate in frequent jet travel to do so without having to deal with the expense and ordeal of commercial airlines. While being a sole owner of a private jet for either business or personal reasons can be expensive, if you are sharing the cost with other individuals, then the cost is not as much of a burden. If you are in need of a private jet for frequent flying, then looking into this option may be well worth your while.
Related topics about jet ownership
A Private Jet
A private jet is also known a business jet. This is just a simple aircraft and normally smaller than those commercial planes.
Private Jets
Oh, the lifestyle of the rich and famous! The ability to hop aboard private jets and wing your way anywhere in the world is a dream of any traveler that has to fly coach on a commercial airline. It is no wonder that people dream of having a fleet of private jets at their disposal with today's cramped spaces on airlines and service that has fallen to the wayside.
