Fractional Jet Ownership
by: RayLam |
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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
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.
As a private aircraft owner, scheduling flights days and weeks in advance is a thing of the past. Once an owner, you simply pick up the phone and your plane will be ready in a few hours-where you want it and where you want to go. It's the ultimate in convenience.
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
The price varies enormously depending on the size of plane that you want to use and the size of the fraction you want to buy. As a general rule the larger the plane, the more people it can accommodate and the further you can travel (without refueling) but the more it will cost you. For example a light jet will have an initial acquisition cost of about $400,000 for a 1/16 share (50 hours of flying), but a heavy jet would have an initial acquisition fee of over $3,000,000 for a 1/8 share (100 hours).
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Learn about Jet Charter Company and get your Free report on Top Jet Charter Companies by visiting http://privatejetsreview.info, a popular website that provides free advice on private jets for hire.
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