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Fractional Jet Ownership - An Overview

By: Ray Lam

For many, owning a private aircraft is about status-with convenience being important too. Because aircraft ownership is a sizable investment and because many wisely look before they leap, fractional ownership is very popular.

So how exactly does fractional jet ownership work? A company or individual customer buys a fractional interest in an airplane, just as they may purchase partial ownership of a vacation spot condominium. With this purchase they can then use this or a similar aircraft for a specified number of hours and/or days out of the calendar year.

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. .

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).

Article Source: Main Articles

Learn more about private jets for sale and get your Free report on Top Jet Charter Companies by visiting privatejetsreview.info, a popular website that provides free advice on private jets for hire.

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