We learned at a very early age that isn’t nice to share- private jets are just a bigger toy to share! Fractional ownership allows each individual owner to have the benefit of having their own private jet, yet at a fraction of the upfront price and ongoing maintenance bills.
Your best bet in finding a fractional ownership opportunity is to find a jet chartering service that specializes in creating such relationships among clients. These businesses will already be skilled in formulating the rules and guidelines, will have contracts to sign, and are generally a professional way to go about obtaining jet ownership. Every business is different, so it would be a good idea to investigate a few of these types of businesses before signing a contract with any of your choices.
Fractional ownership demands that you sign a contract for a set amount of time, which acts as your lease. It’s average to sign on for five years. After the period is up, you can sell your share of the plane to another or back to the company that arranged the fractional ownership. Fees may apply, but otherwise you should get fair market value.
The contract you sign may allow you to have access to a single jet, or even the entire inventory of jets that a jet charter has. If you are going to be limited to a single jet, this is less fortunate since there could be instances where you may need a different make or model. Overall, access to a single jet isn’t superior than the alternative, but you still have your own jet to fly.
In some cases you might not be saving money by picking a fractional ownership model. It would be cheaper than buying the jet, but compared to other options it may not be the most spendthrift. Ask a jet chartering service if they have other forms of ownership, such as one-time usage rates or discount rates for repeat business. If so, compare all plans to see which is best.
Private jet charters are a great alternative to the common commercial airliner. For some celebrities, it isn’t even a question as to whether or not to obtain a private jet, but a question of how and under what circumstances. Commercial airliners can be dangerous, have poor conditions, and getting through security can be tough. A private jet is the best option for those who can afford the price.
Final Thoughts
Private jets are the symbol of luxury. Knowing you have a private jet at your command is an amazing feeling, as you know you can go virtually anywhere at almost any time of the day or night. Start calling around to see who has a good deal for the budget you had in mind.
Learn more about California Jet Charter Airports and Jet Charter Airports in the District of Columbia.