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The "fair market value" calculation is a key consideration and can dominate the overall cost-benefit analysis of the fractional ownership format. Many fractional owners were burned by the volatile market and geopolitical conditions of the early 2000s and the recession in the late 2000s.
Fractional ownership offers an individual or company the option to purchase a share of an aircraft. Shares from as little as 1/16 of an aircraft, which offers approximately 37.5 hours of flight time per year, to 1/2 of an aircraft can be purchased, depending on the needs of the operator.
This allows people to fly privately for cheaper than the cost of full jet ownership. I toured one of Flexjet's $23 million Embraer Praetor 600s. It costs about $10,000 hourly.
PlaneSense is a fractional aircraft ownership program managed by PlaneSense, Inc. and based in Portsmouth, New Hampshire, United States.As of the beginning of 2020, they managed a civilian fleet of 44 total program aircraft, made up of 36 Pilatus PC-12 aircraft and five Pilatus PC-24 jets.
XO (formerly XOJET) is a US-based private aviation company and subsidiary of Vista Global with its headquarters in Fort Lauderdale, Florida.XO, with a worldwide fleet access of more than 1,450 private aircraft, offers clients on-demand private jet charters with fixed-price membership programs as alternatives to jet cards and fractional ownership of aircraft.
On average, heavy business jets cost between $15 million and $30 million. Ultra long range heavy jets: Jets like these hold enough space to act as flying hotel rooms. With full-size beds and room ...
The jet card was developed in response to the highly popular fractional ownership programs of the time offered by NetJets and Flight Options. The attraction to fractional ownership and ultimately the jet card was the consistency in pricing over charter and the reduced complexity of owning a jet, which were the only other options prior to ...
Fractional ownership is a model that allows individuals or corporations to purchase a share of an aircraft, granting them access to a fleet of aircraft managed by a provider. Fractional owners typically pay an initial acquisition cost, followed by monthly management fees and hourly flight rates. [8]
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