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Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. Several management companies provide fractional ownership programs for aircraft, including NetJets , Flexjet , Cirrus Aviation Services , and AirSprint .
Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved.
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.
The cost of the property is split between multiple shareholders, who also share the profit and the cost of upkeep. Owners of fractional properties usually pay a fee to a real estate management ...
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The 400LS made aviation history on 16 April 1985 by setting two new time-to-climb records for its class (C-1e Group 2, 3000m and 9,000m) and shattering two time-to-climb records for all turboprop classes (6,000m and 12,000m): with retired United States Air Force Brigadier General Chuck Yeager at the helm of N400PS (with co-pilot Renald "Dav ...
Many of us have dreamed of owning a vacation home, but few of us can afford the investment. A study by Statista shows that only 6.02% of individuals between the ages of 30-49 own a second home, and...
It offered services in fractional jet ownership, jet card membership, corporate solutions and whole aircraft management. CitationAir was one of the four major players in the private aviation market during its time in operation. [2] It was a seven-time winner of Best of the Best awards from the Robb Report, most recently in 2009. [3]