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Cost – Private jet travel is very expensive, and the fractional model can be the costliest option (when compared to memberships, charters, etc.). The plans are also complex, with multiple layers of cost that make it nearly impossible to calculate a realistic fully loaded bottom-line per-flight cost.
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.
(c) A private pilot may not pay less than the pro rata share of the operating expenses of a flight with passengers, provided the expenses involve only fuel, oil, airport expenditures, or rental fees. The regulations also state that the pilot and passengers must share a "common purpose" in the flight, [ 3 ] e.g. they are conducting the flight ...
Even with private jets becoming more accessible, new private planes cost anywhere from $2 million for a small seven-passenger Cirrus Vision to $660 million for an Air Force One. The purchase price ...
The most affordable private jets — turboprops, very light jets and executive light jets — typically cost about $2,600 to $3,500 per flight hour. Midsize or super midsize Jets range between ...
A jet card is a private aviation product that enables holders to use different aircraft at agreed-upon fixed hourly rates. Jet cards are offered by large and small fleet operators and charter brokers. [1] [2] There are as many as 65 variables between jet card companies, according to Private Jet Card Comparisons, a buyer's guide to jet card ...
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Jet Republic's private jet club offered members two programs: share ownership and the private jet card. Share ownership was for jet owners to purchase or lease a fractional share of a Learjet 60 XR by only paying for an aircraft share equal to the hours they needed, starting at 50 hours a year. This program allowed owners the benefits of ...
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