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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.
Due to its efficient, high-utility design, the PC-12 is used by a large variety of operators. The main use for the aircraft is corporate transportation, but it is also used by fractional and small regional airlines, air-ambulance operators, and many government agencies, such as police departments and armed forces. The 2,000th PC-12 was ...
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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 Avanti's counter-rotating [35] turboprop engines are placed on a mid-set, high-aspect-ratio wing located just behind the cabin. The three-surface design incorporates both a T-tail and a pair of small, fixed forewings having slight anhedral and landing flaps. On the Avanti II these flaps automatically deploy in concert with the main wing flaps.
In May 2023, fractional ownership company Jet It voluntarily grounded its fleet of HA-420s, following a runway excursion on landing on May 17, 2023, which involved a different operator. Jet It CEO Glenn Gonzales indicated that Honda's customer support was "grossly inadequate" and announced plans in the autumn of 2022 to sell its fleet of ...