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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.
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]
The author toured a Flexjet Praetor 600 that costs about $10,000 hourly for fractional ownership. Taylor Rains/Business Insider Flexjet sells partial ownership of private planes for a set number ...
Fractional ownership is when a group of people shares the ownership of a private jet. This can be a more cost-effective way to own a private jet than subscribing to one of the best private jet ...
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