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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.
NetJets is the largest fractional aircraft provider. In 2021 its fleet flew 478,444 hours. [51] For companies or individuals that require less than the minimum 50 flight hours and the five-year commitment of fractional ownership, they can buy flight hours in 25-hour increments via the NetJets jet card programs. [23]
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.
Pages in category "Fractional aircraft ownership companies" The following 10 pages are in this category, out of 10 total. This list may not reflect recent changes. A.
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 ...
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 ...
Pages in category "Turboprop aircraft" The following 6 pages are in this category, out of 6 total. This list may not reflect recent changes. A. A-90 Orlyonok; B.