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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.
The Praetor 600 is part of Flexjet's "fractional jet ownership" program. The Praetor 600 is just one of hundreds of Flexjet's fractional owner planes. Taylor Rains/Business Insider.
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. [50] 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]
The tax law allows for taxpayers to immediately deduct the cost of an aircraft purchased and put in service after Sept. 27, 2017, and before Jan. 1, 2027. But this is a tax law tailored to benefit ...
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 .
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