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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.
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.
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.
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AirSprint is a Canadian company that offers fractional ownership and management of private business jet aircraft. AirSprint was founded in 2000 as the first fractional aircraft ownership company in Canada by current Chairman, Judson Macor. Today, AirSprint operates the youngest fleet of fractional aircraft in North America and is the largest ...
Owners of fractional properties usually pay a fee to a real estate management company for taking on t. ... That makes fractional real estate ownership — or buying a percentage of a property ...
It offered services in fractional jet ownership, jet card membership, corporate solutions and whole aircraft management. CitationAir was one of the four major players in the private aviation market during its time in operation. [2] It was a seven-time winner of Best of the Best awards from the Robb Report, most recently in 2009. [3]
The New York Times reports that fractional ownership of real estate -- which the newspaper calls a "step up from timeshares -- is gaining popularity among home owners desperate for cash. You get ...