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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 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 ...
The term fractional ownership originally became popular for business jets. Richard Santulli of NetJets pioneered the concept of allowing businesses to purchase shares in a jet to reduce costs. [citation needed] With a fractional jet plan, members will typically fly in any jet available, not necessarily the one in which they own shares. The ...
Whether you’re traveling from NYC, Las Vegas, or any other US city, the private jet cost can stay in the $5,000 range or go up to $20,000 or more. ... Private jet cards. Fractional ownership.
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]
On average, heavy business jets cost between $15 million and $30 million. Ultra long range heavy jets: Jets like these hold enough space to act as flying hotel rooms. With full-size beds and room ...
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