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Shared flights. VIP options. ... the private jet cost can stay in the $5,000 range or go up to $20,000 or more. ... Fractional ownership is when a group of people shares the ownership of a private ...
Cost – Private jet travel is very expensive, and the fractional model can be the costliest option (when compared to memberships, charters, etc.). The plans are also complex, with multiple layers of cost that make it nearly impossible to calculate a realistic fully loaded bottom-line per-flight cost.
Fractional ownership offers an individual or company the option to purchase a share of an aircraft. Shares from as little as 1/16 of an aircraft, which offers approximately 37.5 hours of flight time per year, to 1/2 of an aircraft can be purchased, depending on the needs of the operator.
Unless you spend at least 150 hours a year flying, a private jet rental is probably a better option than buying — that way, you avoid many of the yearly maintenance fees private jets cost you.
Flight sharing is the sharing of the direct operating costs of non-commercial general aviation aircraft flights between a licensed pilot and their passengers (in contrast to the outright commercial operation of flights for hire, such as fractional ownership of aircraft or air charter).
The number of miles flown by private jets soared 53% between 2019 and 2023, while the number of private aircraft rose by 28%, according to a major new study published in Nature.
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