Fractional Ownership Plans For Private Jet Charters

We can’t all afford the lavish private jet with a mini bar and water bed in it. The good news is that you might be surprised if you may or not, thanks to the fractional ownership style of private jet purchases. It’s less money upfront, and a fully functional jet is still at one’s fingertips.

Private jet ownership done on a fractional level will mean that you are able to use the jet according to either a certain schedule, or via a certain amount of hours per period. If you are only flying about 50 hours each year, this is the better option as you aren’t paying for the overhead that comes with paying for the jet and all the maintenance required to keep it running smoothly.

Even if you need out of the ownership, there is usually a clause that states you are able to do so. A minimum commitment is required, but after this period, you are free to liquidate your share in the private jet charter. Whether you or the company handles it is the question of course. If the company handles it, doesn’t settle for anything less than fair market value if you are able to.

Find a private jet ownership model that guarantees availability. These managed services will ship out a different private jet should another stakeholder be using the one in question. Guaranteed availability is necessary for business owners who need to get in the air at a moment’s notice in order to secure their next business deal.

Owning a private jet is just the start of the expenses. Even after all the initial costs are paid, you are only getting started in paying the ongoing bills for keeping the jet running. Also factor in high costs of fuel and pilots, catering businesses, and so forth. It’s an expensive process to undertake, to say the least. The company you sign with should give you a detailed break down of the average fees it will take to run a jet.

The proof of a good service is in the pudding. Ask to see testimonials from real customers, and references if you feel to press the matter further. Call up on some references and see what kind of experience or advice the person would give if they had to do it all over again. You can learn some valuable tips, or even find something out that the private jet charter didn’t clue you in on at the meeting.

Final Thoughts

Finding a private jet charter that does fractional ownership isn’t always easy, since it’s a niche of an already targeted industry. Private jet companies will be glad to do the consulting for you if they don’t already have services set in stone, so long as you ask nicely.

Learn more on Dornier aircraft and Saab 340 aircraft.