wasn’t the owner of my own plane now, I’d definitely have a fractional plan.
Fractional jet ownership is sometimes called fractional jet leasing or fractional jet time sharing.
In legal terms fractional jet ownership is not the same as time sharing a property, but it is similar. Essentially, a purchaser leases a part- interest in a jet or aircraft. I like it because enables the owner to use the aircraft for a certain predetermined portion of a day or weeks of a year. If your aircraft is not in service during your allotted time you will often be given the option of using an identical model which is fractionally owned by others. It’s nice to have back up plans like that.
Not only does fractional ownership of a plane save you a great deal of money over purchasing a plane yourself, it also gives you flexibility to tailor and negotiate a usage plan that suits your individual needs. You can often purchase ownership for a set amount of hours based on how much you plan to fly. You also often have the option to share your fraction back or make cancellations when necessary. That way you’re not paying for hours you won’t use.
Fractional owners or lessors are usually provided with an all-inclusive range of services including, a full flight crew, a scheduling services, and on-demand maintenance and repairs. The cost and ease of use of a fractional plan are two of the biggest pluses, but their other benefits as well. You’ll save time traveling to and from large airports, and you’ll be able to use the time spent in the air more productively.
Fractional private jet flight also can often spare you from the associated costs surrounding commercial air travel such as parking expenses and lodging. Some private aircraft even allow smoking on board. I like not having to suffer through cravings and being able to enjoy that big Cohiba with my cocktail right on the plane.
You’ll also have an astronomically higher number of airports to take off and land from, and many smaller air fields are much closer to central city areas where you may be headed. Friends of mine who run businesses which own one jet already but need an additional aircraft to transport auxiliary staff and personnel tell me fractional ownership plans have been a big help. Private fractional jet ownership is great for families too. A private plane lets you relax and spend quality bonding time with loved ones in a more spacious and private atmosphere.
The final step you’ll want to take before purchasing an interest in a fractional jet is to choose an aviation lawyer. These legal experts will guide you through the ins and outs of the negotiation and contract process. They will inform you of your rights as a fractional owner and assist you in dealing with any conflicts which may arise. It is always good to have a knowledgeable professional at your side to advise you when you are considering making an investment of this size.