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Fractional Jet Ownership - An Overview

They say that money can't buy everything, which may be true. However, it can certainly buy you a lot of timesaving, just ask anyone who has participated in fractional jet ownership, which can most easily be described as a "flying timeshare."

So how exactly does fractional jet ownership work? A company or individual customer buys a fractional interest in an airplane, just as they may purchase partial ownership of a vacation spot condominium. With this purchase they can then use this or a similar aircraft for a specified number of hours and/or days out of the calendar year.

There are a lot of advantages to taking part in a fractional jet ownership program for anyone that flies frequently and is looking to save some time and money in the long run. Using a business airplane is estimated to save an average of four hours travel time and eight hours productivity time per trip. You can also save on hotel bills by having the flexibility to return when you want to, and not being limited to commercial flight timetables. This has the added advantage of getting you back to spend time with friends and family.

Smaller business jets can also land at approximately ten times the number of airports in the United States compared to large commercial aircraft, so you can get much closer to your destination and also save on the costs of ground transportation or flight transfers.

Large corporations are the biggest owners of fractional jets, with entrepreneurs, wealthy families, entertainers and sports stars next on the list. Those who have a demanding schedule that calls for them to be in a large variety of places cannot depend on commercial airlines, hence the demand for the flexibility of fractional jet ownership.

In the wake of September 11, many businesses and financially able individuals began to prefer fractional jet ownership, considering it to be a safer alternative, as well as a cost-effective one, especially if they frequently travel by air.

The price varies enormously depending on the size of plane that you want to use and the size of the fraction you want to buy. As a general rule the larger the plane, the more people it can accommodate and the further you can travel (without refueling) but the more it will cost you. For example a light jet will have an initial acquisition cost of about $400,000 for a 1/16 share (50 hours of flying), but a heavy jet would have an initial acquisition fee of over $3,000,000 for a 1/8 share (100 hours).

There are very few cons to flying through a fractional jet ownership program. One downside is the ever-changing wave of life, which may affect your company's amount of travel time or your own personal use of a jet. This could result in a fairly significant financial loss, since you're typically tied in to a 5 year contract for the ownership. Most of the jet businesses also charge you a pretty hefty monthly fee, whether or not you fly, and when you incorporate fuel costs, landing fees, and other miscellaneous charges, you will spend well over what you would pay for a commercial flight. However, most people are pleased with their fractional jet ownership program and its options of comfort, schedule flexibility, and large time saving compared to commercial flights..

So if you or your company is looking for a flexible, time saving way to travel and get things done more quickly consider a fractional jet ownership.



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