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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, Volato,[1] PlaneSense, Global Charter, [2] and AirSprint. Alternatively, owners can join together to purchase their aircraft, independently of any management company.
Fractional aircraft ownership allows individuals to purchase a share of an aircraft, instead of the entire aircraft itself. The price for this share is pro-rated based on the market price of a full aircraft. As a result of this purchase, owners have guaranteed, limited access to the plane or a similar one in the operator's fleet, proportional to the size of their share. Monthly maintenance fees and occupied hourly operating fees are required of fractional owners. Typically, the latter is charged only when an owner or guest is on board, not during the plane's travel to a pickup point or its return to its home base after a flight.
For shared aircraft that are part of a large management company fleet, owners have access to the full fleet of planes and may upgrade or downgrade for specific flights.[3] Ownership contracts are typically for five years. At the end of the contract, the owner can sell their share either back to the company or to another owner waiting for a position. Most fleet management companies charge a "re-marketing fee" for the final sale.
In some cases, several individuals purchase and operate their chosen aircraft as an independent group without going through a commercial operator. If one individual then decides to sell their share, it may be purchased by the remaining owners or sold outside the group to another individual. The details will vary from group to group as it is subject to whatever terms were in the original contract.
Fractionalownershipofaircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. Several management...
Fractionalownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownershipof a high-value tangible asset, usually...
Flexjet is an American provider offractionalownershipaircraft, leasing, and jet card services. Founded in 1995 as a division of Bombardier Aerospace, it is...
jet charter and aircraft management company in the world. It launched its fractionalownership business in 1986 and became a subsidiary of Berkshire Hathaway...
fixed-price membership programs as alternatives to jet cards and fractionalownershipofaircraft. The company also offers the ability to purchase individual...
offers fractionalownership and management of private business jet aircraft. AirSprint was founded in 2000 as the first fractionalaircraftownership company...
listing to continue its operations. Aviation portal Private jet Fractionalownershipofaircraft Air charter Air taxi Business jet "All the Ways to Fly Private...
outright commercial operation of flights for hire, such as fractionalownershipofaircraft or air charter). With the rise of the Internet, numerous websites...
a fractionalaircraftownership program managed by PlaneSense, Inc. and based in Portsmouth, New Hampshire, United States. As of the beginning of 2020...
incentives are expected to bring more high-end travelers to Delta. Fractionalownershipofaircraft AirSprint Flexjet NetJets PlaneSense VistaJet "Wheels Up Experience...
the users. Fractionalownershipofaircraft involves an individual or corporation that pays an upfront equity share for the cost of an aircraft. If four...
leading provider offractionalownership programs for general aviation aircraft. In 1986, NetJets created the fractionalownershipofaircraft concept and...
operated a fleet of Bombardier Global aircraft on VistaJet's behalf. The move saw VistaJet targeting former and current fractionalownership customers in...
Avantair was an aircraftfractionalownership company, headquartered at Clearwater, Florida, U.S.A.. Avantair provided fractionalownership, leasing and...
destinations. Fractionalownership is a model that allows individuals or corporations to purchase a share of an aircraft, granting them access to a fleet of aircraft...
offered fractionalownership and rental of private high performance aircraft. Air Shares Elite was formed in 1999 providing shares in aircraft that it...
Capital, offers customers fractionalownershipofaircraft, rather than outright purchase. In March 2021, another fractionalownership company, NetJets, announced...
Canadian domestic designator, call sign, or aircraft registered with Transport Canada. Please see lists of airlines by provinces or territories for sorted...
gallon. [citation needed] When used in a fractionalownership program aircraft, gasoline also is subject to a surtax of $0.141 per gallon.[citation needed]...
LR Helicopters McMurray Aviation Morningstar Air Express Canadian Civil Aircraft Register: History Search Result "Nor-Alta Aviation". Archived from the...
company that offered private jet cards and share ownership (sometimes known as fractionalownership). It was closed in 2009. Jet Republic launched in...
charter operators. A number of companies also use the aircraft as part offractionalownership programs. Data from G550 Brochure General characteristics...
Chad Trautvetter, AIN Online, July 22, 2008 “Ups And Downs ofFractionalAircraftOwnership,” by Mark Patiky, Forbes, October 8, 2013 "Flight Options Press...
services, air charter and air freight services, as well as an ACMI or fractionalownership programme. It is based at Lydd Airport. The airline was established...
Flight Options in 1998 in an effort to develop a nationwide fractional jet services ownership program. Flight Options enjoyed significant early success...
executive and personal aircraft management, MRO and FBO services, worldwide air charter, aircraft sales, fractionalownership and rental of private business...
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