There is more than one reason nowadays to consider fractional aircraft ownership.
Many people wouldn’t consider flying on commercial airlines pleasant. The airline industry is in turmoil right now. Budget cuts combined with high jet fuel costs have led to higher ticket prices and fewer amenities.
For people who only fly once a year for vacation, this might be a good option.
However, if your business requires employees and you to spend a lot of time in the air every day, you will suffer unless you find an alternate.
This is why you have to consider fractional ownership of aircraft!
Fractional Aircraft Ownership Packages
These fractional ownership packages for aircraft are growing in popularity. These packages enable you to buy flight time on a private plane that you can share with other owners.
It is a mix of buying a plane and commercial flying, so fractional aircraft ownership can offer many benefits.
Reason to Go for Aircraft Fractional Ownership
There are 3 main reasons:
Fractional Aircraft Ownership Cost
First, private jets don’t have to be complicated. This is because maintenance, inspections and flight plans, pilots, certifications, and crew members all are taken care of.
Great Choice of Planes and Airports
A fractional ownership program allows you to access a whole fleet of aircraft.
This allows you to take off and land from many locations, without worrying about which plane is available. You can use any of the planes in the program if they are available, even if there is no one else booking it.
You Pay Only for the Hours of the Flight
A third reason is that fractional aircraft ownership programs charge only for the hours you fly.
You won’t be docked for waiting time or assessed empty-leg fees, unlike traditional chartering services. Flexible scheduling allows you to stay overnight if you need.
Pay Special Attention to the Fractional Aircraft Ownership Conditions
Each fractional ownership package has its own terms and conditions. It is important to do your research before signing up for a company. These companies have very similar operating principles.
You will need to invest a lot of money to buy your fractional share, as it is essentially ownership of an aircraft.
The number of hours that you plan to use the aircraft will determine how much you have to pay.
The contract will require you to pay an hour per hour for the time you fly the plane.
Normally, a Fractional Plane Ownership Has No Time Constraints
Your fractional aircraft ownership package can be terminated at any time.
Or you can sell your share.
Most often, the company that you purchased the package from will help to sell your share. In most cases, you’ll receive a substantial portion of the purchase price back.
To Chose, Or Not To Choose
Fractional Ownership of An Aircraft?
Normally, experts recommend:
- The purchase of an aircraft when it is used for more than 400 hours per year
- Fractional ownership for the intended use of 25 to 50 hours per year
- Chartering on an as-needed basis under 25 hours of flight time per year
These, however, are general guidelines and the convenience of choosing one of the 3 options can vary greatly from one company to another.
Conclusions
You might consider a fractional ownership program if the high cost of commercial airline travel is affecting your bottom line.
You’ll never go back to commercial airlines after you fly on your terms and your schedule.
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