Fractional ownership is a shared ownership model in which multiple individuals or companies take ownership of an asset like a corporate jet. Under this arrangement, each owner pays for part of the costs associated with owning and running the aircraft – such as maintenance, fuel costs, and insurance – without owning 100%.
How Does it Work
Acquiring fractional ownership of a corporate jet involves entering into an agreement with a fractional ownership company. These firms usually offer various share options, each representing part of the aircraft’s total value. Depending on which share option is selected, owners are allocated specific number of hours to use the aircraft annually.
Time Savings
With fractional ownership, you can simplify the time-consuming process of booking flights, standing in airport security lines and managing flight delays. Fly on your own schedule which helps to boost productivity and efficiency levels.
Cost savings
Fractional ownership allows businesses to share the cost of ownership for a corporate jet among multiple owners, making it more budget friendly than purchasing an entire aircraft. This can be advantageous for those businesses that need the flexibility and convenience of having their own private jet but cannot justify the full expense of ownership.
Flexibility
Fractional ownership offers more versatility than other private jet ownership models, allowing you to select from a wider range of aircraft and adjust your ownership share as your business needs shift. As a fractional owner, you have more freedom to decide the use and customization of your aircraft. You can tailor it according to your specific needs and select your own crew and schedule for maximum flexibility. Fractional ownership companies adhere to stringent safety protocols and maintenance programs, guaranteeing your aircraft is always in top condition for when you need it most.
Fractional ownership of a corporate jet is an ideal solution for businesses that require the flexibility and convenience of owning a private jet without the full expense. It offers numerous advantages, such as time and cost savings, control, safety, flexibility and control over operations. Before considering this route, be sure to do your research and choose an established company that can meet all your business requirements.
