Fractional ownership or leasing of a private jet is a big decision. We give you a comprehensive overview of factors that will guide your decision
Fractional ownership and leases sit between full ownership and jet cards or on-demand charter in the hierarchy of private aviation solutions
How does it work, what are the costs, and when you should consider fractional ownership and leases?
What can you negotiate?
Having read and reviewed dozens of articles that cover fractional aircraft ownership, I find many of them somewhat misinformed. The typical approach is to espouse fractional ownership as the ideal solution if your annual flying ranges between 50 and 400 hours.
Said articles recommend full ownership if you fly more than 400 hours, jet cards for 25 to 50 hours, and on-demand charter for less than 25 hours of flying.
I don’t want to say these generalizations are wrong. They’re just overly simplistic and can lead you to make a decision that might not be the best fit.
Private jet rental brokers can better serve clients by using a mobile platform the Directional Aviation company is launching next week during NBAA
Kenn Ricci’s Directional Aviation does everything from repairing (Constant Aviation) and remanufacturing private jets (Nextant Aerospace) to pilot training (Simcom). Still, outside the industry, private aviation fliers likely most know it for its three consumer brands – Flexjet, Sentient Jet, and PrivateFly – all housed under OneSky Flight, LLC.
Now Tuvoli, which means, “to fly” in Italian, promises to make life easier for private jet charter operators and brokers, with several key benefits flowing directly to consumers. Greg Johnson, Tuvoli’s president and chief information officer for OneSky, says his goal is to take the friction out of on-demand charter.
Making private jet charters fly
NetJets provides flights for cancer patients accessing treatment
Corporate Angel Network (CAN) has recognized NetJets with its Corporate Angel Award for going above and beyond to fulfill CAN’s mission of helping cancer patients access the best treatment centers in the country by arranging free travel on corporate aircraft.
NetJets has supported CAN since 1997 helping transport
hundreds of patients to treatment. Last year it expanded its relationship by
giving CAN access to its ferry flights.
Private jet charter prices are 30% lower than average on-demand prices, the company says
Private aviation charter platform PrivateFly, a Directional Aviation company (think Sentient Jet, Flexjet, and Nextant Aerospace), has announced a new and extended list of discounted, fixed-price charter routes for the autumn and winter season.
Last Fall, it launched the fixed price concept between London and Geneva before expanding it for the summer season. City Pair flights accounted for over 20% of its European flights during the period. It also launched $29,000 one-way pricing between New York and San Francisco or Los Angeles, which also continues.
According to PrivateFly, its City Pairs exclusives are 30%
lower than average on-demand prices on the same or an equivalent aircraft.
Gross profit of £17.2 million was “stronger than levels anticipated at the time of AGM”
U.K.-based charter and jet card broker Air Partner said its gross profit was £17.2 million for the first half of its financial year, which ended in July. It said the results are “in line with prior period and stronger than levels anticipated at the time of AGM.”
Air Partner sells jet cards with fixed hourly rates that cover Europe, and North America, including the Caribbean and Mexico. During the summer, it introduced one-way transatlantic fixed rates starting with just a 10-hour commitment.