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.
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.
The awards include private jet operators, luxury hotels, cruise lines, and architecturally interesting buildings
Departures, a bi-monthly magazine for American Express Platinum and Centurion cardholders has published what it is calling, “The Legend Awards.” In terms of how the list was put together, the publisher states, “We’ve sourced the best of the best in luxury offerings in the travel industry this year. And we’re sharing our insights with you.”
Shared private jet charters offer big savings. Are they ready to take off? An in-depth comparison of the three major shared flight providers.
Jet Linx says last year it flew 40,000 empty seats; XO says it has sold over 160,000 single seats on shared flights
Sharing half of your flights between New York and South Florida during the winter could save as much as $75,000
Restrictions in jet sharing may mean it’s not right for you
Can you fly for the same price as first-class with the airlines?
Everyone wants to fly privately, says Kenny Dichter, the CEO and co-founder of Wheels Up. And the idea is the cheaper it is to fly privately, the more people who will do it. Dichter says that was his idea using the eight-seat King Air 350i to “democratize” short flight.
In the world of chartering your entire aircraft, he cut the price for a one-hour flight for eight people to around $5,000 compared to a cost of $8,000 to $10,000 for the same trip on a jet. His argument was that there was a minimal time penalty since landings and takeoffs are not at full speed, and often as you get near to your destination airport, airplanes are slowed down to similar speeds.
Embraer’s popular Phenom 300 is red hot in the jet card market as Alliance becomes the third provider in five months to add a program dedicated to the light cabin jet
The Phenom 300 jet card is priced at $6,995 per hour, plus 7.5 percent Federal Excise Tax
Aircraft specific jet cards are growing in popularity as an option between full and fractional ownership and on-demand charter. Users like them because they know ahead of time what they are getting, and they also know baggage limitations and range constraints. You can put down start-up Alliance Aviation as hopping on the wagon.