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.
Will any light jet do, or would it be better to have a specific type such as the Embraer Phenom 300?
While there are many variables that separate the over 300 jet cards in the Private Jet Card Comparisons database – over 65 in fact, one difference means a lot to some people and nothing to others.
However, for both types of buyers, choosing the wrong type of program can make for a less than enjoyable experience despite the provider’s overall merits. Figuring it out before you sign can both save you money and make sure the program fits your mission needs.
There are essentially two ways that available aircraft are structured for fixed-rate (and usually guaranteed availability) programs by jet card providers.
One is by cabin-class or size. When buying into a cabin class you are assured of getting an aircraft in that class or larger if you are lucky enough be upgraded based on operational needs.
The other is by specific aircraft make or type, for example, you are buying into an Embraer Phenom 300. So while the provider may let you fly in other types, you know when you want a Phenom 300, you’re going to get a Phenom 300 and not some other type of light jet.
The Goodspeed jet card is on its Pilatus PC-12 fleet with a service area covering the Northeastern U.S. and Caribbean
Tradewind Aviation, an operator of both private charter and by-the-seat semiprivate charter flights, is launching its first jet card program under the name Goodspeed across its fleet of 23 Pilatus PC-12 aircraft.
Targeting business travelers hopping from one meeting to the
next and leisure travelers headed for vacation homes or weekend getaways, and
families with children participating in traveling sports leagues, Goodspeed
offers fixed-rate, one-way pricing so you don’t pay for repositioning flights.
The fractional operator sells shares on its Pilatus PC-12
and now expanding PC-24 fleet
While most people would probably know the nation’s two biggest fractional operators are NetJets and Flexjet, they might be hard-pressed to name number three. That would be New Hampshire-based PlaneSense. And while the two leaders battle it out with Gulfstream G650s and the Global Express, PlaneSense continues to pursue the short to mid-range flight market. Today it announced it has taken delivery of its third Pilatus PC-24, a twin-jet with a range of 2,000 nautical miles, and a takeoff distance of just 2,930 feet, including gravel and grass runways.
Recent private air crashes that killed soccer star Sala and one of Russia’s richest women are highlighting a number of safety issues
A world removed from those Gulfstream G650s and Bombardier Global Express private jets you read about in stories about what type of plane Jennifer Lopez or Elon Musk own are turboprops and piston aircraft. They’re also very popular.