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.
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.
The third largest
fractional share provider is putting a push into the jet age
While the popular single-engine Pilatus PC-12 has powered PlaneSense to a position as the third largest fractional share and lease operator in North America, its twin jet brother the PC-24 will likely push the company’s primary service area further west, probably at some point the Pacific Ocean. That day is likely getting loser with the arrival of its second PC-24 which the company said was delivered today.
PlaneSense is launching its first jet fractional share program, but here’s why there will be no jet cards
While New Hampshire based fractional share provider PlaneSense recently moved into the jet age by taking delivery of its first Pilatus PC-24 twin-engine jet, don’t expect the company to begin offering jet cards. Last year, PlaneSense added four Nextant 400XTi jets as a prelude to its first jet fractional program that is being built around the six PC-24s coming online by the end of next year.
The fractional share provider is known for its Pilatus PC-12 fleet of turboprops
Fractional share provider PlaneSense, Inc., received of the world’s first Pilatus PC-24 jet at its headquarters in Portsmouth, New Hampshire today. It marks the company’s move into expanded jet products having built its business on the back of the PC-12 turboprop. It also offers the Nextant 400 XTi. PlaneSense is expecting a total of six PC-24 jets by end of 2019, the largest order received by Pilatus in its current order book.