The two largest players in fractional ownership of private jets saw significant growth in 2019
NetJets and Flexjet, the two largest players in the fractional ownership market, both recorded strong performances in 2019, measured by flight hours.
According to data released by Argus Traqpak, for the total fractional market, flights and flight hours grew 5.9% and 7.9% respectively, when compared to 2018.
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.
While a one-off short flight on a light jet might be had for as little as $5,000, you can also buy a new $70 million ultra-long-haul private jet. We look at the options, including full ownership, fractional shares and leases, jet cards and on-demand charter
The cost of a private jet varies widely, from owning an entire aircraft to chartering on-demand. But what are the options?
Fractional ownership and leases, as well as jet cards, have become a popular middle ground, providing convenience and consistent experience in many ways offering the best of either full ownership or on-demand charter.
However, figuring out the right solution isn’t necessarily based only on flight hours. Current U.S. tax benefits of full or fractional ownership can tilt the scale in their favor, particularly if most of your flying is for business.
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.