Fractional Jet Ownership
- October 7, 2017
- Posted by: marlenedubois
- Category: Nursing Assistant Classes
Fractional jet ownership can be an affordable way to own a private jet. Fractional Jet Ownership can be sometimes referred to as Fractional Jet Leasing or Jet Time Sharing. The concept can be also referred to as fractional ownership because the item can be not limited to jet aircraft
An individual person or company buys or leases a fractional share in an aircraft, This particular can be similar to buying a timeshare. You buy a set number of days or hours each year which you can use which aircraft. Most fractional jet ownership programs allow you to use a similar jet
if the aircraft you have bought the fractional share in isn’t available at the time you request.You also pay an hourly fee for time spent inside the air plus a monthly management fee which covers maintenance as well as administration.
The number of hours you can use the aircraft depends on the fractional ownership which you buy. Most fractional jet ownership programs allow some room for negotiation. As a rule a 1/4 fractional ownership gives you 0 hours a year, 1/8th would certainly give you 100 hours, as well as 1/16 th would certainly give you 50 hours.
Look for fractional jet ownership companies which have a fleet of aircraft using a reputation for long life as well as reasonable maintenance costs. The Falcon 50 as well as Falcon 900 are two such examples. Also companies which don’t sell less than 1/4 shares bring the cost down by limiting the number of users per jet as well as a resulting reduction in charter costs as well as a lower incidence of scheduling conflicts with fewer numbers of fractional owners.
The cost of your fractional jet ownership includes aircraft, crews, scheduling as well as maintenance. Prices vary nevertheless a 1/16th ownership of a Citation Ultra may cost approx $80,000.. NetJets have 14 different types of jet in their fleet including a Gulfstream 550 which’s capable of doing Trans Atlantic flights as well as they guarantee which your chosen or similar jet will be delivered to you with 4 hours notice. .
Fractional jet ownership company Flight Options have a referral program, introduce a fractional owner as well as earn $10,000 flight time credit. Flight Options have an hourly rate based on the distance flown giving you more air time. Owners can use 80% to 0% of the share hours bought each year as well as pay only pay management fees on the hours used. You have a choice of the Flexible-Use Option or the Traditional Pricing Option. Flight Options allow you to purchase up to 1/2 fractional ownership giving you 400 hours a year.
A cost effective alternative to fractional jet ownership can be Blue Star Jet’s Sky Card service. You don’t pay a monthly management fee as well as Blue Star have access to over 4,000 jets worldwide. A jet can be always available as well as you don’t have to contend with co-owners, plus There can be no contract commitment. You also get a personal concierge to assist with travel, dining as well as entertainment needs.
Many factors have to be taken into consideration before deciding on weather or not to opt for fractional jet ownership, chartering a private jet or purchasing your own private jet. In some cases buying a jet can work out to be a less expensive option inside the long run especially if you spend a lot of time travelling by air. With fractional jet ownership you are paying for the hours spent inside the air as well as the initial cost of fractional ownership plus monthly maintenance fees.