How does fractional aircraft ownership work

Fractional aircraft ownership strikes the perfect balance of letting the flyer be in control of their trip, but not bogged down in the operational details. Even at major airports, fractional aircraft and other private aircraft are handled separately from airlines, with distinct terminals. Simple is driving right onto the tarmac in some locations for direct access to the aircraft. Simple is bypassing air and ground traffic congestion by accessing airports closest to your destination.

Simple is fractional ownership. Get our free guide today. The goal is to get flyers from Point A to Point B as quickly and as safely as possible while also ensuring that their expectations for enjoying the trip are not just met, but surpassed.

For more information about the benefits of fractional ownership for private, recreational, and business aviation, contact us today or download our guide. Flying aboard a private jet evokes images of luxury and superior comfort. When thinking of the more affordable light jets, however, one may expect to find a small, confining cabin.

Read More. However, there are no guaranteed minimums, and so any return is completely tied to the market value of your aircraft.

You may get much less back than you expected. With a lease, however, the market risk is shifted to the provider, a variable that certainly is factored into the lease cost, but which also cabins your financial uncertainty. That is because providers charge an interchange fee in connection with an upgrade or downgrade, which is generally a premium to what owners of that type of aircraft are paying.

In other words, you can switch, however, there is an extra cost. Your salesperson will do his best to convince you that everyone signs the same simple contract.

The contracts are short and are made to look like standard boilerplate. These documents govern your rights and obligations with respect to what most likely will be a multi-million dollar investment, and they are negotiable. Most importantly, make sure you understand how and when your deposit becomes nonrefundable.

This is the document through which you purchase your share from the provider. Just as important, the Purchase Agreement provides the terms under which the provider will repurchase your share at the end of your contract term.

This document governs the relationship among all fractional owners in the program. Essentially, each owner agrees to share his plane with every other owner, thus enabling the provider to utilize the entire fleet to service all the owners. This arrangement is a common feature of all fractional programs; so much so that you may rarely, if ever, actually fly on the aircraft in which you own a share. This document governs the core issues of your investment.

Nominally, it reflects your appointment of the provider as the manager of your aircraft and as the administrator of the program. There is also your right to interchange, i. It specifies peak travel days when greater restrictions on your use of the aircraft apply, and it maps out the service area within which you can fly.

As providers exit aircraft types they typically offer them as jet cards. However, you might also be able to get the types on a short-term lease. You may also want your flights as possible to operate under Part instead of 91k as an additional shield against litigation in case of an accident or injury. Also, keep in mind, the larger the share you buy, the more clout you will have, and if you are buying multiple shares, that will give you added leverage.

You could have flown that jet about hours a year typical utilization for the next 15 years and then sold it in for about what you bought it for. He and others say fractional ownership and leases work best when you are sure that you will have similar flying patterns and aircraft type needs for the term of your contract.

If you are unsure that the proposal reflects your year-in, year-out needs, make sure to understand what provisions there are to rollover hours, penalties, and if fractional ownership or leases are indeed the right solutions.

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FR Chevron Right Icon. ES Chevron Right Icon. RU Chevron Right Icon. IT Chevron Right Icon. Your allocation of hours is dependent upon how much of the jet you own. Private jet fractional ownership provides access to multiple cabin sizes , while our team of private aviation experts handles every aspect of your travel experience using a personalized approach. Request Information. The Flexjet fractional ownership program presents many extras, including Red Label by Flexjet.

If you fly on a non-Flexjet aircraft for more than five percent of your utilized hours, those hours will be credited back to your annual allocated hours for the following year. Depending on your ownership level, you may use up to five aircraft in one day. Multiple-use benefits are based on the total number of share hours you own rather than share size within a single aircraft. As the exclusive fractional home of the Gulfstream G, Flexjet presents you with a pair of unique ways to own this incredibly capable aircraft.

Granting you the ability to "right-size" your jet to fit each trip, Unlimited Access offers leading fleet interchange incentives on any aircraft in our fleet. If frequent international flights dominate your travel itinerary, World Access replaces the traditional hours-based contract structure with a pioneering days-based program that enables you to fly on the Gulfstream G unlimited hours a day, 40 days per year.

Flexjet gives fractional Owners the option to fly on larger or smaller aircraft types when the need arises. No matter your share size, you will enjoy a guaranteed number of aircraft upgrades and downgrades each year.

If you're flying less than expected, reduce your costs by selling hours to other Flexjet owners. If you're flying more than you expected, you may also purchase hours from other Flexjet owners in the same or different cabin types.

Typically, for any flights lasting under one hour, you will incur a standard minimum charge of one flight hour. With Flexjet, you receive two short-leg waivers annually for every hour share you own. This means you can fly short routes under one hour and only be charged for the actual flight time involved with your trip.

Fractional lets you secure the best aspects of whole aircraft ownership for a portion of the cost and with none of the responsibility.