The Absent Minded

We learned at a very early age that isn’t nice to share- private jets are just a bigger toy to share! Fractional ownership allows each individual owner to have the benefit of having their own private jet, yet at a fraction of the upfront price and ongoing maintenance bills.

The easiest way to share ownership of a private jet is to go to a company that specializes in the opportunity. You will find the business model to be much like a timeshare for a real estate property. A business that does these type of deals will also offer easy options in relinquishing your share in the contract, should you need to do so. When using a business to do the work, you can also work a deal into the contract where you can have access to more than one private jet in the hangar.

Fractional ownership demands that you sign a contract for a set amount of time, which acts as your lease. It’s average to sign on for five years. After the period is up, you can sell your share of the plane to another or back to the company that arranged the fractional ownership. Fees may apply, but otherwise you should get fair market value.

The contract you sign may allow you to have access to a single jet, or even the entire inventory of jets that a jet charter has. If you are going to be limited to a single jet, this is less fortunate since there could be instances where you may need a different make or model. Overall, access to a single jet isn’t superior than the alternative, but you still have your own jet to fly.

Know that if you are looking for a fractional agreement to save money, you might be paying more for such a service than other methods. Jet charter services today have dropped in cost, and are in direct competition with the timeshare model discussed. You are still liable for fuel charges, hourly and monthly rates, and so on if you choose a fractional model.

Your private jet, when purchased whole or fractionally, will be a great asset to you. Jet charters that run such services keep them in tip top shape, hire only the best personnel, and sometimes offer free catering. With the joint ownership you may not be able to have the jet when you need it in every situation, but for most of the plans you make you should be just fine in using your own jet.

Final Thoughts

It doesn’t take long to get yourself and friends or family on a jet to your next vacation or business meeting. Start looking at the jet charters in your area and inquire about prices. In the end, you should be able to get a good deal even on an extremely modest budget.

Learn more about Jet Charter Airports in the District of Columbia and Jet Charter Membership.

This entry was posted on Tuesday, October 27th, 2009 at 6:54 am and is filed under Arts And Entertainment, Home And Family, Recreation And Sports. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.