Fractional Aircraft Ownership

Not many people would rate flying on commercial airlines as a pleasant experience. The airline industry is reeling right now, and budget cuts coupled with the high cost of jet fuel have resulted in higher ticket prices for fewer services and amenities. This might be an acceptable situation for people who fly once a year to go on vacation, but if you own a business that requires you and your employees to spend a great deal of time in the air, you're going to suffer unless you find an alternative. That's why you should consider fractional aircraft ownership.

Fractional aircraft ownership packages are becoming more and more common nowadays. These packages allow you to purchase flight time on a private jet that you will share with other owners. Since fractional aircraft ownership falls between the extremes of commercial flying and buying your own plane, it can obviously present you with numerous benefits. First, you'll have all the advantages of a private jet without any of the hassles. That's because maintenance, inspections, flight plans, pilots, certifications, and crewmembers are all taken care of.

Second, many fractional aircraft ownership programs give you access to an entire fleet of planes. That means you can take off and land at many different locations without having to worry about whether or not one plane in particular is available. If any of the program's planes are nearby, you'll be able to use it if no one else has booked it.

Third, most fractional aircraft ownership programs only charge you for the hours you fly. Unlike traditional chartering services, you won't get docked for waiting times or assessed empty-leg charges, so you can enjoy flexible scheduling that allows you to stay overnight if necessary.

The specific terms of each fractional aircraft ownership package vary significantly, so due diligence is required before signing up with a particular company. However, the basic operating principles of these companies are pretty similar. Since fractional aircraft ownership actually entails being an owner, you'll have to put up a large sum of money to purchase your share. The amount you pay depends on how many hours you expect to use the plane.

After that, you'll have to pay for each hour that you actually fly on the plane during the contract period. You can exit your fractional aircraft ownership package at any time by selling your share. Usually, the company you bought the package from will help you sell your share and most of the time you'll get a good portion of your purchase price back.

If the high cost of commercial airline travel is taking its toll on your company's bottom line, maybe it's time for you to participate in a fractional aircraft ownership program. Once you experience flying on your own terms and on your own schedule, you'll never want to go back to commercial airlines again!

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