If the “1,000,000+++ dollars” written in price tags of jet charters is a bit overwhelming for you, don’t think of it as an insult to your wealth. Mind you, that’s the normal reaction of almost all the people who, at one point of their lives, have considered buying their own private jet charter. This is the reason why “fractional ownership” became popular in the private aviation market.
If you’re new to this concept, here’s a brief introduction: fractional ownership is considered as a move in investing. Under this, you purchase a partial interest in an aircraft that is operated by an aviation company as part of its fleet. As a “partial” owner, you are given the right to use any comparable aircraft in the fleet, on demand, for a predetermined number of hours each year.
Generally speaking, fractional ownership is for those who fly between 50 and 200 hours per year. (It’s obviously for those who are bona fide international travelers and, don’t forget, are rich).
Aside from being able to choose your aircraft choice, what are the other benefits in fractional ownership? The fractional provider is the one who manages the aircraft and the rest of its fleet, providing pilots, maintenance, insurance, catering and other services. You merely need call a few hours ahead of time and the provider guarantees delivery of a plane where and when you want it.
Prices of fractional ownership packages vary per aviation company. To get safe price quotes, it’s better to visit aviation company websites or call their office directly.