Bobs Musings

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.

Similar to having a lease for an apartment, you will have a lease with the business arranging the fractional ownership. This is to keep all shareholders together so the price doesn’t fluctuate if someone drops out. The lease is generally moderately long, several years or more in length. It’s possible to sell your stake in the deal, but you will be subject to fees.

A business will either offer you a contract that offers you access to a variety of jets, or a single jet to be shared amongst others. If you are given access to the entire inventory of the jet charter, you will have better options in flying to discrete locations, picking a fuel efficient jet, or picking a jet with a wider range of travel. A single jet contract is more constricting.

In some cases you might not be saving money by picking a fractional ownership model. It would be cheaper than buying the jet, but compared to other options it may not be the most spendthrift. Ask a jet chartering service if they have other forms of ownership, such as one-time usage rates or discount rates for repeat business. If so, compare all plans to see which is best.

Private jet charters are a great alternative to the common commercial airliner. For some celebrities, it isn’t even a question as to whether or not to obtain a private jet, but a question of how and under what circumstances. Commercial airliners can be dangerous, have poor conditions, and getting through security can be tough. A private jet is the best option for those who can afford the price.

Closing Comments

Private jets are the symbol of luxury. Knowing you have a private jet at your command is an amazing feeling, as you know you can go virtually anywhere at almost any time of the day or night. Start calling around to see who has a good deal for the budget you had in mind.

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