The true luxury of private aviation isn’t just about the comfortable seats; it’s about control over your time. It’s the peace of mind that comes from knowing a jet will be ready for you with just a few hours' notice, allowing you to make last-minute business trips or spontaneous getaways a reality. This is the core promise of fractional jet ownership. It moves beyond the uncertainty of the charter market to provide guaranteed access and a consistent, high-quality experience on every flight. This model is designed for those who value reliability and want a seamless, hands-off travel solution that works on their schedule, not the other way around.
Key Takeaways
- Assess if your flight hours fit the model: Fractional ownership is most cost-effective for those flying between 50 and 400 hours annually, offering a practical step up from on-demand charters without the responsibilities of full ownership.
- Budget for the three main costs: Your total investment includes the one-time capital purchase of your share, a predictable monthly management fee for all operational logistics, and a direct hourly rate for the time you actually fly.
- Review the contract for key details: You gain guaranteed access to an entire fleet, not just one specific jet. Pay close attention to the contract length, service area, peak travel day rules, and your exit strategy to ensure the program aligns with your needs.
What Is Fractional Jet Ownership?
Think of fractional jet ownership as a timeshare for a private aircraft, but far more flexible and luxurious. Instead of buying an entire jet yourself, you purchase a share of one. This approach allows several people to split the costs of purchasing and operating a private plane. According to an overview of the fractional ownership of aircraft, buying a share entitles you to a specific number of flight hours per year. It’s a popular middle ground for those who fly too often for on-demand charters but not quite enough to justify the expense and responsibility of whole aircraft ownership.
This model gives you the perks of being a private jet owner—like guaranteed availability and consistent service—without the full financial burden or the logistical headaches of managing maintenance, crew, and hangar space. You get the feeling of owning a jet because, in a way, you do. You have access to not just your specific aircraft but often an entire fleet of similar or different-sized jets, providing incredible flexibility for your travel needs. It’s an arrangement designed for convenience, predictability, and efficiency, giving you a streamlined private travel experience.
What Exactly Is a "Share"?
When you hear the term "share" in fractional ownership, it refers to the portion of the aircraft you own. This isn't a vague concept; it's a specific, contractual amount that directly translates to how much you can fly. Typically, a private jet is divided into fractions like 1/16th or 1/8th. Each fraction corresponds to a set number of annual flight hours. For example, a 1/16th share commonly grants you 50 hours of flight time per year. If your travel needs are greater, you could purchase a 1/8th share for 100 hours, and so on. The size of your share determines your initial acquisition cost and your monthly management fees, making it a scalable solution based on your personal or business travel patterns.
Who Offers Fractional Ownership?
The fractional ownership market is well-established, with several major companies leading the way. You’ve likely heard of industry pioneers like NetJets and Flexjet, who have built their reputations on offering comprehensive fractional programs. Other notable operators include AirSprint and PlaneSense, each with its own unique fleet and service model. These companies manage every aspect of the aircraft, from maintenance and crewing to flight scheduling and owner services. While Hangar 7 Aviation focuses on providing exceptional private jet charter and aircraft management services, understanding the key players in the fractional space is important as you weigh all your private travel options. Each provider has a different fleet, service area, and pricing structure, so it’s worth exploring what each one offers.
Fractional vs. Charter vs. Full Ownership
Choosing how you fly privately comes down to three main options: chartering, fractional ownership, or full ownership. On-demand charters are perfect for infrequent travel, offering flexibility without long-term commitment. Fractional ownership is the ideal step up, providing guaranteed access and the consistency of flying with a single operator. As noted by industry leader Flexjet, this model eliminates the uncertainty of charter availability, especially during peak times. It’s more predictable and personalized than chartering. On the other end of the spectrum is whole aircraft ownership, which offers ultimate freedom but comes with the highest cost and management responsibilities. Fractional ownership neatly bridges the gap, delivering the key benefits of ownership for a fraction of the price and without the operational complexities.
How Does Fractional Jet Ownership Work?
Fractional ownership might sound complex, but the system is designed for simplicity and convenience. Think of it less like co-owning a house and more like a premium subscription for private travel. When you join a fractional program, you purchase a share of a specific aircraft type, which translates directly into a set number of flight hours you can use each year. The management company, like Hangar 7, handles all the demanding logistics—from aircraft maintenance and crewing to scheduling, insurance, and FAA compliance. This comprehensive service is the core of the fractional model.
Your role is simple: decide where and when you want to fly. The rest is taken care of. This model blends the financial benefits of sharing costs with the practical advantages of having a private jet on call. It’s an ideal solution for those who fly too often for on-demand charters but don't need the full commitment and responsibility of whole aircraft ownership. You get guaranteed access, consistent service, and predictable costs, all without the operational headaches. It's the perfect middle ground, offering the perks of ownership with the ease of a managed service. Let's break down exactly how the process works, from the initial purchase to your first takeoff.
The Buying Process, Step by Step
The first step is purchasing a share in a specific aircraft type. This isn't like buying stock; you're buying a tangible asset. Shares are typically sold in fractions, like 1/16th or 1/8th, with each fraction corresponding to a certain number of annual flight hours. For example, a 1/16th share usually grants you 50 hours of flight time per year. You'll work with a provider to select the right aircraft and share size for your travel needs. The process involves a purchase agreement that outlines the terms of your ownership, including the initial acquisition cost and the length of the contract, which is often around five years.
Booking Flights and Using Your Hours
Once you're an owner, using your hours is straightforward. Your share guarantees you access to an aircraft with as little as 4 to 48 hours' notice. You simply contact the management company with your travel plans, and they handle the rest. Your flight time is deducted from your annual allotment. This model provides the spontaneity and flexibility that private travel is known for, without the complexities of full ownership. It’s a reliable system that ensures a jet is ready when you are, making it a significant step up from on-demand charter services where availability can fluctuate based on market demand.
Accessing the Fleet for Different Trips
A common misconception is that you can only fly on the specific aircraft you partially own. In reality, you gain access to the program’s entire fleet of that aircraft model. This is a huge advantage. If your designated jet is undergoing maintenance or is already booked by another owner, the company seamlessly provides an identical or comparable aircraft for your trip. This interchangeability ensures you always have a plane available and maintains a consistent, high-quality experience. It also means you aren't grounded if your specific plane has a mechanical issue—the program’s operational depth keeps you flying.
Flying During Peak Seasons
Worried about getting a flight during the holidays or for a major event? Fractional ownership programs are built to handle high demand. Management companies strategically purchase more aircraft than there are shares sold—sometimes by as much as 25%—to create a buffer. This surplus capacity ensures that even during peak travel periods, a jet is available for you. While you may need to book a bit further in advance for major holidays, the system is designed to prevent the availability issues that can plague other forms of travel. This reliability is one of the core promises of a quality fractional program.
Where Can You Fly?
One of the greatest benefits of private aviation is the freedom to fly where you want, when you want. Fractional ownership gives you access to thousands of airports that commercial airlines can't serve. In the U.S. alone, you can land at over 5,000 airports, allowing you to get much closer to your final destination, whether it's a remote business site, a secluded vacation spot, or a small town. This dramatically cuts down on ground travel time and lets you operate on your own schedule. You’re no longer tied to major hubs, opening up a world of travel possibilities.
Breaking Down the Costs
Understanding the financial commitment of fractional jet ownership is key to deciding if it’s the right fit for you. The costs are more than just the initial purchase price; they’re structured to cover everything from hangar space to pilot salaries, giving you a truly hands-off experience. Let's walk through the main financial components you can expect.
Your Initial Investment
Your journey into fractional ownership begins with a one-time capital investment to purchase your share of the aircraft. This is your buy-in, securing your portion of the jet. The price depends entirely on the type of aircraft and the size of your share. For example, a 1/16 share, which typically grants you 50 hours of flight time per year, can cost over $300,000 for a light jet. This initial fee gives you equity in a multi-million dollar asset without the financial burden of whole aircraft ownership.
Ongoing Monthly Fees
After the initial purchase, you’ll have a predictable monthly management fee. Think of this as your all-inclusive fee for the behind-the-scenes work that keeps your jet ready to fly. These fees, which often start around $9,000, cover all the fixed costs associated with aircraft ownership. This includes pilot salaries and training, insurance, hangar space, and regular maintenance. These comprehensive aircraft management services ensure that every detail is handled professionally, so all you have to do is decide where you want to go.
What Are the Hourly Operating Costs?
In addition to the monthly management fee, you’ll pay an hourly operating rate for the time you're actually in the air. This direct cost covers variable expenses like fuel, in-flight catering, and landing fees. These rates can start at approximately $1,500 per hour, plus a small fee for taxiing time on the ground. The great part is that you only pay for what you use, making it a transparent way to manage your travel expenses flight by flight.
Potential Tax Advantages
One of the financial upsides to fractional ownership is the potential for significant tax benefits. Because you own a share of a physical asset, you may be able to take advantage of depreciation deductions, which can help offset the costs of ownership. This is a complex area, and the benefits can vary based on your financial situation and how you use the aircraft. It’s always a good idea to consult with your tax advisor to understand how these advantages could apply to you.
How to Sell Your Share
When you reach the end of your contract term, you aren’t locked in forever. You have an exit strategy. Most programs give you the option to sell your share, either back to the management company or on the open market to another buyer. It’s important to remember that your share is an asset, and its resale value can fluctuate based on market conditions at the time of sale. A trusted partner in ownership can help you understand the market and guide you through this process when the time comes.
The Perks of Fractional Ownership
If you’re looking for the sweet spot between on-demand private charters and the significant commitment of full aircraft ownership, fractional ownership might be the perfect fit. This model is designed to give you the consistency, access, and pride of ownership without the full financial and logistical weight. Think of it as having a private jet at your beck and call, but you only pay for the portion you actually use.
The core idea is simple: you buy a share in a specific aircraft, which translates to a set number of flight hours per year. In return, you get guaranteed access to that jet—or a comparable one from the program’s fleet—with minimal notice. It’s an arrangement that delivers the freedom and luxury of private aviation while a professional management company handles all the complex details behind the scenes. From maintenance and staffing to insurance and hangar space, the operator takes care of everything, leaving you free to simply enjoy your flight.
Guaranteed Access to an Aircraft
One of the biggest advantages of fractional ownership is knowing a jet will be ready when you are. Unlike on-demand charters that depend on market availability, fractional programs deliver what many providers simply can't: guaranteed access and priority scheduling. This means you can plan last-minute business trips or spontaneous weekend getaways with confidence, knowing you won’t be scrambling to find an available aircraft. This level of reliability is a game-changer, especially during peak travel seasons when the charter market can be competitive. You’re not just a customer; you’re an owner with a contractual right to fly.
The Cost-Effective Alternative to Full Ownership
Let’s be direct: owning a private jet outright is a massive financial undertaking. Fractional ownership makes the experience much more accessible. Because you’re only buying a share, it's significantly less expensive than owning an entire jet. You pay for your fraction of the acquisition cost and then share the ongoing operational expenses—like pilot salaries, insurance, and hangar space—with the other owners. This structure allows you to enjoy all the benefits of private jet travel while sidestepping the multimillion-dollar price tag and unpredictable costs associated with full ownership. It’s a practical way to align your investment with your actual flight needs.
Fly on Your Schedule
Flexibility is the cornerstone of private aviation, and fractional ownership delivers it in spades. The ability to fly on your schedule—not an airline’s—is a key reason people choose this model. In many programs, you can schedule a flight with just a few hours' notice, giving you an incredible amount of control over your time. This on-demand availability is perfect for executives with demanding schedules or anyone who values spontaneity. Instead of arranging your life around flight availability, you can have a jet waiting for you, ready to go wherever you need to be. It transforms travel from a logistical challenge into a seamless part of your day.
The Right Jet for Every Trip
While you purchase a share in a specific type of aircraft, most fractional programs offer access to their entire fleet. This means you can choose the right jet for each mission. Need a nimble light jet for a quick business trip to a regional airport? You’ve got it. Planning a cross-country family vacation that requires a more spacious, long-range aircraft? You can often swap your hours to accommodate that, too. This versatility ensures you’re never stuck with a plane that’s too big or too small for your needs. You can explore the program’s diverse fleet to find the perfect match for any itinerary.
Enjoy a Hands-Off Experience
Perhaps the most underrated perk of fractional ownership is the peace of mind that comes with it. The program operator takes care of all the complexities of aircraft management, from routine maintenance and repairs to ensuring strict regulatory compliance. You don’t have to worry about hiring and managing a crew, negotiating insurance, or handling any of the endless operational details that come with owning an aircraft. Your only job is to decide where and when you want to fly. It’s a truly turnkey solution that provides all the luxury and convenience of private jet ownership with none of the headaches.
Fractional Ownership: Myths vs. Reality
Fractional ownership can be a fantastic way to experience the benefits of a private jet without the full cost of whole aircraft ownership. It strikes a compelling balance between the flexibility of chartering and the pride of possession, making it an attractive option for many frequent flyers. However, because it's a hybrid model, a few common misconceptions often circulate that can cause confusion for those new to the concept. It’s easy to hear "ownership" and picture one scenario, when the reality is a bit more nuanced—and in many ways, more practical.
These myths often stem from blending the ideas of full ownership with the shared-access model. The goal of a fractional program is to deliver the consistency and feel of owning your own jet while spreading the costs and logistical responsibilities across multiple owners. Let's clear the air on what this really looks like day-to-day. Getting a handle on these details will help you accurately compare your options, whether you're considering a fractional program, full aircraft ownership, or the on-demand freedom of private charters. Knowing the facts behind the myths ensures you make a choice that aligns perfectly with your lifestyle, budget, and how you plan to fly.
Myth: You Own a Specific Plane
Many people assume that buying a fractional share means you own a piece of one specific jet with a particular tail number. In reality, you own a share in a fleet of identical aircraft. This is actually a major advantage. If the jet closest to you is undergoing maintenance or is on another trip, the provider simply sends another identical aircraft from the fleet. This model is what allows fractional programs to provide consistent and flexible service, ensuring a plane is ready for you wherever you are in the service area. You get the same high-quality interior, performance, and experience on every flight, without being tied to a single asset.
Myth: The Upfront Cost Is All You Pay
The initial purchase price for your share is the most significant cost, but it's not the only one. Think of it like owning a vacation home in an exclusive community; there are ongoing costs to keep everything running perfectly. In addition to your initial investment, you’ll pay a monthly management fee. This covers fixed costs like pilot salaries, hangar storage, insurance, and regular maintenance. On top of that, you'll pay a direct hourly operating fee for the time you're actually in the air, which covers fuel, in-flight catering, and landing fees. These fees ensure the entire operation runs smoothly and safely behind the scenes.
Myth: A Jet Is Always Available Instantly
While fractional ownership provides guaranteed access, it isn't quite the same as having a jet waiting on the tarmac 24/7. Most programs guarantee you an aircraft with a certain amount of notice, typically ranging from 4 to 48 hours. This is a key feature that distinguishes it from on-demand charter services, where availability is subject to the market. With a fractional share, you have a contractual right to a jet, which provides incredible peace of mind. However, it still requires a bit of advance planning to schedule your flights, especially compared to the responsibilities of managing your own aircraft.
Myth: You Can Leave at Any Time
Joining a fractional ownership program is a significant commitment, not a month-to-month subscription. Most contracts last for about five years. This long-term structure helps the provider manage the fleet effectively and maintain service quality for all owners. At the end of your contract term, you typically have a few options. Most programs will offer to buy back your share at its fair market value, or you can choose to sell it to another buyer. It’s important to fully understand this exit strategy and the terms of the agreement before you sign, ensuring it fits your long-term financial plans.
Myth: Holiday Travel Is Easy to Book
Flying during peak periods like major holidays or major sporting events requires extra planning. Because all shareowners want to travel during these popular times, demand on the fleet is incredibly high. While your access is guaranteed, you may need to book much further in advance or be more flexible with your departure times. Some programs also have specific "peak day" rules or higher hourly rates for these high-demand dates. For more spontaneous trips during busy seasons, keeping an eye on empty leg flights can be a great alternative, often offering significant value if your schedule is flexible.
Is Fractional Jet Ownership Right for You?
Deciding on the right private aviation solution comes down to your specific travel habits, budget, and lifestyle. Fractional ownership is an excellent option, but it’s not a one-size-fits-all solution. To figure out if it aligns with your needs, it’s helpful to ask a few key questions about how you fly, how often, and where you’re going. Think of it as a personal audit of your travel life. By looking closely at your patterns, you can determine whether buying a share in a private jet is the most logical and efficient step for you, your family, or your business. This isn't just about luxury; it's about investing in a tool that should seamlessly integrate with your life and save you your most valuable asset: time. The following points will walk you through the most important considerations to help you make a confident and informed decision.
How Will You Use Your Jet?
First, think about the purpose of your travel. Are you flying for business that requires last-minute schedule changes, or are your trips mostly planned family vacations? Fractional ownership shines when you need guaranteed availability and consistent service. Unlike on-demand charter flights, which can be subject to availability and fluctuating demand, owning a share means you have a contractual right to an aircraft. This reliability is crucial if your travel is time-sensitive and you can’t afford delays or the possibility of not finding a plane. If predictability and having a familiar, high-quality experience every time you fly are top priorities, fractional ownership is likely a great fit for your needs.
How Many Hours Do You Fly Per Year?
The next step is to look at your annual flight time. Fractional jet ownership is typically most cost-effective for individuals or businesses that fly between 50 and 400 hours per year. If you fly less than 50 hours annually, the convenience of chartering on a trip-by-trip basis might make more financial sense. On the other hand, if your flight hours consistently exceed 400 per year, the costs might start to approach those of full ownership. The 50-hour mark is the general entry point where the investment in a share begins to pay off in terms of both cost-per-hour and the immense value of guaranteed access to your aircraft.
Where Are You Flying?
Consider your typical destinations. One of the biggest advantages of private aviation is the ability to access thousands of smaller, more convenient airports that commercial airlines can’t serve. With fractional ownership, you can fly into over 5,000 airports across the United States alone, getting you much closer to your final destination. This is a game-changer whether you’re heading to a remote business site, a quiet vacation spot, or visiting family in a smaller town. If your travel routes often involve destinations outside of major hubs, the flexibility and direct access offered by a fractional program can save you significant ground travel time and hassle.
How to Choose the Right Program
If you’ve determined that your flight hours and travel style fit the fractional model, the next step is selecting the right share size. Programs are designed to be flexible, with shares typically starting at 1/16th, which grants you 50 hours of flight time per year. From there, you can purchase larger shares, such as 1/8th (100 hours) or even 1/2 (400 hours), depending on your needs. To make the right choice, review your travel history from the past few years to get a realistic average of your flight hours. This data will help you invest in a share that accurately reflects your usage, ensuring you’re not paying for more time than you need.
Consider Your Other Private Jet Options
Finally, it’s important to weigh fractional ownership against other private travel solutions. Compared to chartering, it provides the peace of mind that comes with guaranteed access and a consistent service standard. You’re not just booking a plane; you’re accessing your fleet. Compared to full aircraft ownership, it delivers the primary benefits—like flying on your own schedule in a familiar aircraft type—without the complexities. You avoid the responsibilities of hiring and managing a crew, scheduling maintenance, and covering unexpected operational costs. For many, fractional ownership hits the perfect balance, offering the perks of ownership with the simplicity of a managed program.
How to Make an Informed Decision
Choosing a fractional ownership program is a significant decision, and it’s important to approach it with a clear strategy. This isn't just about buying flight hours; it's about investing in a travel solution that should fit your lifestyle and business needs for years to come. Making a smart choice means looking beyond the glossy brochures and digging into the details that truly matter. The right program can offer unparalleled convenience and predictability, but the wrong one can lead to frustration and unexpected costs. It’s a commitment that deserves careful thought and thorough research.
To help you feel confident in your decision, let's walk through the five key areas you should evaluate. By carefully considering your travel habits, budget, contract terms, safety standards, and program flexibility, you can determine if fractional ownership is the right fit and select a provider that aligns with your expectations. This process will help you compare different programs and find the one that offers the right balance of convenience, cost, and reliability for you. Think of it as building a business case for your travel—one that ensures you get the value and service you expect from a premium aviation solution.
Analyze Your Travel Needs
First, take a realistic look at how you fly. Fractional ownership is generally best for individuals or businesses that fly more than 50 hours per year. If you fly less than that, on-demand charter might be a more practical option. Think about your typical trips: Are they short regional hops or long-haul international flights? How many people usually travel with you? Answering these questions will help you determine the right aircraft size and the number of annual hours you’ll need. Your travel patterns are the foundation of this decision, so getting clear on them is the perfect place to start.
Plan Your Long-Term Budget
Fractional ownership is a major financial commitment that goes beyond the initial purchase price. While it can be the most expensive private jet option, its predictable costs are a key benefit for frequent flyers. An initial buy-in for a 1/16th share of a light jet can be over $300,000, with monthly management fees starting around $9,000 on top of your hourly flight costs. It’s essential to plan for these ongoing expenses over the entire contract term. Create a long-term budget that accounts for the acquisition cost, monthly fees, and hourly rates to get a full picture of the investment.
Understand the Contract Details
This is where you do your homework. Fractional ownership agreements are complex legal documents that typically last five years. Before you sign, make sure you fully understand the terms, especially regarding the length of the commitment, which can range from 2.5 to 5+ years. What happens at the end of the term? Most programs allow you to sell your share back to the company or on the open market, but the conditions for doing so will be outlined in your contract. Pay close attention to the fine print on usage rules, peak travel days, and any potential restrictions.
Prioritize Safety and Certifications
When it comes to private aviation, safety is non-negotiable. A reputable fractional provider will be transparent about its safety standards and certifications. Ask about the company’s safety rating (such as ARGUS or Wyvern), pilot training and experience requirements, and aircraft maintenance protocols. Top-tier programs invest heavily in maintaining the highest safety standards, which should be a critical factor in your decision. Don’t hesitate to ask for detailed information—your peace of mind is worth it. A provider’s commitment to safety reflects their overall operational excellence.
Check the Program's Flexibility
One of the biggest advantages of fractional ownership is access to an entire fleet, not just one specific aircraft. Check what happens if your designated jet is unavailable for maintenance or another flight. A good program will guarantee you access to a comparable or better aircraft with minimal notice. Some providers also offer interchange rights, allowing you to swap your hours to use a larger or smaller jet depending on your needs for a particular trip. This flexibility ensures you always have the right aircraft for your mission, whether it’s a quick business meeting or a family vacation.
Key Contract Terms to Understand
Before you sign on the dotted line, it’s crucial to understand the fine print. A fractional ownership agreement is a significant commitment, and knowing the key terms will help you choose a program that truly fits your lifestyle and travel needs. These contracts are designed to be comprehensive, covering everything from how you book flights to what happens when you’re ready to sell your share. Taking the time to review these details ensures there are no surprises down the road and that your experience is as seamless as the flights themselves. Let’s walk through the five main areas you’ll want to pay close attention to in any fractional ownership contract.
Contract Length
Think of your fractional ownership agreement as a long-term relationship. Most contracts are set for a five-year term, which is a standard commitment in the industry. This duration gives you ample time to enjoy the benefits of private aviation without the lifetime responsibility that comes with full aircraft ownership. At the end of the term, you aren’t locked in forever. You’ll have a clear path forward, whether that means renewing your agreement, selling your share, or exploring other options. Understanding the length of the contract from the start helps you plan for the future and align the investment with your long-term personal or business goals.
Service Area and Restrictions
Your contract will define a primary service area, which is the geographical region where you can fly without incurring additional fees. For most programs, this covers the continental U.S. and parts of Canada, Mexico, and the Caribbean. Flying outside this designated zone is usually possible, but it may come with extra costs, like ferry fees to position the aircraft. It’s also important to know that you are guaranteed access to an aircraft from the company's fleet, typically with just a few hours' notice. This ensures you can always get where you need to go within the service area, providing reliability you can count on.
Booking Windows and Rules
One of the biggest advantages of fractional ownership is flexibility. Most programs allow you to book a flight with as little as 10 hours' notice, giving you the freedom to travel spontaneously. However, the contract will also outline rules for peak travel days, like major holidays. During these high-demand periods, you may need to book further in advance or be more flexible with your departure times. If your travel schedule is often unpredictable, you might also consider a private charter for ultimate on-demand access. Understanding these booking rules ensures you can make the most of your hours and plan your trips effectively, especially during the busiest times of the year.
Expected Level of Service
A key benefit of fractional ownership is the hands-off experience. Your agreement will detail the level of service you can expect, which should be all-inclusive. The operator is responsible for the complexities of aircraft management, including maintenance, crew staffing, insurance, and regulatory compliance. This means you get all the perks of owning a jet without any of the logistical headaches. Your monthly management fee covers these services, ensuring the entire fleet is maintained to the highest safety standards and ready to fly whenever you are. You simply make a call, and your jet is prepared for you.
Your Exit Strategy
It’s always wise to begin with the end in mind. Your contract should clearly outline your exit strategy for when the agreement term is over or if your needs change. Typically, you have two main options: sell your share back to the operating company at fair market value or sell it to another qualified buyer. The company will often assist with this process but may charge a remarketing fee for their services, which is usually a small percentage of the sale price. Having a well-defined exit plan provides security and financial clarity, making your investment feel both flexible and protected from the very beginning.
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Frequently Asked Questions
What's the main advantage of fractional ownership over just chartering a jet? The biggest difference is guaranteed access. When you charter a jet, you're booking from a market where availability can fluctuate, especially during peak seasons. With fractional ownership, you have a contractual right to an aircraft. This means a jet is always ready for you with just a few hours' notice, giving you a level of reliability and peace of mind that on-demand charters simply can't match.
What happens if I need a different size jet for a specific trip? This is one of the best features of a good fractional program. While you own a share in a particular aircraft model, you typically gain access to the provider's entire fleet. If you need a larger jet for a family vacation or a smaller one for a quick business meeting, you can often exchange your hours to use a different aircraft, with an adjustment to the hourly rate. This gives you the flexibility to always have the right plane for your mission.
Do my unused flight hours roll over to the next year? Generally, fractional programs operate on a "use-it-or-lose-it" basis within your contract year. This structure helps the management company maintain fleet availability for all owners. However, some providers may offer limited flexibility, such as the ability to roll over a small percentage of hours or borrow from the next year's allotment. This is a key detail you'll want to clarify when reviewing your contract.
How "hands-off" is the experience really? It’s about as hands-off as it gets. Your role is simply to decide where and when you want to fly. The fractional program's management company handles everything else, from hiring and training pilots to scheduling maintenance, paying for insurance, and securing hangar space. You get all the benefits of having a private jet at your disposal without any of the complex operational responsibilities.
Is it difficult to sell my share when the contract ends? Not at all. Fractional programs are designed with a clear exit strategy in mind. At the end of your contract term, which is typically five years, you have options. Most providers will offer to buy back your share at its fair market value. Alternatively, you can sell your share on the open market to another buyer, and the management company will often assist with this process for a small remarketing fee.
