Over the past two decades, the concept of fractional jet ownership has taken the business travel sector by storm. Fractional ownership schemes offer private jet users a range of benefits that are both practical and cost-effective.
Similarly, fractional ownership schemes have opened the availability of private jet travel to many who previously would not have considered such a mode of transport, largely due to the prohibitive costs involved.
AeroTime takes an in-depth look at fractional private jet ownership, explains what is involved, and explores the benefits that the concept offers. We also examine current trends in the fractional ownership sector and examine how such schemes are likely to develop throughout 2024 and beyond.
What is fractional ownership?
Fractional ownership is a method of owning and operating an aircraft, usually a private jet. However, the key difference between fractional ownership and owning an aircraft outright is that the aircraft has more than one owner, often multiple, who all have access to use it as they require.
With fractional ownership, each owner is allocated a set number of flying hours for the aircraft annually. In return, the capital investment, general overhead costs, certain operating costs, and other expenses incurred in owning…
Source www.aerotime.aero
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