Flying » Fractional Jet Ownership

Protecting yourself against liability
February 1, 2009
When your aircraft is in the air, even if you’re not on it, you have exposure
As the economy has suffered historic setbacks, an old four-letter word has come to the fore in our business vernacular: risk. Just as you seek to better understand the risk of your portfolio investments, you should consider the risk that goes with your fractional jet ownership.
Give a life-saving gift: flight time
December 1, 2008
Don’t let fractional hours go unused; donate them to nonprofits that will use
For those facing life-threatening diseases, war-related injuries or other equally devastating hardships, the holidays can be an especially difficult time. Here's one way you can lend a hand: Donate unused fractional flight hours to a charity that will use them on behalf of the needy.
Beating the holiday rush
December 1, 2008
Planning a holiday ski trip? Your fractional provider may need more advance n
One of the joys of the holiday season is getting together with friends and family from around the country-particularly when you can avoid the hassles of commercial air travel and fly privately. This is the time of year when many of our fractional-share clients get the most out of their private jet ownership.
Looking back...and ahead
October 1, 2008
Over time, cost certainty for owners has been substantially eliminated from t
Legendary golfer Ben Hogan once said that the secret to the game is "in the dirt." By that he meant the nitty gritty of digging into the details. This column usually focuses on the "dirt"-the details of fractional investments.
When one jet isn't enough
August 1, 2008
One company lacked a mid-size jet that fit the bill. Another wouldn’t fly to
To determine the best fractional investment, the first thing you have to do is consider your travel profile--including where you fly, how long your trips are, how many passengers you carry, how much luggage you take, what aircraft you prefer and, of course, how much you are willing to spend. Analyzing this information, you can often come up with a single, best solution.
Another way to unload your fractional
June 1, 2008
Exploring the secondary fractional market before reselling your share could s
When the time comes to sell your timeshare in a luxury resort, you naturally consult the property's operator to see what kind of deal it can offer. Chances are, however, that you also keep your options open in case someone wants to buy your share directly, which would save you any fees the resort might charge for the transaction.
Four must-read documents
June 1, 2008
As I noted in my February/March column, the salesperson for your fractional provider will do his best to convince you that everyone signs the same simple contract and that the terms are "just boilerplate." In fact, as I explained, those terms require careful consideration because they govern your rights and obligations with respect to what likely will be a multimillion-dollar investment--and th
Ferry fees could be on the way out
April 1, 2008
Ferry fees have always been part of fractional flying. Now, however, some fractional providers have made changes to their programs that substantially reduce-if not eliminate-the fees for their owners. As a result, these owners enjoy expanded ferry-fee-free travel horizons, and the other fractional providers' may find they need to respond in kind.
Fractional Jet Market Update
February 1, 2008
There are significant differences among the major fractional programs, said o
The fractional share market "has passed its period of rapid growth," according to a report prepared by consulting firm Velocity Group for XOJet, a company that sells flight time in hourly increments. Fractional shareholder growth averaged 2.2 percent per year from 2003 to 2006, but the fractional share fleet actually shrunk a bit, according to Velocity.
Contract provisions you shouldn't ignore
February 1, 2008
One provision generally prohibits you from assigning your share, significantl
Black's Law Dictionary defines "boilerplate" in part as "standard language in a legal document." In fractional contracts, plenty of provisions appear to be just that, and the response from your salesperson when asked about such provisions is likely to be, "Oh, don't worry. That's just boilerplate."

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Quote/Unquote

“Let me be straight with you. What I'd rather have is an airplane. We just had a third kid. I don't like flying commercial. I like to take my family to Hawaii. When I go east, I'd like to have pilots I know. ”

-Steve Jobs