Fractional ownership became popular in the 1990s and now is a staple on the private air travel menu of options. With fractional, you purchase a partial interest in an aircraft that an aviation company operates. Along with other owners, you have the right to use any comparable aircraft in the company's fleet, on demand, for a predetermined number of hours each year.
Flying » Fractional Jet Ownership
December 1, 2007
Considering that the fractional-aircraft field was borne of a new business model and has been around for more than 20 years, it is perhaps surprising that the basic structure remains fundamentally unchanged: you purchase a share of an aircraft from the provider at a premium; you pay management fees, hourly rates and fuel surcharges; and at the end of your contract, you sell your share back to t
October 1, 2007
In the 1990s, a booming economy created fertile ground for fractional flying, a new form of private air travel that providers touted as having predictable costs and being much less expensive than full ownership.
August 1, 2007
The fractional aircraft business is fascinating, in part because it is founded upon several myths, partial-truths and artificial constructs that are both pleasing for owners and profitable for providers. In many ways, fractional flying is more akin to using an executive airline than to owning a whole aircraft.
June 1, 2007
Fractional owners opt out of their contracts early for many reasons. You may have sold an out-of-town business and so charter or a jet card may better serve your reduced needs. Maybe you're flying more than you expected and it makes sense for you to purchase a whole aircraft. Perhaps you want to share flights with business associates or friends, but they all belong to a different program.
April 1, 2007
While the major fractional providers are still selling plenty of business-jet shares, recent reports indicate that they're also repurchasing existing shares at a rapid rate. As a result, net growth (sales minus repurchases) is at the lowest level in years.
February 1, 2007
Timmy (not his real name) is a four-year-old cancer patient. He cannot fly commercially due to his condition. But he must travel several times a year for treatment between his California home and Duke University Hospital in Raleigh-Durham, N.C.
December 1, 2006
Is fractional ownership right for you? Or would a jet-card program, a block-charter card program, on-demand charter or maybe even whole-aircraft ownership better suit your needs?
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