UK Operator Launches Fractional Program

Business Jet Traveler » October 2007
Monday, October 1, 2007 - 5:00am

Charter operator LyddAir has introduced Airshare, a fractional-ownership program offering pre-owned twin-engine piston and turboprop aircraft. At present, the fleet includes a pair of Piper PA31 Chieftains and a Beech Baron B58. The company, headquartered at Lydd Airport in southeastern England, is preparing to add a Hawker Beechcraft King Air 200. Unlike most fractional programs, Airshare allows owners to fly a specified number of days each year rather than a specific number of flight hours. A one-eighth share in the Chieftains, which sells for $50,000 to $60,000, entitles the owner to fly on 40 days for each year of a five-year agreement.

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“When you get into the larger aircraft it becomes like a hotel, with dozens of staff supporting the plane based in a galley area down below. You have very comprehensive cooking facilities, and on larger aircraft we have looked at theatres, with spiral staircases and a Steinway grand piano. The limitations for what you can put inside a plane are pretty much the limits of physics, and even money cannot always overcome that. Even so, people are still always trying to push [the limits]. ”

-Howard Guy of Design Q, a UK-based consultancy