Buying A Private Jet Through Fractional Ownership Agreements

We learned at a very early age that isn’t nice to share- private jets are just a bigger toy to share! Fractional ownership allows each individual owner to have the benefit of having their own private jet, yet at a fraction of the upfront price and ongoing maintenance bills.

The easiest way to share ownership of a private jet is to go to a company that specializes in the opportunity. You will find the business model to be much like a timeshare for a real estate property. A business that does these type of deals will also offer easy options in relinquishing your share in the contract, should you need to do so. When using a business to do the work, you can also work a deal into the contract where you can have access to more than one private jet in the hangar.

Similar to having a lease for an apartment, you will have a lease with the business arranging the fractional ownership. This is to keep all shareholders together so the price doesn’t fluctuate if someone drops out. The lease is generally moderately long, several years or more in length. It’s possible to sell your stake in the deal, but you will be subject to fees.

Depending on what company you do business with, you may have access to one jet or a variety of jets. If your fractional agreement was centered around a single jet, you will have a loss in flexibility. Sometimes you need a different type of jet to fly to a distant area or land in a specific runway. If possible, get access to a contract that allows multiple jets.

The fractional ownership model discussed can save a lot of money, but only compared to buying the jet instead. Other forms of ownership are possible, such as renting the jet, and may be a better choice for your situation. If you intend on only using the jet several times a year, you should instead look into renting a private jet for each individual occasion to save money.

Overall, paying more money for having a private jet is a great idea. You get to bypass long airport delays, have access to greater security, and you are able to enjoy five-star service while on the trip. The only obvious drawback would be the cost and flexibility of schedules. If these two aspects aren’t a huge factor, obtaining fractional ownership is a great method of getting a private jet.

In Conclusion

Private jets are the symbol of luxury. Knowing you have a private jet at your command is an amazing feeling, as you know you can go virtually anywhere at almost any time of the day or night. Start calling around to see who has a good deal for the budget you had in mind.

Learn more on California Jet Charter Airports and Jet Charter Airports in the District of Columbia.

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