Fractional jet ownership has become a popular option for those looking to purchase a private jet. In fact, approximately 80% of providers now offer a fractional option for their client base. But understanding what jet fractional ownership is and whether or not it is right for you can be tricky. This is due to the vast differences between providers and potential packages available due to this hyper-growing trend in the aviation market.
Under a jet fractional ownership agreement, an individual or company purchases a share of a specific aircraft model or fleet. This entitles them to a set number of hours of flying time on that aircraft and or fleet per year. This agreement also includes maintenance, hangarage, and crew costs that often make regular ownership costly. The reduction in ownership costs makes fractional jet ownership an attractive option for those who want to fly privately but don't want the hassle or expense of owning an entire aircraft. It should be noted, however, that due to the indirect model of this type of ownership arrangement a provider may require advanced notice in order to guarantee the availability of the aircraft.
The answer to this question depends on your individual needs and situation. Understanding parameters for your travel needs especially if you find that they are outside of the provider's network is something that should be taken into consideration when choosing fractional jet ownership.
When deciding between aircraft ownership solutions, ask yourself the following questions:
If your answers don’t align with fractional ownership then choosing another solution such as a flight charter may be financially the better option for you. However, if your answers do coincide with those in need of a jet fractional ownership then ensure to choose the specific parameters that are most important to you such as cost and accessibility should be weighed out during the decision-making process.
There is no one-size-fits-all answer when it comes to deciding whether or not fractional jet ownership is right for you. Ultimately, it depends on your individual needs and circumstances. Fortunately, flyExclusive provides a variety of fractional ownership options that provide the convenience and predictability of having access to a private jet to suit your ever-changing needs. Our team of experts is here to match you with the perfect jet fractional ownership that ensures each time you fly you feel like a true owner. flyExclusive’s industry-leading aviation team offers unmatched safety-focused maintenance in-house to ensure no matter which aircraft you need it will be ready for your next adventure. To learn more about our ownership options visit our website.