Questions You Should Ask Before Buying a Fractional Jet Ownership Share

Are you considering buying a fractional jet ownership share, but aren't sure what to ask before making a decision? Purchasing a fractional jet ownership share can be a great way to enjoy the benefits of private jet travel without the high costs and responsibilities of owning an entire jet. However, it's important to do your research and ask the right questions before making a purchase. In this blog, we will discuss some of the key questions you should ask before buying a fractional jet ownership share.

How does the fractional jet ownership program work?

Typically, fractional jet ownership programs allow you to purchase a share of a private jet, which entitles you to a certain number of hours of flight time per year. The program will also handle the costs of maintaining and operating the jet, as well as scheduling and booking flights. It's important to understand the details of the program, including the size and type of jet you will be purchasing a share of, the number of hours of flight time you will be entitled to, and the costs and responsibilities associated with the program.

What are the costs and fees associated with the program?

In addition to the initial cost of purchasing a fractional jet ownership share, there are also ongoing costs and fees associated with the program. These may include monthly management fees, hourly usage fees, and costs for additional services such as catering and ground transportation. It's important to understand all of the costs and fees associated with the program and factor them into your decision-making process.

What is the program's cancellation policy?

It's important to understand the program's cancellation policy in case you need to end your participation in the program for any reason. Some programs may allow you to sell your fractional jet ownership share to another buyer, while others may require you to pay a cancellation fee. It's important to understand the program's cancellation policy before making a purchase.

What are the program's availability and scheduling policies?

When you purchase a fractional jet ownership share, you will be entitled to a certain number of hours of flight time per year. It's important to understand the program's availability and scheduling policies, including how to book flights and how far in advance you need to make reservations. You should also ask about the program's policies for peak travel times, such as holidays and special events, and how they handle last-minute or emergency travel requests.

What are the program's safety record and maintenance policies?

Private jet travel is generally considered to be safe, but it's still important to ask about the program's safety record and maintenance policies. You should ask about the program's safety record and the measures they take to ensure the safety of their jets, as well as their maintenance policies and how they handle any issues that may arise.

Discover the Possibilities with flyExclusive’s Fractional Aircraft Ownership

Buying a fractional jet ownership share can be a great way to enjoy the benefits of private jet travel without the high costs and responsibilities of owning an entire jet. However, it's important to do your research and ask the right questions before making a purchase. By asking the questions outlined in this blog, you can make an informed decision and choose the fractional jet ownership program that is right for you.

‍