Private jets are extremely expensive, even by the standards of the rich. You don’t have to own your own jet to use one, however. You can take part in what is called fractional ownership. In this ownership situation, you and a group of others will share the plane at a discounted cost.
Your best bet in finding a fractional ownership opportunity is to find a jet chartering service that specializes in creating such relationships among clients. These businesses will already be skilled in formulating the rules and guidelines, will have contracts to sign, and are generally a professional way to go about obtaining jet ownership. Every business is different, so it would be a good idea to investigate a few of these types of businesses before signing a contract with any of your choices.
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.
The contract you sign may allow you to have access to a single jet, or even the entire inventory of jets that a jet charter has. If you are going to be limited to a single jet, this is less fortunate since there could be instances where you may need a different make or model. Overall, access to a single jet isn’t superior than the alternative, but you still have your own jet to fly.
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.
Your private jet, when purchased whole or fractionally, will be a great asset to you. Jet charters that run such services keep them in tip top shape, hire only the best personnel, and sometimes offer free catering. With the joint ownership you may not be able to have the jet when you need it in every situation, but for most of the plans you make you should be just fine in using your own jet.
Final Thoughts
It doesn’t take long to get yourself and friends or family on a jet to your next vacation or business meeting. Start looking at the jet charters in your area and inquire about prices. In the end, you should be able to get a good deal even on an extremely modest budget.
Learn more about Discount Jet Charter Flights and One Way Jet Charter Flights.