Fractional Ownership
Category: aviation
A program where a client purchases a share of a specific aircraft, gaining access to flight hours based on that share size.
Fractional ownership is the "timeshare" of aviation. You own a slice of the plane, pay a monthly management fee, and a pro-rated hourly rate. The company handles all maintenance, pilot staffing, and insurance. It is a middle-ground between chartering and owning a full jet.
Common Examples
- Our company opted for fractional ownership to guarantee aircraft availability on short notice without the burden of full ownership.
- Fractional ownership contracts include strict provisions for guaranteed jet availability and secondary aircraft access during maintenance periods.