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.

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.

Fractional ownership demands that you sign a contract for a set amount of time, which acts as your lease. It’s average to sign on for five years. After the period is up, you can sell your share of the plane to another or back to the company that arranged the fractional ownership. Fees may apply, but otherwise you should get fair market value.

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.

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.

In Conclusion

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 California Jet Charter Airports and Jet Charter Membership.