Fractional Ownership, One Method of Private Jet Ownership

You are in the market for a private jet, but have yet to decide upon full ownership of your business jet, fractional ownership, or on-demand air charters. Your course of action ought to depend upon frequency of use, corporate budget, and available aircraft.

Full Ownership

Full ownership is exactly what it implies: you or your firm is sole owner of the aircraft. The advantage of full ownership is that of having the craft entirely at your disposal. The disadvantages are, obviously, entirely financial. You bear the financial burden of owning an aircraft from purchase to maintenance to insurance to fuel.

Fractional Ownership

Fractional ownership allows you to buy into a jet or fleet of jets. You will have to provide funds for maintenance and insurance just like full ownership, but you lack the ability to choose absolutely the jet you will use to get to your destination. Your ability to utilize the jet of your preference is dependent upon the schedules all of all others who are in the "pool", in this regard it is much like a timeshare.

Chartering a Jet

Jet charters are much the same as short-term leasing an automobile or buying into a service. You can "order" a private jet or helicopter from the charter fleet. You buy into the service but are not responsible for any maintenance or upkeep on the aircraft in the fleet.

A jet broker can walk you through the advantages and disadvantages of buying, chartering, or partial ownership of a private jet. Companies specialize in private jet brokers and can provide you with information regarding all of your options, as well as, provide pictures of jets, specifications, and maintenance costs to help you make the best decision for your lifestyle.

Private jets are huge investments and you would do well to walk through all of your possible options prior to making any decision. While full ownership of a private jet is certainly more glamorous than chartering a jet, it may not be right for you or your company. The costs of ownership are high and don't always justify a purchase of this type. A good jet broker will walk you through the numbers and make recommendations appropriate to your needs.

Before you make your final decision speak to a consultant today.