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- Glossary
- Fractional Ownership
Fractional Ownership
Additional Ownership Costs
Although an owner may own a portion of the aircraft, there are a few other factors added into the private jet timeshare cost. This can include things like:- Monthly maintenance fees
- Hourly operating fees
- Cleaning fees
- Remarketing fees (if the share is sold back after contract completion)
- Catering costs
Fractional Ownership Perks
There are a number of reasons why a person may consider becoming a fractional owner of an aircraft. Some of the perks can include:- Access to an entire fleet of planes and jets
- The ability to sell the share back once the contract is over
- Ability to book a flight with only a few hours’ notice
The fractional ownership of an aircraft occurs when several owners share the private jet timeshare cost. This includes purchasing, leasing, and operating the vessel. Essentially, the owners purchase a share of the aircraft instead of having to fully pay for it on their own. Oftentimes the owners will have a certain amount of guaranteed hours of use available to them per year for their paid share.
Additional Ownership Costs
Although an owner may own a portion of the aircraft, there are a few other factors added into the private jet timeshare cost. This can include things like:
- Monthly maintenance fees
- Hourly operating fees
- Cleaning fees
- Remarketing fees (if the share is sold back after contract completion)
- Catering costs
Fractional Ownership Perks
There are a number of reasons why a person may consider becoming a fractional owner of an aircraft. Some of the perks can include:
- Access to an entire fleet of planes and jets
- The ability to sell the share back once the contract is over
- Ability to book a flight with only a few hours’ notice
However, some argue that hiring a private jet charter can be more cost efficient than partial ownership of an aircraft. Which is a better option depends largely on the needs of the client.
