Business private jet airplane parked at terminal. Luxury tourism and business travel transportation concept. Closeup. 3d rendering. [Credit: Adobe Stock]
Share this storyFractional jet ownership is perfect for those wanting the luxury and convenience of flying privately but who do not want the hassle and expense of owning a jet. Through fractional ownership, multiple people can split the cost and benefits of jet ownership. Because multiple people own the aircraft, in most cases fractional jet ownership involves a jet management company.
Fractional jet ownership is the professionally managed co-ownership of an aircraft. By purchasing a fractional ownership share of the aircraft, owners can share the use and costs of the aircraft. Each shareholder is allotted a specific number of occupied hours per year that they can use to fly the aircraft. The flying time usually ranges between 50 and 400 hours, and most fractional jet shares come in multiples of one-sixteenth.
Most aircraft that are used in fractional ownership are in the light or mid-sized jet families. The most common jets used within fractional ownership are:
Light single-engine and multiengine piston airplanes can also be used for fractional ownership. These types of fractional ownership are targeted toward private pilots, not business people.
Each fractional owner of an aircraft will have a specified percentage of ownership that correlates to the number of hours that they can use the jet each month or year. Here are some examples of how these work:
