We can’t all afford the lavish private jet with a mini bar and water bed in it. The good news is that you might be surprised if you may or not, thanks to the fractional ownership style of private jet purchases. It’s less money upfront, and a fully functional jet is still at one’s fingertips.
Buying in a fraction of a jet is a lot like buying a stock. You will essentially own a share of the jet, and have a say in who uses it, why, and when. If you can find a company that manages the relationship between you and other investors, all the better the relationships will be. You can expect to get the jet plane according to a set schedule, or according to a certain amount of hours as set by the company.
If it turns out you didn’t need a private jet after all, and you are looking to sell your share, that is a possibility with companies that manage fractional ownership schemes. A private jet charter that does this can liquidate a specific share in the jet and offer fair market value for it. Keep in mind that the fact that jets are subject to wear and deprecation, and that you will not get what you put into the venture.
Find a private jet ownership model that guarantees availability. These managed services will ship out a different private jet should another stakeholder be using the one in question. Guaranteed availability is necessary for business owners who need to get in the air at a moment’s notice in order to secure their next business deal.
Fees are still in need of being paid, just like they would if you owned the jet yourself. This would include staffing fees, fuel, and maintenance fees. The upside here is that you are splitting the costs with others. The downside is that you still have to outline a portion of your budget to the act of paying these fees. Consult the private jet charter about any and all fees before signing- you want to know what you are getting into.
The proof of a good service is in the pudding. Ask to see testimonials from real customers, and references if you feel to press the matter further. Call up on some references and see what kind of experience or advice the person would give if they had to do it all over again. You can learn some valuable tips, or even find something out that the private jet charter didn’t clue you in on at the meeting.
Closing Comments
Finding a private jet charter that does fractional ownership isn’t always easy, since it’s a niche of an already targeted industry. Private jet companies will be glad to do the consulting for you if they don’t already have services set in stone, so long as you ask nicely.
Learn more on air charter purchasing guide and Lineage aircraft.
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