Fractional Ownership Private Jet Cost Source Bing.com
Private jet ownership has become increasingly popular in recent years. It offers the ultimate in luxury, convenience and style, allowing you to fly wherever you want, whenever you want. However, buying a private jet can be prohibitively expensive, with the cost of a new jet ranging from $2 million to tens of millions of dollars. Luckily, there is an alternative option: fractional ownership. With fractional ownership, you can purchase a share in a private jet and still enjoy the same benefits at a fraction of the cost.
What is Fractional Ownership?
Fractional ownership is a type of shared ownership of an aircraft. Instead of owning the entire aircraft, you own a portion of it, usually between 1/16th and 1/2. This means that you have access to the aircraft for a predetermined amount of time each year, usually between 40 and 400 hours. You are then charged a monthly management fee and an hourly charge when you use the aircraft.
Benefits of Fractional Ownership
Fractional ownership of a private jet offers numerous benefits. Firstly, it is much more affordable than buying an entire jet outright. You will typically pay between $500,000 and $2 million for a fractional ownership, depending on the size and type of jet you choose. Secondly, fractional ownership eliminates many of the headaches associated with jet ownership, such as maintenance and piloting. The company you purchase the fractional ownership from will take care of all of these things for you.
What is Included in the Cost?
The cost of fractional ownership will vary depending on the type and size of the aircraft, as well as the length of the contract. Generally, it will include the cost of the aircraft, a monthly management fee, an hourly fee for use of the aircraft, and any additional fees associated with maintenance and piloting. In addition, many companies offer additional services such as catering and concierge services, which will incur additional fees.
Should I Buy a Fractional Ownership?
Fractional ownership is a great option for those who want to enjoy the benefits of private jet ownership without the hefty price tag. However, it is important to consider all the factors carefully before making a decision. Consider the size and type of jet you need, how often you will use it, and how long you plan to own it. You should also make sure you understand all the costs associated with fractional ownership, so you can be sure it is the right choice for you.
Finding a Company
Once you have decided that fractional ownership is the right choice for you, it’s time to start looking for a company to purchase from. There are a number of companies that offer fractional ownership of private jets, so it’s important to do your research to find the right one. Look for companies that have a good reputation and experience in the industry, as well as competitive prices.
Conclusion
Fractional ownership of a private jet can be a great option for those who want to enjoy the benefits of private jet ownership without the hefty price tag. It is important to consider all the factors carefully before making a decision, and to make sure you understand all the costs associated with fractional ownership. Once you have decided that fractional ownership is the right choice for you, you can begin looking for a company to purchase from. With the right company, you can enjoy the convenience and luxury of private jet travel at a fraction of the cost.
Conclusion
Fractional ownership of a private jet can be a great option for those who want to enjoy the benefits of private jet ownership without the hefty price tag. It is important to consider all the factors carefully before making a decision, and to make sure you understand all the costs associated with fractional ownership. Once you have decided that fractional ownership is the right choice for you, you can begin looking for a company to purchase from. With the right company, you can enjoy the convenience and luxury of private jet travel at a fraction of the cost.
