Private Jet Fractional Cost Average Source Bing.com
For frequent fliers who want to avoid the hassle of commercial flying, private jet fractional ownership can be a great option. Fractional ownership allows you to own a portion of a private jet, giving you access to the aircraft whenever you need it. However, one of the biggest concerns for those considering fractional ownership is the cost. In this article, we’ll explore the average cost of private jet fractional ownership and what factors can affect the price.
What is Private Jet Fractional Ownership?
Private Jet Fractional Ownership Source Bing.com
Private jet fractional ownership is a business model that allows individuals or companies to own a portion of a private jet. Unlike full ownership, fractional ownership allows you to own a percentage of the aircraft, which can be as little as 1/16th. This means that you share the costs of owning the aircraft with other owners, while still being able to use the jet whenever you need it. Fractional ownership is often used by individuals and companies who fly frequently and want the convenience and flexibility of owning a private jet.
What Affects the Cost of Private Jet Fractional Ownership?
Factors Affecting Private Jet Fractional Ownership Cost Source Bing.com
The cost of private jet fractional ownership can vary depending on several factors, including the type of aircraft, the number of hours you plan to fly, and the management fees charged by the fractional ownership provider. Here are some of the most common factors that can affect the cost:
- Aircraft Type: The type of aircraft you choose will have a significant impact on the cost of fractional ownership. Larger, more luxurious aircraft will generally be more expensive to own a share of than smaller, more basic models.
- Flight Hours: The number of hours you plan to fly each year will also affect the cost. If you plan to fly frequently, you’ll need to purchase more shares of the aircraft to cover your usage.
- Management Fees: Fractional ownership providers often charge management fees to cover the cost of maintaining and managing the aircraft. These fees can vary depending on the provider, so it’s important to compare costs before choosing a provider.
What is the Average Cost of Private Jet Fractional Ownership?
Average Cost Of Private Jet Fractional Ownership Source Bing.com
The average cost of private jet fractional ownership can vary widely depending on the factors we mentioned above. However, according to Private Jet Card Comparisons, the average cost per hour for a 1/16th share of a midsize jet is around $5,000. This price includes management fees and other costs. For a larger jet, such as a Gulfstream G550, the cost can be as much as $15,000 per hour for a 1/16th share.
Is Private Jet Fractional Ownership Worth the Cost?
Is Private Jet Fractional Ownership Worth The Cost Source Bing.com
Whether or not private jet fractional ownership is worth the cost depends on your individual needs and budget. If you fly frequently and value the convenience and flexibility of owning a private jet, fractional ownership can be a great option. However, if you only fly occasionally, or if the cost is prohibitive, you may want to consider other options such as chartering a private jet on a per-flight basis.
Conclusion
Private jet fractional ownership can be a great way to own a portion of a private jet without the hassle and expense of full ownership. While the cost can vary depending on several factors, the average cost per hour for a 1/16th share of a midsize jet is around $5,000. Whether or not fractional ownership is worth the cost depends on your individual needs and budget. If you’re considering fractional ownership, be sure to compare costs and providers to find the best option for you.
