Private Jet Teams Background Source Bing.com
Private jet teams, also known as fractional ownership, is a concept wherein multiple individuals or companies can own a share of a private jet. This allows them to have access to a private jet without having to bear the entire cost of owning one. In this article, we will explore the background of private jet teams.
History of Private Jet Teams
History Of Private Jet Teams Source Bing.com
The concept of private jet teams can be traced back to the 1980s when NetJets was founded. NetJets is considered to be the pioneer of the fractional ownership model. The concept gained popularity in the 1990s, and today, many companies offer fractional ownership of private jets.
How Private Jet Teams Work
How Private Jet Teams Work Source Bing.com
Private jet teams work by allowing multiple individuals or companies to own a share of a private jet. The ownership is divided into fractions, where each fraction represents a certain number of flight hours per year. The owners have the flexibility to use their allocated flight hours as per their requirements.
The private jet teams take care of all the logistics, including maintenance, crew, and fuel. The owners pay a fixed fee for their share of ownership, which covers all the expenses related to the operation of the private jet.
Benefits of Private Jet Teams
Benefits Of Private Jet Teams Source Bing.com
Private jet teams offer several benefits to the owners, including:
- Flexibility: Owners can use their allocated flight hours as per their schedule and requirements.
- Cost-effective: Fractional ownership is a cost-effective way of owning a private jet as the owners share the expenses.
- No maintenance hassles: The private jet teams take care of all the maintenance and logistics, saving the owners from any hassles.
- Access to multiple jets: Many private jet teams offer access to a fleet of jets, giving owners the flexibility to choose the one that suits their requirements.
Popular Private Jet Teams
Popular Private Jet Teams Source Bing.com
There are several private jet teams operating globally. Some of the popular ones include:
- NetJets: NetJets is considered to be the pioneer of fractional ownership and offers access to a fleet of jets.
- Flexjet: Flexjet offers a range of ownership options, including fractional ownership and lease options.
- Magellan Jets: Magellan Jets offers a range of membership programs and charter options.
- Wheels Up: Wheels Up offers a membership program that provides access to a fleet of jets.
Conclusion
Private jet teams have revolutionized the private aviation industry by making private jet ownership accessible to a wider audience. The concept offers several benefits, including cost-effectiveness, flexibility, and hassle-free ownership. With several private jet teams operating globally, owners have a range of options to choose from.
