They say that money can't buy everything, which may be true. However, it can certainly buy you a lot of timesaving, just ask anyone who has participated in fractional jet ownership, which can most easily be described as a "flying timeshare."
An individual person or company buys or leases a fractional share in an aircraft, this is similar to buying a timeshare. You buy a set number of days or hours each year that you can use that aircraft. Most fractional jet ownership programs allow you to use a similar jet
There are a lot of advantages to taking part in a fractional jet ownership program for anyone that flies frequently and is looking to save some time and money in the long run. Using a business airplane is estimated to save an average of four hours travel time and eight hours productivity time per trip. You can also save on hotel bills by having the flexibility to return when you want to, and not being limited to commercial flight timetables. This has the added advantage of getting you back to spend time with friends and family.
Smaller business jets can also land at approximately ten times the number of airports in the United States compared to large commercial aircraft, so you can get much closer to your destination and also save on the costs of ground transportation or flight transfers.
Large corporations are the biggest owners of fractional jets, with entrepreneurs, wealthy families, entertainers and sports stars next on the list. Those who have a demanding schedule that calls for them to be in a large variety of places cannot depend on commercial airlines, hence the demand for the flexibility of fractional jet ownership
The price varies enormously depending on the size of plane that you want to use and the size of the fraction you want to buy. As a general rule the larger the plane, the more people it can accommodate and the further you can travel (without refueling) but the more it will cost you. For example a light jet will have an initial acquisition cost of about $400,000 for a 1/16 share (50 hours of flying), but a heavy jet would have an initial acquisition fee of over $3,000,000 for a 1/8 share (100 hours).
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