The freedom of the fractional jet lifestyle
Sep - 12 | 
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For anyone who loves to travel, fractional jet ownership is an option worth considering. It offers mobility, convenience, flexibility and privacy without the high price of full jet ownership. Although the fractional property ownership concept is growing in popularity, it’s still an idea that many consumers don’t fully understand.
What are the benefits of fractional jet ownership?
Fractional jet ownership offers travellers all the advantages of full jet ownership without the expense and commitment of buying and maintaining a private plane. Rather than purchase an entire business jet, the customer buys a fraction of a plane in the form of a certain number of shares per year at a fraction of the price of the jet.
The number of shares (hours) purchased can be tailored to accommodate a customer’s travel schedule. The price of the shares is determined by the current market value of the aircraft.
A fractional ownership in a private plane eliminates the bother of long airport check-in queues, lost baggage problems or disturbances from other passengers. The higher the ownership percentage, the more benefits become available to the owner. With 1/4 ownership or more, the booking time is shorter and the owner has increased access to upgraded planes.
How does fractional jet ownership work?
Although many people believe fractional ownership is similar to a property timeshare, it differs from timeshares in several major respects. With a timeshare, the customer buys the right to use a given property on certain days of the year, but the property itself is not owned.
When a customer buys a partial jet ownership from a fractional jet company, he or she is purchasing a tangible asset, a certain percentage of a real property. The percentage of ownership determines the number of hours per year the owner gets access to the plane. A buyer can purchase into a single jet or a fleet of jets. As with all property, the fraction owned can be transferred, bequeathed or sold.
Jet ownership is shared with other investors for a certain number of hours per year. The total number of shares purchased determines the hours per year that a jet is available to the investor. A 1/8 ownership typically equals about 100 hours of use annually, whereas a 1/16 ownership might yield 50 hours per year. There is generally no charge for air time when the owner is not on board.
A basic fractional jet ownership share typically ranges in size from 1/16 ownership to 1/2 ownership or more.
The ownership may involve a specific jet or a fleet of jets. Fractional owners are sometimes limited to the use of a particular type of jet, but the better programmes offer the opportunity to interchange between different aircraft types.
Besides the purchase price of the share, owners are charged monthly or annual fees for fixed costs, while variable costs depend on the amount of flying done. The cost of a fractional jet is determined by the type of plane involved in the sale, the size of share purchased by the buyer and the type of contract entered into at the point of sale.
Company profile:
NetJets Europe offers the best fractional private aircraft for all your business needs. Customers can visit their website at www.netjetseurope.com for further information on private jets and fractional jet ownership.