Frequently Asked Questions
What is fractional jet ownership?
Fractional jet ownership is a program where several individuals or businesses co-own a private aircraft, each purchasing a percentage (or share) that entitles them to a set number of flight hours per year. It offers private jet convenience at a fraction of the cost of full ownership.
How does fractional jet ownership work?
When you purchase a fractional share, you gain access to a specific aircraft type and a guaranteed number of flight hours or days each year. A management company handles the maintenance, pilots, scheduling, and operations, so you only pay for your share of usage plus hourly and management fees.
What are the advantages of fractional jet ownership?
Key advantages include:
Lower upfront cost vs. full ownership
Guaranteed aircraft availability
Access to a fleet (in many programs)
Professional maintenance and pilots
Predictable budgeting with fixed hourly rates
Fractional ownership offers the luxury of private travel without the burden of full-time aircraft management
How much does fractional jet ownership cost?
Costs vary by aircraft type and share size, but typical entry-level programs start around $200,000–$300,000 for a 1/16 share of a light jet, plus monthly management fees ($6,000–$10,000) and hourly operating costs ($1,800–$2,500/hr). Larger jets or newer aircraft command higher rates
What is the difference between fractional ownership and jet cards?
Jet cards provide access to private flights without ownership, usually pre-purchased in blocks of hours. Fractional ownership, on the other hand, gives you equity in an aircraft and tax advantages, plus more consistent aircraft availability and long-term cost stability.
How long is a typical fractional jet ownership contract?
Most contracts last between 3 to 5 years. At the end of the term, owners can renew, upgrade, or sell back their shares to the management company, often at fair market value.
Can fractional jet owners use different aircraft types?
Yes, some programs offer interchange options that allow owners to use other aircraft models depending on the trip’s range and passenger needs. Smaller independent programs may focus on a single aircraft type for efficiency and cost control.
What happens if I don’t use all my allotted flight hours?
Unused hours can sometimes be rolled over to the next year, depending on the operator’s policy. Alternatively, some programs let you sell or trade unused time with other owners in the same fleet.