3 Things You Need To Understand About Fractional Ownership

Posted on: 4 September 2019

If you have the money to invest in a plane, before you go all in and purchase your own jet, you need to consider fractional ownership vs charters. Fractional ownership allows you to enjoy the ownership of a jet, without having to deal with the operational side of owning a jet. There are benefits that come with owning a jet.

You Have Control Over the Flight Logistics

When you share ownership via a fractional ownership plan, you still have control over flight logistics. You can decide when you want to take the plane and where it is going. You will be able to control your flights, and you will not have to adhere to an airline's flight schedule. You will have the freedom of owning a jet. You will have to share the jet with the other owners of the jet, which may mean that you may have to on occasion share the jet with the other owners, or work around each other's schedules so that you all have the jet when you need it. The team that manages your jet, though, will manage most of the scheduling and will work to make sure that you have exclusive access to the jet whenever you want.

You Have Control Over the Flight Set-Up

When it comes to a fractional ownership, you have control over more than the flight logistics. You also have control over the flight set-up as well. You have control over how the flight is set-up. You have control over what types of drinks and meals are served on the flight. You have control over all the different elements of comfort when it comes to the flight. You can dictate all the elements of pleasure surrounding the flight.

You Don't Have to Worry About Taking Care of the Airplane

Finally, you don't have to worry about taking care of the airplane. You don't have to worry about when the airplane needs maintenance. You don't have to worry about all the more technical aspects of owning a plane that you have to worry about when you are the sole owner of one. When you are part of a fractional ownership group, you will pay fees and have someone else take care of all those elements for you. They will make sure that the plane is well-taken care of.

When it comes to having access to a private jet whenever you want it, fractional ownership allows you to enjoy the benefits of owning a private jet, such as custom flight schedules and control over the set-up of the flight, while not having to worry about the care and maintenance of the plane. You also get to enjoy this access at a fraction of the cost because you are not paying for the jet by yourself; you are part of an ownership group.