GoVisits Web Directory » News Articles » Aviation & Flying Information » Private Jets: 4 Leaders in Fractional Flying
 

Private Jets: 4 Leaders in Fractional Flying

Fractional flying, you say. Is that division? Well, sort of. Fractional flying is where you, the customer, can own a "share" in a private jet. In most cases these shares allow you to own as much as 1/4 to as little as 1/32 of a 40 million dollar private jet. Where full ownership may be out of reach for you fractional ownership may be the best option to getting you in the air. Let's take a look at four companies offering fractional flying in the US.

1. Netjets. Richard Santulli is the brainchild behind modern fractional jet flying as he founded Netjets on this principle in 1986. The concept has grown from selling shares in a few jets to selling shares in sixteen different models. Indeed, aircraft much "cheaper" than a 40 million dollar jet can also be shared starting with the Hawker 400 XP and working up to a BBJ [Boeing Business Jet]. Santulli sold out to Warren Buffett of Berkshire Hathaway in 1998, but he remains a key player with the company.

2. Flexjet. Not to be left out in the cold, Canadian aircraft maker, Bombardier, jumped into the fray with AMR Combs [parent company of American Airlines] and started Business JetSolutions. In 1997, Bombardier bought out AMR Comb's share and renamed the company Flexjet. Today, Flexjet customers can purchase shares in various Learjets [now owned by Bombardier] and Canadair [another Bombardier make] aircraft.

3. Flight Options. Raytheon Aircraft Company is the principle owner of Flight Options which was founded in 1998. Raytheon aircraft, which include various Hawker models, are some of the aircraft utilized in Flight Options's fleet. Other aircraft flown by Flight Options are the Embraer Legacy and the Citation X.

4. CitationShares. Launched in 2000 as a joint partnership between TAG Aviation, an aircraft management and operations company, and the Cessna Aircraft Company. CitationShares features three Citation models produced by aircraft manufacturer Cessna: the CJ1, the Bravo, and the Excel.

Other things to consider when purchasing your fractional share include the following:

1. Acquisition Cost. When you purchase your share, how long do you actually own that share? Is it renewable and for how much? Is there any additional outlay in capital for you during the time that you own a share?

2. Management Fees. Monthly charges will be billed separately and include: pilot salaries and training, storage [hangaring] of the aircraft, insurance, and support.

3. Hourly Fees. During the time you are actually flying -- and also for a predetermined amount of time before takeoff and after touching down -- you will be assessed hourly charges to cover catering, maintenance, fuel, and landing fees.

4. Taxes. Fuel surcharges, international taxes, and federal surcharge taxes will also be assessed.

Fractional flying presents to you, the customer, options that were previously available only to those who owned a private jet. If convenience, luxury, safety/security, and price are important to you than a share in a jet is an option worth exploring. The four featured operators are leaders in the industry and can provide for you more detailed information.

 

Aviation & Flying articles

  1. A Look at Fractional Jet Ownership

    We've all experienced it - the commercial flight. After a mad dash to make it to the airport on time, including the hours allotted for getting through security, where you'll have to take off your shoes, empty your pockets, and prove that your laptop ... more to this article

    Article category: Aviation & Flying Information

  2. Whos Paying for the Private Jet?

    One of the major perks of being a celebrity is the free stuff. Just ask the famous attendees of this week's VMA music works. Flying around with the entourage can get expensive, and don't except these kiddies to be sitting in coach. Private jets all t... more to this article

    Article category: Aviation & Flying Information

  3. Young Men Trying to Imitate the 9-11 Scenario, Part III

    What caused a teenager to crash an aircraft into the Bank of America Building in Tampa? It makes no sense. Read more in Part III to try to understand the causes involved in this scenario.This young many was not like everyone else, he knew it, ... more to this article

    Article category: Aviation & Flying Information

  4. How Cheap Can You Get? Try Online for Cheap Air Tickets

    Most consumers feel the airline travel is very costly. We can end up spending a fortune when we add up the various costs, such as flights, accommodation, taxes and insurance, hotel services and car hire. There are so many ways to cut back these expen... more to this article

    Article category: Aviation & Flying Information

  5. Secrets to Finding Really Cheap Airline Tickets Online

    Knowing where to find really cheap airline tickets is the first step to shopping for the best airfares online but once you've overcome this little hurdle on your race to getting really cheap airline tickets you'll need to know how to book the cheapes... more to this article

    Article category: Aviation & Flying Information

Private Jets 4 Leaders in Fractional Flying information

Article categories

Business Aviation Networking Notes

The process of finding out about a job, getting interviewed,...

Aviation & Flying Information

The Wright Brothers

Orville and Wilbur Wright were mere bicycle mechanics, yet t...

Aviation & Flying Information

Starting an Aircraft Washing Business

So you love airplanes and you want to start an aircraft wash...

Aviation & Flying Information

Young Men Trying to Imitate the 9-11 Scenario, Part II

What happened to General Aviation after 9-11? Why did we tak...

Aviation & Flying Information

Moving Troops and Evacuation Strategies

There are many ways to evacuate people from disasters like H...

Aviation & Flying Information

Several Facts to Obtaining Cheap Airfares

AirfaresNeed a vacation but dont want to stay around ...

Aviation & Flying Information

FAA Intervention in Privatized Space Flight is Ridiculous

Burt Rutan and his team of designers, engineers and test pil...

Aviation & Flying Information

Jet Lag ? 5 In-flight Tips

The secret to combating jet lag, and arriving at your destin...

Aviation & Flying Information

Aluminum Cleaner for Aircraft Detailing by Alcoa

There are many choices for aircraft detailing when it comes ...

Aviation & Flying Information

Concorde Crash Conspiracy - It Could Have Been Prevented

In studying the Concorde crash the investigators determined ...

Aviation & Flying Information

First Class Airfare: How the Rich Travel

Have you ever wondered what all entails first class airfare,...

Aviation & Flying Information

Flying VS Driving

When fuel costs are so high, people favor flying to driving....

Aviation & Flying Information

Whos Paying for the Private Jet?

One of the major perks of being a celebrity is the free stuf...

Aviation & Flying Information

India Air Traffic Issues to Come

As India increases its economic growth the population is tak...

Aviation & Flying Information

Static Electricity to Flap UAV Material Memory Wings

How can we keep aircraft and UAVs aloft longer and conserve ...

Aviation & Flying Information