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Travel Travel Tips Fractional Jet Ownership - An Overview
Travel Travel Tips Fractional Jet Ownership - An Overview
| Fractional Jet Ownership - An Overview |
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| Written by Jim Michaels |
| Sunday, 03 August 2008 10:03 |
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For many, owning a private aircraft is about status-with convenience being important too. Because aircraft ownership is a sizable investment and because many wisely look before they leap, fractional ownership is very popular. 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 If the aircraft you have bought the fractional share in isn't available at the time you request.You also pay an hourly fee for time spent in the air plus a monthly management fee that covers maintenance and administration. The number of hours you can use the aircraft depends on the fractional ownership that you buy. Most fractional jet ownership programs allow some room for negotiation. As a rule a 1/4 fractional ownership gives you 200 hours a year, 1/8th would give you 100 hours, and 1/16 th would give you 50 hours. 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. The investment size will vary with the plane. Typically, fractional ownership deals are split into eighths. Today, these deals are available on just about any type of aircraft-even smaller single-engine piston planes. Fractional ownership is a great first step into the private aircraft arena. There are very few cons to flying through a fractional jet ownership program. One downside is the ever-changing wave of life, which may affect your company's amount of travel time or your own personal use of a jet. This could result in a fairly significant financial loss, since you're typically tied in to a 5 year contract for the ownership. Most of the jet businesses also charge you a pretty hefty monthly fee, whether or not you fly, and when you incorporate fuel costs, landing fees, and other miscellaneous charges, you will spend well over what you would pay for a commercial flight. However, most people are pleased with their fractional jet ownership program and its options of comfort, schedule flexibility, and large time saving compared to commercial flights.. About the Author: Learn more about private jet hire and get your Free report on Top Jet Charter Companies by visiting http://privatejetsreview.info, a popular website that provides free advice on private jets for hire. Kindly provided by LJ-Marketing.dk You are welcome to use this article on your own website, if you include the link just before this text. |
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