Fractional Jet Ownership
When you don’t need the full cost or the full use of a private jet, fractional ownership is an excellent alternative. In some cases, you may work with an existing contact or peer to enter a joint purchase of a private jet and then simple arrange to share the costs and use of the plane. More frequently, however, you would take part in an existing collection of owners who work through a management company to buy and hold private jets in fractional ownership.
When you opt for fractional ownership, you reap many of the rewards of outright ownership. You’re able to take a rather substantial tax deduction as well as have the plane at your disposal when you need it – provided one of the other users isn’t already using it. In larger collaborations of owners, many jets are owned and shared among a very large group of owners, so the managing company is better able to get you a jet when you need it.
As with any ownership option, fractional ownership means that you pay for the plane whether you are using regularly or not. If you fly very rarely, owning a private jet, even through fractional ownership, can be a large expense that is not fully utilized. Before deciding if fractional ownership is the right choice for you, be sure to investigate the actual benefits of any ownership option. Only you can know if those benefits are enough to outweigh the ongoing expenses.