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The "fair market value" calculation is a key consideration and can dominate the overall cost-benefit analysis of the fractional ownership format. Many fractional owners were burned by the volatile market and geopolitical conditions of the early 2000s and the recession in the late 2000s.
The author toured a Flexjet Praetor 600 that costs about $10,000 hourly for fractional ownership. Taylor Rains/Business Insider Flexjet sells partial ownership of private planes for a set number ...
By 1998, doing business as Business Jet Solutions, Flexjet had 41 aircraft, including the Learjet 31A, Learjet 45, Learjet 60, and Challenger 600 series, serving more than 200 clients. [6] At one time, Flexjet offered not only fractional ownership and jet card but also aircraft charter services. Flexjet entered the charter market in 2000 when ...
The fractional ownership jet card—fractional jet cards, such as those offered by NetJets or FlexJet, offer prepaid hours of occupied flight time, sold in the form of a sublease of a fractional jet share. Operators such as FlexJet give fractional jet owners the ability to sell unused flight hours in the form of fractional jet cards, with ...
During 2017, in response to competitive pressures, Bombardier chose to discount the price of the Challenger 300/350 by $7 million to match the Embraer Legacy 500's $20 million price. [6] Over 200 Challenger 350 were delivered by December 2017, adding to around 450 Challenger 300 deliveries. [2] The 350th Challenger 350 was delivered in July ...
AirSprint is a Canadian company that offers fractional ownership and management of private business jet aircraft. AirSprint was founded in 2000 as the first fractional aircraft ownership company in Canada by current Chairman, Judson Macor. Today, AirSprint operates the youngest fleet of fractional aircraft in North America and is the largest ...
XO (formerly XOJET) is a US-based private aviation company and subsidiary of Vista Global with its headquarters in Fort Lauderdale, Florida.XO, with a worldwide fleet access of more than 1,450 private aircraft, offers clients on-demand private jet charters with fixed-price membership programs as alternatives to jet cards and fractional ownership of aircraft.
On 23 December, the first was delivered to fractional operator Flexjet, two months after signing for 64 jets, including Praetor 500/600s and light Phenom 300Es. [23] In 2023, the equipped price of the Praetor 500 was $18.995M, and $21.995M for the 600. [24]
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