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Additionally, planes in fractional fleets tend to be flown harder, with more hours and takeoff/landing cycles than the average. This negatively affects residual value. The initial purchase price for a 1/16 share of a light jet starts at over $300,000. Monthly management fees start at about $9,000 per month. Occupied hourly rates start at about ...
Jet card – Programs offered by both brokers and operators where a customer is offered a fixed hourly rate for a specific jet category and the broker or operator sources a jet from the available charter fleet. Online marketplace – Online booking platform where the client can choose and book the desired aircraft directly with the operator.
Frequently operating in the shadow of colossal national airlines, which received federal subsidies and flew scheduled passenger service at costly rates, non-scheduled airlines were generally small companies which could be chartered to transport goods or passengers at an hourly or distance-based charge. Non-scheduled airlines were the first to ...
Jet card programs are prepaid programs offered by private aviation companies, allowing customers to purchase a set number of flight hours on a specific aircraft or fleet. Jet card holders can use their hours to book flights, often with guaranteed availability and fixed hourly rates. [9] [10] [11]
Flight schools commonly rent aircraft to students and licensed pilots at an hourly rate. Typically, the hourly rate is determined by the aircraft's Hobbs meter or Tach timer, therefore the student is only charged while the aircraft engine is running. Flight instructors can also be scheduled with or without an aircraft for pilot proficiency and ...
The Air Taxi Association, LLC (ATXA) was founded in June 2007 by Joseph Leader as a membership, payment company with the goal of encouraging the adoption of the next-generation air taxi model based on the company's operating interface system booking flights on small jets, commonly referred to as very light jet. [1] American founding members
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