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If fractional ownership's appeal is the simplification of flight, that appeal is reduced when accompanied by a host of special pricing adjustments and incentive programs. Despite this marketing challenge, cost concerns have resulted in numerous efficiency-driven programs.
The Praetor 600 is part of Flexjet's "fractional jet ownership" program. The Praetor 600 is just one of hundreds of Flexjet's fractional owner planes. Taylor Rains/Business Insider
Fractional ownership offers an individual or company the option to purchase a share of an aircraft. Shares from as little as 1/16 of an aircraft, which offers approximately 37.5 hours of flight time per year, to 1/2 of an aircraft can be purchased, depending on the needs of the operator.
PlaneSense is a fractional aircraft ownership program managed by PlaneSense, Inc. and based in Portsmouth, New Hampshire, United States.As of the beginning of 2020, they managed a civilian fleet of 44 total program aircraft, made up of 36 Pilatus PC-12 aircraft and five Pilatus PC-24 jets.
Prices per share with NetJets vary, depending on the type of jet and how frequently you fly. In general, you can expect a one-time acquisition fee of anywhere from $550,000 for a 50-hour share and ...
New light jet prices range from $5.75 million to $11.89 million to buy. Midsize jets: With a capacity of about five hours of travel at a time, midsize jets work well for both short and mid-range ...
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