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Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved.
Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. Several management companies provide fractional ownership programs for aircraft, including NetJets , Flexjet , Cirrus Aviation Services , and AirSprint .
NetJets is the largest fractional aircraft provider. In 2021 its fleet flew 478,444 hours. [51] For companies or individuals that require less than the minimum 50 flight hours and the five-year commitment of fractional ownership, they can buy flight hours in 25-hour increments via the NetJets jet card programs. [23]
In Africa, eight were in Egypt, four in South Africa and one in Morocco. In Asia, eight were in Turkey, five in China, three in Australia and one in Jordan. Most corporate operators fly the aircraft 350- to 400-hr. per year, less for individuals while fractional ownership and air charter aircraft may be used 1,200 hr. per year. [8]
Pacaso’s homes require a certain level of disposable income — its offerings include a $755,000 one-eighth ownership in a four-bedroom, 6.5-bathroom ski home in Breckenridge, Colo., or $299,000 ...
PlaneSense, a New Hampshire-based fractional ownership company, manages the largest fleet of the type, [37] operating 34 PC-12s as of 2015. [38] In June 2010, Pilatus announced that the 1,000th PC-12 had been delivered. [39]
Pages in category "Fractional aircraft ownership companies" The following 10 pages are in this category, out of 10 total. This list may not reflect recent changes .
Mineral rights can be separate from property ownership (see Split estate). Mineral rights can refer to sedentary minerals that do not move below the Earth's surface or fluid minerals such as oil or natural gas. [1] There are three major types of mineral property: unified estate, severed or split estate, and fractional ownership of minerals. [1]