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These fractions translate to several hours per year, with a full 100 percent share typically equating to 800 annual hours of usage. Most shares are sold at the 1 ⁄ 16 (50 hours) or 1 ⁄ 8 (100 hours) level. [2] [1] Although the aircraft is shared, owners are guaranteed access with 4–48 hours notice, depending on the provider and plan.
Alternatively, customers may buy flight hours in 25-hour increments by way of jet card programs. [23] Fractional owners also pay an occupied hourly operating fee, but it is charged only when an owner or guest is on board, not for ferry flights. [49] [50] NetJets is the largest fractional aircraft provider. In 2021 its fleet flew 478,444 hours. [51]
Jet cards are offered by large and small fleet operators and charter brokers. [1] [2] There are as many as 65 variables between jet card companies, according to Private Jet Card Comparisons, a buyer's guide to jet card programs. Traditional jet card programs are prepaid hours of occupied flight time on a given aircraft or size of aircraft. [1]
The typical cost is between $2,000 and $14,000 per billable hour to charter a private jet. However, those prices aren’t the whole story. However, those prices aren’t the whole story.
You’ll also pay a monthly management fee, which could equal around $10,000 for a 50-hour NetJets share, up to approximately $60,000 for a 400-hour share. Again, the actual cost will depend ...
Flexjet is a provider of fractional jet ownership, leasing, and jet card services as well as private helicopter fractional, leasing and charter services. Directional Aviation, the private investment firm founded by aviation entrepreneur Kenn Ricci , has owned Flexjet since 2013. [ 2 ]
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