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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 .
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.
It is the successor company to South East Asian Airlines and Tigerair Philippines. [4] It is now owned by JG Summit , the parent company of Cebu Pacific which operates the airline. The airline's main base has been transferred from Clark International Airport in Angeles City to Ninoy Aquino International Airport in Metro Manila .
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 ]
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.
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The De Havilland Canada Dash 8, previously the Bombardier Dash 8, is a regional turboprop aircraft that was previously delivered in three size categories, typically seating from 37 passengers to 90 passengers . Only the larger DHC-8-400 model remained in production until 2021. [1]
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 provider of fractional aircraft in Canada. In 2017, AirSprint was the fastest growing fractional aviation company ...