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Unless you spend at least 150 hours a year flying, a private jet rental is probably a better option than buying — that way, you avoid many of the yearly maintenance fees private jets cost you.
Cost – Private jet travel is very expensive, and the fractional model can be the costliest option (when compared to memberships, charters, etc.). The plans are also complex, with multiple layers of cost that make it nearly impossible to calculate a realistic fully loaded bottom-line per-flight cost.
The tax law allows for taxpayers to immediately deduct the cost of an aircraft purchased and put in service after Sept. 27, 2017, and before Jan. 1, 2027. But this is a tax law tailored to benefit ...
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.
Want your own private jet? Private jet ownership is a considerable upfront and ongoing investment, and most millionaires can't even afford one. See: I'm a Multimillionaire -- 3 Ways I Maintain a...
Fractional ownership is a model that allows individuals or corporations to purchase a share of an aircraft, granting them access to a fleet of aircraft managed by a provider. Fractional owners typically pay an initial acquisition cost, followed by monthly management fees and hourly flight rates.
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