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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.
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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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 .
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 .
The ATR 72 is a twin-engine turboprop, short-haul regional airliner developed and produced in France and Italy by aircraft manufacturer ATR (Aerei da Trasporto Regionale or Avions de transport régional), a joint venture formed by French aerospace company Aérospatiale (now Airbus) and Italian aviation conglomerate Aeritalia (now Leonardo S.p.A.).
Vista Land's operations is divided into four segments: horizontal, vertical, commercial, and affordable housing. The first two involves the development and sale of residential properties, the third deals with the company's venture in the retail and business process outsourcing industry, and the last is involved with the development and management of other business including resorts, hotels ...