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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.
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]
The author toured a Flexjet Praetor 600 that costs about $10,000 hourly for fractional ownership. Taylor Rains/Business Insider Flexjet sells partial ownership of private planes for a set number ...
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.
NetJets, a private aviation company selling fractional ownership in its planes, announced Thursday that it had agreed to purchase Marquis Jet, a private jet cards company that sells the use of ...
On October 15, 2018, fractional operator NetJets announced the purchase of up to 175 Longitudes, sold for $26 million each, along 150 Citation Hemispheres, priced at $35 million. [20] After 4,050 hours in 1,650 test flights, the Longitude received a provisional FAA type certification on December 20, allowing deliveries in early 2019. [21]
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