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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.
Cuyahoga County Airport (IATA: CGF [2], ICAO: KCGF, FAA LID: CGF), also known as Robert D. Shea Field, [3] is a public use airport in northeastern Cuyahoga County, Ohio, United States. [1] Owned and operated by Cuyahoga County since 1946, [ 3 ] it also serves Lake County and Geauga County .
When using the aircraft, owners also pay for the flight hours and a nominal amount for taxiing. [2] The final cost component is fuel, which has a surcharge above the hourly fee to compensate for price volatility. An owner's share allotment is depleted for actual hours of occupied flight, plus taxiing, with a 1– to 2–hour minimum.
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 ]
Ohio State University Airport (IATA: OSU, ICAO: KOSU, FAA LID: OSU) is a public airport six miles (10 km) northwest of downtown Columbus, in Franklin County, Ohio, United States. [1] It is owned and operated by Ohio State University in Columbus.
The Wilmington Air Park covers an area of 2,000 acres (810 ha) at an elevation of 1,077 feet (328 m) above mean sea level. It has two concrete surfaced runways : 04L/22R is 10,701 by 150 feet (3,262 x 46 m) and 04R/22L is 9,000 by 150 feet (2,743 x 46 m). [ 1 ]