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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.
Fractional ownership is when a group of people shares the ownership of a private jet. This can be a more cost-effective way to own a private jet than subscribing to one of the best private jet ...
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.
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Over 2,000 Cessna CitationJets have been delivered, making it the most popular line of business jets. [1] View of the cabin, inside a business jet. A business jet, private jet, or bizjet is a jet aircraft designed for transporting small groups of people, typically business executives and high-ranking associates.
For example, if aircraft operating expenses total $120 for a flight with pilot and three passengers, each of the three passengers could pay not more than $30 (one fourth) of the expenses with the remainder paid by the pilot. It is the purpose of the flight, not the aircraft or pilot, that determines whether the flight is private. [5]
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