Introducing Fractional Jet Ownership: A Smarter Way to Fly Private

Want the luxury of private jet travel without the full cost? Fractional jet ownership offers a smarter, more affordable way to fly in style.

There are all kinds of ways that you can pamper yourself if you want to. Frankly, you probably deserve it. Many individuals work very hard to get to a point where they are financially comfortable.

Once you get to that point, you should enjoy your wealth. That’s why you worked to get where you are. You might buy an opulent home, a luxury vehicle, or other things that you enjoy.

That’s where fractional jet ownership comes in. It’s an interesting concept, but not one that everybody knows about.

Fractional Jet Ownership: A Smarter, More Affordable Private Jet Option

In this article, we will give you an introduction to fractional jet ownership. This is probably not something that everyone will want to do, but it is well worth considering if you are in a financial position to afford it.

What Does the Fractional Jet Ownership Concept Mean?

First, let’s explain what this term means. Fractional jet ownership basically means that you are buying a private jet, but you are not going to be the sole owner of it. Instead, you are going to put money toward its purchase, storage, and upkeep, along with a group of other co-owners.

You will have access to the jet at certain times, but not at others. If you put in the minimum amount of money, then you might be able to use the jet a couple of weekends per year. If you put in more money than that, you will naturally have more access to the jet. Maybe you can use it one month out of the year.

How Much Does This Kind of Thing Cost?

The cost of this type of jet ownership varies depending on a few different factors. Those include how new the jet is, how many other people are putting in on it with you, and also how much it will cost to maintain the jet and to store it when it is not in use.

On the whole, you might expect to pay a minimum of $100K or so to buy into a fractional jet ownership situation. That’s costly, but it’s also not prohibitively expensive for someone who is doing well for themselves.

For double that amount, you can probably use the jet twice as much. Still, no matter how much money you put into it, this is likely not the sort of thing that would be a frivolous purchase or an impulse buy, unless you’re a multimillionaire for whom this amount of money is just a drop in the proverbial bucket. 

Who is in the Best Position to Do This?

Individuals who are wealthy but who are not obscenely rich are probably the likeliest candidates for this kind of purchase. If you’re making a million dollars per year, for instance, then becoming part of a fractional jet ownership group might be something that you do as a special gift for yourself or someone you love.

If you’re not in a position to afford it, though, then clearly you need to stay away from this kind of a purchase. If you want to treat yourself, then you might just fly in first class whenever you want to travel. It may not have the same feel as utilizing your own private jet, but it’s still pretty opulent.

How Might You Enjoy Your Fractional Jet Privileges?

There are many ways you might choose to use your private jet if you buy into a fractional jet ownership group. Usually, you and the other owners will work out a system for who gets to use it at what times. You might have those dates marked off on the calendar weeks or months in advance.

You may also want the private jet to fly you and your spouse or partner to Paris for the weekend or to some other beautiful destination. Maybe somewhere like Tahiti is more your style. Having the jet drop you off and then spending some time on a white sand beach probably sounds absolutely heavenly.

You might also have the option to trade weekends with the jet if something comes up for which you particularly want it. Perhaps you can bribe the individual who would normally have the jet that weekend by saying you’ll pay for a round of golf. Maybe you’ll buy them a nice box of high-end cigars instead.

Are There Any Drawbacks to Using This System?

As for any possible drawbacks if you buy into a private jet ownership group, the cost is the most obvious issue. Not everyone can afford to do something like this. You might put up the money if it’s not an onerous expense, but if you’re spending beyond your means by becoming a part owner, then it doesn’t make much sense.

There’s also the fact that you need to keep spending money to be part of a fractional jet ownership group. There’s the initial expenditure of buying the jet, but then there’s the additional cash you will need to spend for fuel, maintenance, and storage when it’s not in use. You will also need to pay a pilot to operate it.

Private Jet Access Made Easy with Fractional Jet Ownership

There’s no denying that buying into a fractional jet ownership group is a luxury, and it’s not something anyone needs. If you can afford it, though, and you feel like doing something nice for yourself or those you love, there’s no reason not to consider it. The prospect of flying in a private jet sometimes that you partially own is definitely enticing.