Airplane Fractional Ownership and Owning Your Own Plane

Airplane fractional ownership is a great way actually purchase (finance or lease options are also available) an undivided interest in a specific, serial-numbered aircraft. Once you agree to airplane fractional ownership you gain all the convenience, access and time advantages of owning a whole aircraft but at a fraction of the cost without the responsibilities. The companies who run the airplane fractional ownership aircraft hire the pilots, maintain the planes, attend to the logistics and ensure the safety.

The best companies will also have a dedicated owner service team assigned to you that will oversee your needs on every flight.

How Does Airplane Fractional Ownership

The size of your undivided concern you purchase is directly proportional to the number of hours you typically fly in a year. Most companies offer a 1/16 interest as their smallest share which is the equivalent to 50 hours of flying a year. These companies mainly charge for your occupied flight hours not for the hours required to deliver the aircraft to your departing location or return it to another airport they call it the “dead head” or “empty leg” flight.

Why Choose Airplane Fractional Ownership

There are so many reasons why airplane fractional ownership is the best option if you fly regularly and looking to own an aircraft:-

-Costs
Your costs are guaranteed and fixed for the entire term of your contract which is typically five years for most companies.

-Aircraft Management
You don’t have to worry about the upkeep of your aircraft as it part of your contract that the aircraft will be maintained.

-Storage
You plane will be stored an storage management is done for you

-Scheduling
You get 24-hour telephone and online scheduling

-Training
You get access to private, transitional, IFR, VFR and Recurrency training.

-Piloting
You get your pilots organized for you or get the option to fly yourself.

-Partnerships
You don’t have to deal with the other partners of the aircraft.

An Deeper Look at Airplane Fractional Ownership

All shares are priced pro-rate and there are no discounts for larger shares. This means if a 1/8 share will be twice as expensive a 1/16 share and half the price of a ¼ share. The size of a share may though command additional benefits and right which owners can enjoy.

Most companies will want your flights to be a minimum of an hour in length. There is though some flexibility in most plans which will allow owners to access hours from future years if they have already flown their annual allowance.

The Freedom of Airplane Fractional Ownership

Imagine the freedom to be able to schedule your own personnel flight anytime from the convenience of your home or office. If you fancy a weekend in Cape Cod you can go online and book up for a flight (there is 4-48 hour notice period called a “call out” period when you go to book a flight). Then your dedicated owner service team will take care of all your needs for the flight and even organize the pilot if you don’t want to fly yourself. Airplane fractional ownership is the cheapest and hassle free option to owning a plane.