Lots of people mistake the desire for a private jet as the desire for luxury. While most private jets are certainly luxurious to some degree, you will find a far more accommodating residence by choosing a business class flight and all of the accouterments offered from that. No, a private jet is less about luxury and more about saving time. By opting for private jet travel, you are actually buying yourself more time. But, the issue remains that not many people can outright afford to purchase these things. Fortunately, fractional ownership could very well be your ticket to a luxury not afforded to most normal people: time.
Cost-Effective Solution for Jet Access
As we alluded to in the introduction, it is more than likely that purchasing these jets outright is cost-prohibitive for all, but the wealthiest among us (and probably those who aren’t reading a post like this!); opting for fractional ownership allows you to own a part of a jet with all of the benefits associated with jet ownership but at a fraction of the cost. According to the professionals over at https://www.fractionaljetownership.com/, you have two different tiers to choose from, but both make it possible to access a plane as long as one is available. Although you won’t gain the primary advantages of being the primary owner (e.g., you can use it when you want on your own terms), you gain access to something you’d likely never be able to afford without breaking the bank.
Enhanced Flexibility Compared to Whole Ownership
While the dream of many is perhaps to own their very own jet, the fact of the matter is that along with full ownership comes the burden of maintenance, depreciation, and having to find a flight staff who is available year-round. Fractional ownership can also provide you with a greater selection of jets based on your needs compared to only having access to the one you own. While each functional ownership program will vary, many will allow you to select a plane based on your requirements and book it for the dates you choose. This means that if you need a larger option with access to a galley for longer trips, you can have it. Conversely, if you’re only hopping from one airport to another, around an hour away, you can use a smaller and cheaper option.
Share Maintenance Costs with Co-Owners
If you thought keeping your car on the road was a bank-busting activity, just wait until you find out how much it costs to keep these things running. General estimates for annual recurring operating costs, which include maintenance, range from $500,000 to $1,000,000 or more, depending on the size and type of aircraft you own. This also doesn’t take into account the depreciation that you will see over time, and because these things aren’t like cars, they have an operational lifespan, after which they either need a complete refit or you have to scrap them. Needless to say, fractional ownership eschews all of these negative points while only providing you with the benefits.
Private jets are a fantastic investment if you can afford one, but they’re out of reach for most. That is, unless you opt for fractional ownership, which provides a number of advantages that make this lifestyle attainable to the masses.
