Private Jet Charter vs. Fractional Ownership
If you're considering flying privately, you may be wondering whether to charter a jet or buy fractional ownership. Both have their pros and cons, which we'll explore in this article. So whether you're looking for the flexibility of chartering or the ownership benefits of fractional ownership, read on to find out more.
What is a private jet charter?
A private jet charter is the renting of a private jet for business or personal travel. Private jet charters are typically operated by charter companies, or brokerages, which act as an intermediary between the customer and the aircraft owner or operator.
Charter companies and brokerages typically have access to a large fleet of aircraft, which allows them to offer a wide variety of aircraft to their customers.
What is fractional ownership?
Fractional ownership is a kind of personal jet ownership wherein the group of people shares the owning and operating cost of a jet. The group will purchase a specific number of hours on the jet (usually between 50 and 400), and each member of the group will have access to the jet for a specified amount of time each year. Fractional ownership offers many of the same advantages as private jet charter, including flexibility, privacy, and convenience. However, it typically requires a larger upfront investment than chartering, and it may not be available in all areas.
The benefits and drawbacks of private jet charter
Flying by private jet has a number of advantages over commercial air travel. Private jet charters are generally more expensive than flying on a commercial airline, but they offer a number of advantages, including flexibility, privacy, and convenience.
1. Flexibility - When you charter a private jet, you are not restricted by the schedules or routes of commercial airlines. You can choose your own departure and arrival times, and you can customize your itinerary to suit your needs.
2. Privacy - When you fly on a commercial airline, you are sharing the aircraft with hundreds of other passengers.
3. Convenience - You will be able to board your aircraft quickly and easily, and you will not have to worry about dealing with crowds or waiting in line.
Private jet charters do have some drawbacks, however.
1. Cost. Private jets are typically much more expensive than flying on a commercial airline. If cost is a major concern for you, then a private jet charter may not be the best option for you.
2. It may not be available in all areas.
It is important to weigh these factors carefully before deciding whether or not to charter a private jet for your next trip.
The benefits and drawbacks of fractional ownership
Fractional ownership is a type of private jet ownership in which a group of people share the cost of owning and operating a jet. The group will purchase a specific number of hours on the jet (usually between 50 and 400), and each member of the group will have access to the jet for a specified amount of time each year.
Fractional ownership offers many of the same advantages as private jet charter, including flexibility, privacy, and convenience. However, it typically requires a larger upfront investment than chartering, and it may not be available in all areas.