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They say that money can’t buy everything, which may be true. However, it can certainly buy you a lot of timesaving, just ask anyone who has participated in fractional jet ownership, which can most easily be described as a “flying timeshare.”

An individual person or company buys or leases a fractional share in an aircraft, this is similar to buying a timeshare. You buy a set number of days or hours each year that you can use that aircraft. Most fractional jet ownership programs allow you to use a similar jet

There are a lot of advantages to taking part in a fractional jet ownership program for anyone that flies frequently and is looking to save some time and money in the long run. Using a business airplane is estimated to save an average of four hours travel time and eight hours productivity time per trip. You can also save on hotel bills by having the flexibility to return when you want to, and not being limited to commercial flight timetables. This has the added advantage of getting you back to spend time with friends and family.

As a private aircraft owner, scheduling flights days and weeks in advance is a thing of the past. Once an owner, you simply pick up the phone and your plane will be ready in a few hours-where you want it and where you want to go. It’s the ultimate in convenience.

The cost of your fractional jet ownership includes aircraft, crews, scheduling and maintenance. Prices vary but a 1/16th ownership of a Citation Ultra may cost approx $80,000.. NetJets have 14 different types of jet in their fleet including a Gulfstream 550 that’s capable of doing Trans Atlantic flights and they guarantee that your chosen or similar jet will be delivered to you with 4 hours notice. .

The price varies enormously depending on the size of plane that you want to use and the size of the fraction you want to buy. As a general rule the larger the plane, the more people it can accommodate and the further you can travel (without refueling) but the more it will cost you. For example a light jet will have an initial acquisition cost of about $400,000 for a 1/16 share (50 hours of flying), but a heavy jet would have an initial acquisition fee of over $3,000,000 for a 1/8 share (100 hours).

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