Flying in a private jet is a luxury that many people will not get to enjoy. The benefits of getting to use a private jet include being able to choose the dates and times that are convenient and not having to deal with many types of flight delays. Owning a private jet outright is not affordable for most people, but there are ways to purchase a share in an aircraft that is owned and maintained by a third party. “Much like owning a timeshare property, fractional jet ownership is an arrangement whereby more than one person collectively shares ownership of an aircraft.” Fractional jet ownership can be beneficial for frequent travelers who want the convenience of being able to use a private jet but don’t want the hassle of outright owning it. It is more expensive than commercial flights, but there are different deals that could reduce costs.
See Warren Cassell, How Exactly Does Fractional Jet Ownership Work?, Investopedia, April 23, 2016.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
