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Fractional Ownership Offers Jet Flight Perks Without Jet Ownership Costs

With more companies and executives seeing the timesaving benefits in using private jet flight, more and more aviation companies are offering fractional jet ownership. Prices of full jet ownership can cost several millions whereas a fraction of a jet place can be had for a price in the hundreds of thousands. This may be the reason why fractional jet shares have gone from 730 ten years ago to more than 5000 today.

Companies appreciate the ease of jet travel as well as the financial perks. A business that owns a fractional jet share can claim the deprecation of the place as a tax break. Also a consideration is the time saved by executives who are dealing with time delays, missed flights, and unruly passengers. When you consider the salary costs and possible lost clients due to these inconveniences, it’s easy to see why companies are opting for fractional jet ownership instead.

Some factors to consider if you or your company is thinking about buying into fractional jet shares:

Age of the planes – CitationShares boasts the youngest fleet with only 3.3 years on average for their planes.

Experience of Company – NetJets created the concept of fractional jet ownership and currently has 20 years under its belt.

Training of Pilots – CitationShares claims their pilots have approximately 7000 flight hours while NetJets boasts a 7500 average for their pilots.

Safety Record – What’s the history of safety behind the company? Is the maintain schedule of the planes up to par?

References: The company can probably connect you with someone who is a satisfied customer but a little research may be necessary to find consumer complaints.

To get a feel for jet travel without a long-term commitment, think about purchasing a jet card that will allow you to take flights without maintenance fee or commitments and no tax breaks at a slightly higher hourly cost. NetJets offers the Marquis Jet Card, CitationShare features a Vector JetCard while Flexjet markets a Flexjet 25 card. It’s likely that once you try jetflight, you’ll never want to fly any other way.