News
Revolution Air Offers Fractional Membership Alternative
Revolution Air, a charter broker company providing private jet charter services and travel solutions, offers details on the differences between charter aircraft operations and ownership of a fractional membership. To assist customers in making informed decisions on the best type of travel, Revolution Air has also launched an online tool on their website that provides quotes on charter travel.
Fractional membership is a long-term commitment, and fractional operations are governed by FAA Part 91 regulations. With fractional membership, the customer pays an up-front acquisition cost to purchase ownership of a portion of an aircraft, which is shared with other fractional members. The investment is tied into the fractional program along with additional monthly management fees to ensure the aircraft is fully staffed, maintained, insured, and protected in a hangar. Normally, after five years, a fractional owner has the option to remarket shares in the aircraft at current market value, less a remarketing fee.
Charter flights offer travel on an on-demand basis, and their operations are subject to FAA Part 135 regulations, which offer different rulings than Part 91, specifically in regards to duty time regulations and prevention of crew fatigue. By contacting charter brokers like Revolution Air or other providers, customers can choose locations and aircraft based on their immediate travel needs, which offers flexibility and the opportunity to tailor travel requirements to enable economical solutions.
"For some individuals and organizations, long-term fractional ownership of a specific aircraft or chartering with larger companies may be in their best interest, and we encourage customers to choose that option if it fits their needs," said Ron Goldstein, president of Revolution Air. "For others, the flexibility offered by using a charter broker company like Revolution Air delivers a solution that is nimble, customizable, and offers the choice of aircraft tailored to their travel needs, which can often result in better pricing. Charter travel with Revolution Air also offers personalized service, overseeing all the travel details, from on-board amenities to the distribution of up-to-the minute itinerary information."
To help customers determine if using charter aircraft is their best option for travel, Revolution Air has added new functionality to its website www.revolutionair.com with an online quoting system for charter flights. This tool enables customers to create a quote based upon their airports of choice and date of departure. Once the quote itinerary is submitted, the customer is contacted directly by a charter specialist to determine the precise needs and requirements of the flight. A finalized quote is then built and submitted back to the customer.
