Fractionally owned jets versus air charters

Private jets are an essential part of an international corporation's business travel plans

, but which is the most suitable? Ownership A small cabin private aircraft can start at $6 million, but after the initial outlay there are other costs which can leave the option of ownership to only the very wealthiest of individuals. Every aircraft requires insurance, maintenance and a cabin crew, pilots and an aircraft hangar in which the plane can be stored and maintained. This all comes at a price, and with a shortage of qualified pilots in the industry, salaries and expenses can be high. Before considering buying a private jet, the usage must be taken into consideration. It is not economical to purchase a jet unless it is used constantly, making the most of the pilots' contracted time and the maintenance fees. Very few business people or corporations require an aircraft on standby 24 hours a day, so ownership is only a viable option for a select few. Air charters Those who find ownership of a private jet prohibitive often look to air charter links to (services as and when they require the use of a private jet. Availability and price of this kind of private jet use are determined by the availability in the open market, and can often lead to price rises during the busiest seasons, which include sporting events, conferences and summits, and holidays. One last point to consider with air charter companies is the levels of service associated. The majority of air charter companies have only been operating for two to 10 years, and levels of service can vary drastically. Fractional jet ownership Brought to market in the 1990s, the fractional jet ownership model allows you to buy either a share in an aircraft or an allotted number of flight hours. While there are few fractional jet operators, the market leader has a fleet of approximately 800 private aircraft, ranging from small cabin aircraft through to the largest and most luxurious jets. Flights can be booked at short notice, and all flight details are handled by the operator, from scheduling the flight, through to the in-flight catering and even organising a concierge at the destination to make sure your trip is of the highest quality. Whatever their needs, budget and perspective, international businesses have many options in the private jet market, ensuring they make the most of their time and money.

Fractionally owned jets versus air charters

By: NetJets Europe

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