Fractional Ownership Flashcards
1
Q
How would you describe fractional ownership?
A
Fractional ownership allows multiple individuals or companies to purchase a share of a private jet, giving them access to flight hours based on their ownership percentage. NetJets manages the aircraft, including maintenance, crew, and logistics, so owners get the benefits of private aviation without the full cost or responsibility of owning an entire plane. It’s a flexible and cost-effective way to enjoy private jet travel with guaranteed availability and high safety standards
1
Q
What are the costs associated with fractional ownership?
A
Generally broken down into three categories:
1. Acquisition Cost
2. Monthly Management Fees
3. Hourly Rates
