![]() Planesense, which is among the 10 largest private jet operators, is focused on turboprops with Pilatus PC-12. Others run by boutique brokers have a dozen or so.Īt the same time, you can count on two hands the number of fractional providers:īerkshire Hathaway’s NetJets and Directional’s Flexjet are the two biggest players offering aircraft across all categories, from light jets to ultra-long-haul large cabin jets. Since that point, the number of jet card providers and programs has more than tripled, so there are over 80 providers and more than 900 jet card programs. Jet cards offering fixed one-way rates and guaranteed availability didn’t come on the scene until around the turn of the century and didn’t propagate until after the Great Recession, when many private aviation users began looking for short-term solutions. In other words, when you needed to fly, a plane might not be available, or at least a plane you were happy with. The idea was to target companies and UHNW families that might not have ongoing demand sufficient to own their own airplanes or, if they already owned one, needed multiple airplanes on a regular basis.Īt the time, the only other option was on-demand charter, and there was often very little transparency about the safety and operational standards of charter companies.īlock charter offered some bulk-purchasing opportunities with fixed rates but generally didn’t guarantee availability. James Butler, CEO of Shaircraft Solutions, LLC: “In the end, anytime you contract for a private jet flight-putting your dollars and, more importantly, your safety and that of your family and business associates on the line, you should have an experienced attorney, who specializes in aviation transactions, review the contracts.” The fractional ownership concept in the private aircraft arena is closely tied to Richard Santulli, who pioneered it by launching NetJets in 1987 before selling the company to Warren Buffett’s Berkshire Hathaway in 1998 for $725 million. I’ve quoted Butler extensively in this article. To help you understand if you should be thinking about fractional ownership and long-term lease options from fractional providers, I enlisted the help of James Butler, the CEO of Shaircraft Solutions LLC and an aviation attorney and expert.īutler specializes in advising private flyers in terms of buying and leasing fractional aircraft, investing in jet cards, etc., and negotiates the contracts for these investments. However, changes in the jet card space and new fractional models mean that determining the best solution is more than ever tied to your specific needs. They’re just overly simplistic and can lead you to make a decision that might not be the best fit.Įven in 2001, a long time ago, but long before jet cards and other shorter-term options really took hold, a white paper from Embry-Riddle Aeronautical University pegged the sweet spot for fractional ownership at between 145 and 387 hours of annual usage. I don’t want to say these generalizations are wrong. ![]() Private Jet Card Comparisons In the News.Private Jet Industry Breaking News and Analysis.Lowest Private Jet Charter costs compared for the most popular routes.Fractional Aircraft Ownership Comparisons by Company. ![]() The Ultimate Restaurant Guide for Private Jet Travelers.Private Jet Safety: Key Questions to Ask.Private Jet Charter: How to rent a private jet.Things to Consider Before Buying a Private Jet Card.Private Jet Fractional Ownership and Leases – A Complete Guide.Private Jet Charter – Frequently Asked Questions.Frequently Asked Questions about Jet Cards. ![]()
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