Drawbacks of Fractional Private Jet Ownership Over On-Demand Private Jet Charter

Nothing quite measures up to the exquisite experience of flying on a private jet.

If you are exploring the possibility of private jet flying, you will quickly learn that there are multiple ways to do it. Some people choose outright ownership, while others opt for fractional private jet ownership. Other options that are more affordable include jet cards and on-demand private jet charter.

In this blog, we are going to explore the differences between fractional private jet ownership and on-demand private jet charters. We hope to show you why on-demand flying is the superior choice that will give you the most value for your money.

How Does Fractional Private Jet Ownership Work?

Fractional private jet ownership got its start with NetJets in 1986. This business was started by Warren Buffett and was a vast improvement over outright ownership of private jets thanks to the shared costs of maintenance and ownership. However, as the private jet industry has evolved, fractional ownership becomes more outdated.

With a fractional private jet program, you purchase a fraction or share of a jet. These are typically sold in 1/16 increments. While this does keep the overall costs of private jet ownership down, it can still be a major investment. Even with the smallest fraction of ownership, you will have to pay at least $100,000 upfront.

Beyond the costs, private fractional jet ownership also requires an extended time commitment. Typical contracts last for between 3-7 years. If you are feeling unsatisfied with the program, it will usually cost a lot of money to get out of your contract early.

Say you feel okay about the cost and time requirements of fractional ownership. Now, you have to navigate the difficulties of managing schedules and flight times among all the various owners of the jet. What happens when multiple people need to fly to different destinations at the same time? In addition, the more you want to use your jet, the more it will cost you in the long term.

While some fractional jet ownership programs have flexibility on the type of aircraft you have access to, others do not. If your “owned” aircraft does not meet your travel needs for a specific trip, you will have to pay an additional cost to fly in a different aircraft.

How Does On-Demand Private Jet Chartering Overcome the Drawbacks of Fractional Ownership?

If the fractional jet ownership cost and commitment seem exorbitant to you, an on-demand private jet charter may be a better option. This modern option overcomes many of the drawbacks seen with fractional ownership.

• No fixed costs: On-demand private charter flights do not come with fixed costs. You don’t have to pay for maintenance or other logistical costs.
• Only pay for what you need: Because there is no exorbitant investment required, you do not feel like your money is going to waste. You choose your flights and only pay for the flight hours you need.
• More scheduling flexibility: With on-demand flights, you have more freedom to make changes to your schedule, how many flights you need, or even the type of aircraft you want.
• Manageable costs: On-demand flights are ideal for anyone who flies between 50-500 hours per year and offers some of the lowest costs-per-flight among all private jet options.

Explore the Possibilities of On-Demand Private Jet Charters with Jettly

As you read in this blog, the cost of fractional jet ownership can be extreme and there are not many benefits. On-demand private jet charter comes out as a much more versatile and manageable option.

Are you ready to experience the possibility of on-demand flying? Jettly has access to over 20,000 aircraft all around the world. Wherever you want to go, Jettly can get you there.

Experience all the benefits of private flying without all the commitments and costs. Book your first private jet charter today.

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