What is Fractional Ownership?

Posted by on 17/06/2011

Fractional ownership is the term used to describe a set of people who share the total price of a service or vehicle. In other words if you and some of your friends all decide to pay a certain amount of money each month for the services of a private jet for example you all can use the jet at different times and you will not have to pay so much. To learn more about fractional ownership for private jets you should do some research on various jet charter companies. There are many different private jet charter companies that will be more than happy to create a fractional ownership plan. With a fractional ownership plan both ends of the deal win something; the charter company gets money every month and you and your friends can take the jet wherever you want depending on the schedules you arrange. A lot of companies use the fractional ownership idea to get workers around the globe in time to find new clients or just to make general business trips. It is usually much cheaper to be part of a fractional ownership plan instead of having to pay the flat fee yourself every time you want to fly in a private jet.