Fractional Ownership Vs. Charters: When It Makes Sense To Choose Fractional Ownership
Posted on: 26 July 2019
If you prefer flying on private jets rather than on commercial aircraft, you might have rented a chartered flight at some point in the past. Now, you could be wondering if you should consider chartering your flights or if you should look into fractional ownership of an aircraft. Both ideas can be good ones, but you will need to look into your own situation before you can decide which one is right for you. These are a few situations in which it might make sense for you to choose fractional ownership instead of taking a chartered flight each time that you fly.
You Fly a Lot
If you only fly a few times a year, then you might find that your investment in fractional ownership of a jet is not going to really be worth your while. If you fly on a regular basis, on the other hand, you may find that the cost of paying for a charter each time will add up. In this scenario, having fractional ownership in a jet might be a better idea for you. Consider running the numbers to see which one might make the most financial sense.
You Have Some Flexibility
Because you will be sharing your ownership of a jet with several other owners, it's important to understand that the private jet might not always be available when you need it. If you have some flexibility or if you tend to schedule your travel a bit ahead of time, this should not be a problem. If you like to be able to make plans and fly out with a moment's notice, though, you might be more likely to find a charter that will work for you.
You Don't Mind Signing a Contract
If you choose to become a fractional owner of a jet, then you will probably have to sign a contract. If you know that you will be able to continue to pay for the fractional ownership over the next several years and if you don't think your interest in flying regularly will wane, then fractional ownership might be right for you. If you aren't interested in signing a long-term contract or if you want to avoid it if you can, then flying with charters might be the better choice for you.
Fractional ownership of a private jet might be something that you should look into. You may find that it's a good option for your flying needs, or you might find that you prefer taking a chartered flight.
For more information about chartered flights, contact a company like Charters By Air Denver.
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