COMMERCIAL · GLOSSARY

Fractional Ownership

A shared-ownership model where buyers purchase a 1/16 to 1/2 share of a specific aircraft and receive 50 to 400 occupied hours per year.

IN PRACTICE

NetJets, Flexjet and PlaneSense are the largest fractional programmes. Owners pay an acquisition cost (typically capital), monthly management fees, and an occupied hourly rate. Aircraft availability is contractually guaranteed with as little as 4-10 hours notice.

Compared with whole-aircraft ownership, fractional offers predictable budgeting and access to a national or international fleet, at the cost of less customisation.

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Frequently asked

What does Fractional Ownership mean in private aviation?

A shared-ownership model where buyers purchase a 1/16 to 1/2 share of a specific aircraft and receive 50 to 400 occupied hours per year.

How does fractional ownership work in practice?

NetJets, Flexjet and PlaneSense are the largest fractional programmes. Owners pay an acquisition cost (typically capital), monthly management fees, and an occupied hourly rate. Aircraft availability is contractually guaranteed with as little as 4-10 hours notice.

When is fractional ownership the right option for a charter client?

Fractional ownership fits flyers who match the usage pattern described above. For one-off trips, on-demand charter is usually more flexible; for recurring travel, structured products like jet cards or fractional programmes can be more predictable.

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RELATED TERMS

  • Jet CardA pre-paid charter product that locks in hourly rates, guaranteed availability and a fixed
  • On-Demand CharterSingle-trip aircraft rental priced and quoted per flight, with no membership, deposit or l
  • Guaranteed AvailabilityA contractual commitment from a jet card or fractional programme to deliver a specified ai
  • Empty LegA repositioning flight an operator has to fly anyway with no passengers — typically offere
  • DeadheadIndustry slang for any flight segment operated with no revenue passengers, including posit
  • Ferry FlightA non-revenue positioning flight, often over long distances, to move an aircraft from one
  • Repositioning FeeThe charge applied when an aircraft must fly empty to or from a charter flight's actual de
  • Block HourThe unit of flight time used for pricing: from the moment the aircraft begins to taxi unti
  • Minimum DayThe minimum number of block hours an operator will charge per calendar day, regardless of
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