JetHub Private Jet Charter Blog

Fractional Jet Ownership Declining for Private Jet Industry

 

Fractional Jet Ownership

 

Fractional jet ownership has been a popular mode of affordable private jet travel since its inception in the mid-80s. Recently, however, smart travelers are making the switch to private jet charter services for their travel needs. While both options afford the benefits of time-savings, flexibility, luxury, and convenience, private jet charter is a more reasonable and usually more convenient alternative.


More people are now realizing that fractional jet ownership is one of the most costly ways to enjoy the luxury of traveling about in a private jet without buying one outright. Although not as expensive as jet ownership, partial jet ownership still passes along the cost of owning, operating, and maintaining a jet aircraft along to its owners. Partial owners are charged whether or not they fly, and many owners for one jet can create a nightmare of conflicts, especially on common traveling holidays like Thanksgiving. In these instances, some partial jet owners end up on private jet charter flights anyway due to a lack of capacity in the partially owned fleet. This introduces unnecessary hassle and overhead, and makes fractional jet companies less efficient and less able to handle the needs of passengers.


When travelers are in a position where they need or prefer a private jet for their air travel, the typical 5-year minimum commitments for partial ownership and minimum number of flight hours are off-putting to some. Private jet charter is quickly becoming the preferred method of aviation for those looking for convenience, reliability, and money savings without being locked into a specific aircraft. Private jet passengers want to be able to specify when, where, and how they travel without being locked into a particular aircraft and without having to work around others' schedules, and the private jet charter industry is an affordable option to cater to these passengers' specific needs.

Topics: private jet charter private aviation industry fractional jet ownership