Fractional ownership of aircraft involves an individual or corporation who pays an upfront equity share for the cost of an aircraft. If four parties are involved, a partner would pay one-fourth of the aircraft price (a "quarter share"). That partner is now an equity owner in that aircraft and can sell the equity position if necessary. This also entitles the new owner to a certain number of hours of flight time on that aircraft, or any comparable aircraft in the fleet. Additional fees include monthly management fees and incidentals such as catering and ground transportation. In the United States, fractional-ownership operations may be regulated by either FAA part 91 or part 135.
Ms. Broder frequently books private jets for clients and gets a weekly list from several private jet companies of empty leg availability for the coming week (other agents specializing in private jet travel also get similar lists). Recent flights included an $8,500 trip from Naples to Cleveland on a Beechjet 400A, a plane that seats seven people, and a $6,500 trip from Scottsdale, Ariz., to Colorado Springs on a Learjet 45XR, accommodating eight fliers.
The Private Jet category encompasses a wide variety of aircraft, of many different sizes and capabilities ranging from aircraft optimized for relatively short-range regional travel, to large cabin aircraft able to traverse entire continents and oceans. These aircraft are manufactured by worldwide companies including Beechcraft, Bombardier, Cessna, Dassault Aviation, Embraer, Gulfstream, Hawker, Learjet, and Pilatus. Additionally, Airbus and Boeing build exclusive, private variants of many of the same aircraft operated by commercial airlines throughout the world.
On a Charter Flight, passengers aren’t limited to on of 2 or 3 entrees being served. They can literally design their own meal or order from a restaurant of their choice to be enjoyed while traveling in supreme comfort. There is also a wide variety of entertainment options on a charter flight. Many aircraft used for charter flights have free WiFi, high end sound or entertainment systems with iPhone/Android hook-ups and even satellite TV.
As private jets are constantly moving between locations, the guide prices provided below are based on various data sources relating to the aircraft's last known position. Due to this, not ALL available aircraft are included within the search results. So please contact one of our charter experts for a fixed quotation, as they are aware of all aircraft available in specific locations at any given time.
JetSuite.com, which flies to more than 2,000 airports, aggregates private jet flights with empty seats to offer daily “next-day” deals. You can rent the entire plane — a max of 6 seats — starting at just $536 each way, which shakes out to less than $90 per person. Past deals have included a flight for six people from Oxford, Conn., to Philadelphia for $536.43 (that’s about $90 per person, which includes the 7.5% federal excise tax), a flight for four people from Los Angeles to Cabo San Lucas, Mexico, for $499 (that’s about $124 per person); for four people from Orange County, Calif., to Chicago for $536 (that’s about $135 per person); and for six people from Teterboro (in New Jersey, near New York City) to Nassau, Bahamas, for $1,074 (that’s about $179 per person). (In all of the above cases, to get the per person rate, you must book all seats on the plane.)
For the decade starting in 2017, Aviation Week predicts 11,346 deliveries of business aircraft (jets or not) valued at $250.1 billion, with a fleet growing from 31,864 aircraft to 36,702 aircraft (64% in North America): 4,838 more at an average annual growth rate of 1.6%, with 5,835 retirements. For the coming five-year period, Textron Aviation should lead the market with a 22.8% market share, followed by Bombardier with 20.4%, Embraer with 16.6%, Gulfstream with 15%, Dassault with 8.4% then the rest of manufacturers with 16.9%. There should be 22,190 Engine deliveries, led by the Honeywell HTF7000, Williams FJ44, Pratt & Whitney Canada PT6A Medium, Pratt & Whitney Canada PW300 and the Pratt & Whitney Canada PT6A Large. The average utilization should be 365 flight hours per aircraft per year.