When it comes to private aviation, there are several options available to those looking to fly privately. Two of the most popular options are private plane charter and fractional jet ownership. Both offer the luxury and convenience of private flights, but they operate in very different ways. Private plane charter is a pay-as-you-go service, where you rent a plane for a specific flight or set of flights. On the other hand, fractional jet ownership allows you to purchase a share of a specific aircraft and have access to it for a certain number of flight hours per year. In this article, we will take a closer look at the differences between private plane charter and fractional jet ownership, including the costs, benefits, and drawbacks of each option.
Private Plane Charter
Private plane charter is a pay-as-you-go service, where you rent a plane for a specific flight or set of flights. This option is ideal for those who don’t fly frequently or need the flexibility to choose different types of aircraft depending on their needs. With a private jet charter, you can typically book a flight with as little as 24 hours notice, and you only pay for the flight time you use. You also have a wide range of aircraft to choose from, including jets, turboprops, and helicopters.
- it can be more expensive in the long run for those who fly frequently, compared to fractional jet ownership
- The lack of guaranteed access to a specific aircraft, as the aircraft you want may not be available when you need it
- Private plane charter is ideal for those who fly infrequently and need flexibility
- Strict cancellation terms, specifically for one-way flights in which are concealable and non-refundable
Fractional Jet Ownership
On the other hand, fractional jet ownership allows you to purchase a share of a specific aircraft, typically ranging from 1/16th to 1/2 ownership. With fractional jet ownership, you have access to the aircraft for a certain number of flight hours per year. This option is ideal for those who fly frequently and need guaranteed access to a specific aircraft. With fractional jet ownership, you’ll have a dedicated flight crew, and you’ll be able to customize the interior of the aircraft to your liking.
- Allows you to purchase a share of a specific aircraft, typically ranging from 1/16th to 1/2 ownership
- Access to a dedicated aircraft for a certain number of flight hours per year
- Dedicated Flight Crew
- Better control of flight schedule
- high commitment required, as you will be required to purchase a share of an aircraft, which can be costly and may not be suitable for those who fly infrequently
- High maintenance and storage fees of the aircraft, even when not in use
Conclusion
In summary, private plane charter is ideal for those who fly infrequently and need flexibility, while fractional jet ownership is ideal for those who fly frequently and need guaranteed access to a specific aircraft. Both options have their own set of advantages and drawbacks, and it ultimately depends on the individual’s flying needs and budget.
Interested in a private plane charter or fractional ownership? Velox Air Charter offers straight-forward, cost effective private plane charter, aircraft acquisition, and aircraft management for aspiring aircraft owners or existing ones. Contact us today for a tailored solution.
