Air Share Programs vs Private Jet Charter
Air Share Programs vs Private Jet Charter Air share options offered by private jet charter companies have become a buzz-word since early this year again. These programs, which were more often called fractional ownership had become popular years ago, and were reintroduced under a new name to avoid the negativity surrounding the subject of fractional ownership. We have already disproved the viability of fractional ownership in this article here: Fractional Ownership vs. Charter of Private Jets. Now, for new customers and interested parties entering the market, air share programs are a program in which customers pay a fee based on the type of plane they would like to lease and then pay for a set number of hours. At a first glance, air share programs sell at an overall hourly rate slightly lower than traditional charter. And this is the reason air share programs have developed momentum recently. Let’s compare air share to traditional charter. With traditional charter, I am not locked to a certain aircraft type, and I can request any specific aircraft I wish. Whereas with an air share program, I am locked into an aircraft category. It remains up to the company offering said air share program to choose which aircraft are in which category. For example, a super mid sized jet would often be marketed as a large jet, meaning you would be paying a rate based on a large jet’s hourly rate, in this scenario, you, the customer would assume a large jet hourly rate is around $5,000 to $10,000. this said share carrier would offer a super mid sized jet which retails for $3,200 to $4,000 per hour, under the premise that this is a large jet, when it