Jet Card Programs vs Private Jet Charter
When faced with a need for a private aircraft, you will find many options to choose from, and each has it’s own advantages and disadvantages. The three major options are: fractional ownership, jet card services, and air charter. Other methods of buying private jet flight time do exist, but generally will fall under one of the previous three categories for the sake of simplicity.
First, let us discuss fractional ownership, which requires an upfront payment of at least 1/16th of the aircraft’s valued price and will allow you to have a percentage of hours on the aircraft. Now for some parties interested in owning a private jet, fractional ownership is a cost effective solution if your travel schedule is predictable.
Though most fractional ownership providers claim that their service is like owning an aircraft with no need to worry about upkeep or management, these companies charge a “monthly management fee” and require “at least 4 hours notice before a domestic departure”, this added with a heavy entry fee and a limited fleet of aircraft make fractional ownership not for everyone, mainly frequent private travelers with a set daily or weekly route can opt for such type of charter. For more information about what fractional ownership of a private jet entails, please consult our Fractional Ownership vs. Private Jet charter analysis.