| |
| |
|
Aviation Information |
|
|
|
A Look at Fractional Jet Ownership
We've all experienced it - the commercial flight. After a mad dash to make it to the airport on time, including the hours allotted for getting through security, where you'll have to take off your shoes, empty your pockets, and prove that your laptop is not a bomb, you sit and wait for a couple hours before they decide to start boarding, and give you the privilege of sitting in the cramped seat that you paid a couple hundred dollars for. The mega-rich have always had the option of private aircraft available to them. If you're Donald Trump, you can think nothing of equipping yourself with a Boeing 727 that costs probably close to $50 Million (not including the costs of pilots, flight attendants, support staff, insurance, fuel, maintenance, etc.). For others, however, the idea of a private jet has been outside the realm of possibility. An exciting concept in private aviation, however, is allowing private jet travel to make more sense for those who have seriously considered it as a possibility. Fractional jet ownership is a fairly new concept. It is based on the idea that an individual can purchase a fraction of a plane, and pay management and operation fees to a company that will be responsible for safety, pilot training, hiring of crew, and all those other things that you don't want (or wouldn't know how) to deal with. Fractional ownership can substantially cut the costs of owning your own aircraft. Fractional jet ownership is provided by a number of companies, including Cessna's CitationShares, Bombardier's Flexjet, and NetJets, the company that started the trend. As consumer interest in fractional jet ownership has increased, so has the competition between these companies. CitationShares and Flexjet are owned by aircraft manufacturers, their respective fleets composed mainly (if not entirely) of the planes they make. NetJets, on the other hand features a broader spectrum of aircraft, and is the industry leader. As such, that's who we'll be focusing on today. It is true that the fractionals substantially cut the costs related to owning an aircraft. That's not to say that private jet ownership is for everyone, however. The primary target of the fractionals consists of those who have considered owning (or sharing) a jet, but found the arrangements too complicated or expensive to justify, as well as those who are used to first class air travel, but want to make a step up. The fractionals are also an attractive deal for mid-sized companies who need the convenience of a private aircraft without the premium price. According to NetJets's website, purchasing a 1/8 share in a Raytheon Hawker 400XP would set you back $793,750 plus a $10,582 monthly maintenance fee, and an hourly charge of $1,501. That 1/8 share works out to about 100 occupied hours per year. Yeah, it's expensive, but when you consider the price of seven first class tickets from New York to Miami, it suddenly becomes more reasonable. In fact, as a little experiment, I attempted to get the price on such a flight on very short notice. NetJets claims that your plane will be waiting on the tarmac within 6-12 hours notice. With a commercial carrier, I was unable to find a next-day flight, I was unable to find first class seating, and on one airline, I was informed that a return flight wouldn't be available until a week after the date I requested. If short notice flights are commonplace in your life, NetJets offers the solution. Let's say, however, that you aren't interested in a small aircraft like the 400XP. What if you want something that can fly from New York to London non-stop? Well, just step into one of NetJets's large cabin aircraft. If you are lucky enough to afford these multi-million dollar jets, you will enjoy the highest degree of luxury. The Gulfstream 550, for example, is the latest and greatest in Gulfstream's line of long-haul private aircraft. Aboard, you will find a satellite telephone, video monitors, a DVD entertainment system, data ports, a fax machine, and whatever else you need to run your operations (or enjoy some well-deserved down time) at 30,000 ft. Naturally, the Gulfstream 550 also offers a full service galley, as well as a flight attendant for you and 13 others. The final frontier in fractional ownership is the Boeing Business Jet (BBJ). If you've ever flown on Boeing's popular line of 737 airliners, you know how big the BBJ is. That's because the BBJ is actually a gutted 737, which is then outfitted with the latest in in-flight luxury. In fact, the BBJ is even available with a boardroom, bedrooms, and a shower. Yeah..... a shower. Nothing says success like the ability to roll out of bed, take a shower, eat a nice breakfast - all while you cut through the air at 528 mph. If the $50,000,000.00 price tag (full price) is a little disturbing, owning a fraction with NetJets can take a large chunk out of it. Fractional shares start at 1/16 of a share, which can be as low as $369,875 in a Hawker 400XP. That's 50 hours of flying time. For those who don't want the commitment (or the cost) of buying a fraction, NetJets has implemented a lower-cost solution that they call the Marquis Jet Card. The Marquis Jet Card starts at $109,900 for 25 hours in a Cessna Citation V. With the Marquis Jet Card, required notice jumps up to 10 hours, which is still much better than anything the airlines can offer. The card offers the convenience of chartering an aircraft, with the peace of mind that you get from NetJets's safety standards. Other fractional carriers also have prepaid jet cards, so this is a [somewhat] affordable solution for those who don't want to deal with the monthly or upfront costs of ownership. If you decide that fractional ownership is for you, be warned, you should thoroughly investigate the pilot training, safety procedures, aircraft, and management services that each company offers before making a decision. The big three, NetJets, CitationShares, and Flexjet, offer excellence in each, but some newer fractional start-ups may not be up to snuff. Remember that your security and safety is paramount, and if you feel that it's inadequate with a particular company, take your business elsewhere. If you're serious about making a fractional jet purchase, and live nearby to their operations, don't hesitate to ask for a tour of their aircraft and facilities, they should be more than happy to accommodate you. Many fractional operators hold regular events around the country in which prospective buyers can take a look around the aircraft and the service that they offer. Fractional jet ownership offers the best of luxury, security, and functionality without the premium total ownership requires. If you've been considering buying or chartering private aircraft, fractional ownership just may be for you. Jonas Elmerraji is the founder and editor of growFolio, the world's first free online investment and business magazine. Issues are available online at http://www.growfolio.com
MORE RESOURCES:
Aviation - Google News |
|
|
|
RELATED ARTICLES
Inflatable Slots for STOL Short Take Off and Landing Aircraft are extremely valuable in commercial, private, government and military aviation. It is important for safety and for performance. A380 Bathrooms Bathroom seat with a view; That's right! The all-new A-380 is trying to make air-travel fun again, with a bathroom with a view. But Airbus is not the only commercial aircraft company, which has their shit together. Lockheed Loitering Missile Expandable Wing Concept Smart Missiles are expensive, but effective. Efficiency in the the new paradigm of the net-centric warfare will yield results to those who pay attention and do not waste assets. Aluminum Cleaner for Aircraft Detailing by Alcoa There are many choices for aircraft detailing when it comes to aviation uses. One product we like after tying them all out was a product by Alcoa Corporation. A Look at Fractional Jet Ownership We've all experienced it - the commercial flight. After a mad dash to make it to the airport on time, including the hours allotted for getting through security, where you'll have to take off your shoes, empty your pockets, and prove that your laptop is not a bomb, you sit and wait for a couple hours before they decide to start boarding, and give you the privilege of sitting in the cramped seat that you paid a couple hundred dollars for. Overcoming Jet Lag Jet lag can be one of the worst, and certainly one of the most frustrating, aspects of long distance travel. Also called desynchronosis (meaning "out of time"), jet lag occurs when travellers pass through multiple time zones, arriving several hours ahead or behind their "home" time. Starting an Aircraft Washing Business So you love airplanes and you want to start an aircraft washing service? I cannot blame you, as I did the same thing. After cleaning Thousands of aircraft over the years, I have paid for my flight school, first aircraft and then started an aircraft washing franchise as a module of another franchising company I had founded. Flying With Your Dog A pet owner must research the many requirements before taking a dog on an airplane. Different airlines have slightly different regulations, but most airlines follow the same basic set of rules in regards to flying with a dog. Sex in a Cessna, Part II Sex in a Cessna or any light plane can be exhilarating and since your flight instructor never trained you how to do this you will need to read all of this several part series of articles, we do not want you screwing things up so to speak. In part one, we explained the need for a practice area and separation between other aircraft, staying out of flight path of other aircraft and setting the aircraft up in level flight. Top Ten Secrets to Saving Big Money in the Airline Flights Do you know that some people travel around the country and abroad, for both business and pleasure, and save bundles of money in the process?They do that by using little known ways of really taking advantage of the most popular form of transportation - airline flights.They don't rely on the ever-famous "airfare price-wars". 5 Tips for Stress Free Long Haul Flights The world is becoming smaller by the day. Flying long haul to distant locations for business or pleasure is becoming increasingly more popular. How Cheap Can You Get? Try Online for Cheap Air Tickets Most consumers feel the airline travel is very costly. We can end up spending a fortune when we add up the various costs, such as flights, accommodation, taxes and insurance, hotel services and car hire. Several Facts to Obtaining Cheap Airfares AirfaresNeed a vacation but dont want to stay around town? Want to go somewhere exotic, somewhere different? Want to fly but worried about the airfare? Sourcing the cheapest airfare available has been made easier with competition growing between travel agencies as people realize that a vacation need not be all that expensive. Airfare can be a hindrance to the best of vacation plans but it need not be. International Corporate Catering Guide One of the more challenging aspects of being a flight attendant is providing in-flight service excellence to your customers. When operating out of familiar territory selecting a highly regarded caterer is usually not a problem. Downed Pilots Hibernating From the Enemy When we watch Oliver North's "War Stories" or the "Wings Discovery Channel" we often see the problematic issues with downed pilots trying to evade the enemy. They have limited if any food supply and lots of people looking for them. Entering Business Aviation, Part IV: Crafting a Resume Writing a résumé can be one of the most daunting parts of any job search. Quite frankly, it is one of the most important elements in helping you finding work. Automated Following Jump System for Paratroopers, AFJS There are many problems of safety in paratrooper drops. Many times night jumps are done or drops are made into the battlespace under low visibility. Hypersonic or Ultrasonic Sound to Disrupt Laser Beam Attack on Commercial Airliners In large buildings to prevent sound pollution often double paned glass is used with music or flowing air between the panes, this works very well and is sufficient to prevent the noise. Since many commercial airliners have double paned glass already if we are careful to watch the harmonics as to not cause structural problems to the aircraft (remember the Comet), then we propose hypersound or ultrasonic sound within the panes to prevent laser light from entering the cockpit and inhibiting or blinding the pilots. The History of the Aircraft Wash Guys, Part One Business scholars and students throughout recent periods have studied the fascinating business model of franchising. In the most history of commerce under a common currency from Amsterdam forward to the Global Power House of the United States of America we have seen franchises lead the way. Airline Security; Stewardesses The Last Line Of Defense! Introduction:It might come as a chock to many people, including the Stewardesses, but the fact remains that in today's Airline Industry, the Stewardess is the last line of defense!In the 11th of September terrorist attacks, on the WTC and Pentagon, the first victims were the Stewardesses. Savagely attacked by the terrorist on their way to the cockpit's and tortured to pressure pilots, to comply with the terrorists demands.
|
| home | site map |
| © 2006 |
