Owning a time share jet is not that complicated. It is similar to buying a time share condo but with more flexible times.

You purchase a fractional asset -- a share in an aircraft that is specifically crafted to meet your specific transportation requirement. Factors taken into consideration are the number of hours you will require annually, frequency of travel, number of usual passengers, and specialised requirements such as snow crews, landing strips and other outfitting for climate.

Your share in your fractional asset is based on the number of occupied flying hours that you bank:

An example of how jet time share ownership works is as below:
50 occupied hours = 1/16 interest = 250 hours over 5 years
100 occupied hours = 1/18 interest = 500 hours over 5 years
200 occupied hours =  1/4 interest = 1000 hours over 5 years
400 occupied hours = 1/2 interest = 2000 hours over 5 years
800 occupied hours = 8/8 interest = 4000 hours over 5 years

Another good thing is that you retain financial and legal control over your fractional asset, which is a specific aircraft.  Your aircraft is registered with the Federal Aviation Administration (is You will acquire an undeveloped lien free interest in this aircraft, the same way you would in a "tenants in common" or time share agreement. This means your ownership cannot be affected by the financial situation of other owners.

Unusually you sign a management agreement with the time share jet company that allows you to renew your ownership at monthly and hourly rates.  A monthly management fee covers all fixed costs such as insurance, storage in a hangar, pilot training, refurbishment, regular maintenance and administration.

You are only charged for the hours that you actually occupy the airplane. Your occupied flying hours include aircraft maintenance, landing fees, catering, pilot and crew fees and the other necessities of flying. There are no hidden costs.

Ally flight crew management, trip scheduling, ground maintenance, time-share staff manages ground transportation and maintenance. Owners do not have to bother with administrative or management responsibilities and concerns.

7In terms of a property purchase, the process can be compared to buying a time share condo with the exception that if an aircraft is not available for some reason, a comparable or larger aircraft will be substituted for your use. Depending on your requirements, an aircraft can be dispatched to you with as little as four to six hours notice.

If you decide to leave the program for any reason, after your minimum obligations are met, the jet time-share company usually guarantees to repurchase your ownership at a fair market value less any marketing fees. This value is determined by the market value of the aircraft multiplied by the fractional interest you own in the aircraft.