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.
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