They say that money can’t buy everything, which may be true. However, it can certainly buy you a lot of timesaving, just ask anyone who has participated in fractional jet ownership, which can most easily be described as a “flying timeshare.”

So how exactly does fractional jet ownership work? A company or individual customer buys a fractional interest in an airplane, just as they may purchase partial ownership of a vacation spot condominium. With this purchase they can then use this or a similar aircraft for a specified number of hours and/or days out of the calendar year.

Generally, if you plan to fly 200 hours or less annually, fractional ownership can be a good option for you. Also, as an owner, you won’t have to worry about a lot of the stuff that goes into private aircraft ownership. For instance, the aircraft management company will provide pilots, insurance and maintenance for your plane. They may also provide catering and other great services.

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