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What is Fractional Air Charter?

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Fractional air charter is a term that has been used to describe fractional ownership of an aircraft.
Since a charter is actually a lease type of contract, the proper term is actually fractional aircraft ownership.
What is actually meant by fractional ownership of an aircraft, in its simplest terms, is purchasing a fraction of the ownership interest in a private aircraft so that it may be used whenever it is needed without having to actually buy an entire plane.
Private charter planes are normally used by corporations and other businesses and individuals that prefer the benefits of flying privately over using a commercial airline.
This type of transportation offers the ability to fly to and from a private airport without having to go through the rigorous security methods and deal with all of the other pitfalls of a commercial airline.
Many private charter companies also offer the benefit of being able to book a flight within a matter of hours.
Instead of flying on a plane with many other people that you don't know, a private charter flight is only accessible to passengers who are part of the group that chartered the plane.
Private charter aircraft also cater to their customers needs more than any commercial airline.
Private charters offer amenities like stocked bars, masseuses, computers, business equipment, and just about any other service or item that is requested.
Rates for private charters will usually depend on the size of the plane and the number of passengers.
Fractional aircraft ownership means you are buying into a certain airplane or type of airplane that is part of the fleet of a private charter company.
One of the main benefits of fractional ownership is that even though you are part owner of the plane, the maintenance and other aspects of aircraft management are handled by the company you own the plane through.
Fractional ownership allows for a certain amount of hours per year that can be used based on the percentage of ownership.
Just call and let the charter company know when and where you want your plane and where you want to go and it will be provided for you.
When chartering a private jet, you will have to pay individually for each flight that is booked.
Fractional ownership is usually paid for in either monthly payments or as an annual expense.
Included in these payments will be fees for things such as fuel, maintenance, insurance costs, and pilot costs.
For those who use private charters frequently, opting for fractional ownership of an aircraft can result in not only saving money on flights, but also provides the benefit of having your own private plane available whenever and wherever you want it.
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