Alternatives To Full Ownership Of Corporate Aircraft
There is little that costs more than owning a corporate jet. The cost of owning is just high. The costs for a corporate aircraft extend far beyond the purchase price, there are continuing costs like maintenance, pilots, fees, fuel, insurance, etc. All these fees add to the expense and assure it to be cost prohibitive for most anyone to own a private jet. Many who think that they can afford a corporate jet soon learn that owning is cost prohibitive. This new understanding shortens the length of time they own a private jet. It is especially short if there is a financial reversal of fortune.
Corporate jet ownership has absorbed a public relations beating of late. More specifically, the criticism has been leveled at corporate ownership of private jets. Most likely because huge corporations are the only ones who can afford to keep corporate jets for any decent length of time. The ownership and cost of a corporate aircraft seems like an extravagance to public company shareholders. Congress has tuned into this perception and started to criticize company executives who fly aboard private jets. While the politicians fly, hypocritically, in corporate aircraft owned by companies. The news finds this displeasure either by politicians or shareholders then reports it to the world.
An alternative to owning a corporate jet is termed fractional ownership. This is where one purchases a part of a jet along with other owners. But an owner is not stuck flying the one aircraft they have part ownership in, they have access to a whole fleet of jets. The fractional jet program that an owner buys into offers all the aircraft to all the members of the program. This provides the fractional owners numerous options of aircraft as may be needed on different occasions. One may require a larger jet with more seating or owners could use a smaller jet to leave in a moment's notice. There's a whole fleet that is available for travel in the US. The charge to the owners is for fuel expenses and flight time.
Another fiscally sensible alternative to fly on a corporate jet doesn't have an ownership trait at all. A jet card is basically a prepaid account where flights are deducted from. So, like a fractional jet program a person gets access to an entire fleet of jets and a jet can be available with 5 hours notice anywhere in the United States. As a matter of fact a lot of jet cards utilize fractional jet program to fulfill their obligations. The tremendous fiscal benefit is as soon as the jet card is bought there are no ongoing expenses. Unlike a fractional jet program where one has the high cost of buying a fractional share and then there's the ongoing expenses of fuel and flight time.
There are many options to private aircraft ownership where someone can enjoy the luxury and status of a private aircraft.
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by: Ida Rolling
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Date: Sat, 20 Feb 2010 Time: 2:22 PM
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