There are many types of fractional ownership
of Aircraft 'time share'
and block hours schemes available, but in reality there are few, if any,
advantages to fractional ownership over private air charter.
While it may seem that ownership, even partial ownership
of a private aircraft affords unparalleled convenience, the reality is
far different. Whether the issue is a last minute booking, scheduling
an intricate itinerary, or making certain that specific requirements are
attended to, private air charter can generally meet or exceed the
services offered by a fractional broker. For example, while many
fractional companies offer an 8 hour booking to take-off guarantee,
Air Charter typically can provide an aircraft
within 2.5 hours. With over 55,000 private aircraft in our
worldwide network, you have unparalleled choice.
While the hourly charge of flying your fractional
aircraft may seem lower than private air charter, the true story is more
complicated. Consider the fees the owner of a fractional must pay: in
addition to the purchase of the share in the aircraft, there are also
monthly maintenance and operating fees, along with insurance. And on
top of all that, you will still pay an hourly fee for flight time. In
contrast, when you book a flight through Air
Charter, all you are paying for is the flight. When you add up
all of these costs, AC's hourly rate may be one-half to one-third less
than the typical fractional aircraft company's total hourly rate for a
similar class of aircraft. You should also be aware that the monthly
operating expenses charged by fractional companies are generally much
height than their actual costs of maintaining and operating the
aircraft. Also, when the fractional company sells the aircraft at the
end of the term of your contract, you will only recoup a fraction of
your original investment. With Air Charter there
are no hidden fees. You will be quoted the total cost of the
flight - and that's all there is to it!
The concept that the fractional company's aircraft are
all brand new, so therefore must be safer, is a myth. Our entire
network of aircraft are rigorously maintained according to CAA
standards, and each is equipped with the latest avionics, including GPS
and TCAS to ensure your safety.
It is simplistic to believe that fractional ownership
is equivalent to owning your own aircraft. It would be similar to
owning a time-share apartment and believing you own the whole resort.
The truth is, while you technically own a share in a particular
aircraft, in effect you have a contract with the fractional company that
allows you to use any equivalent aircraft in the company's fleet for a
specified number of hours each year. You will rarely, if ever, fly on
the aircraft you partly own. And, unlike an aircraft you own, you have
no say over who uses 'your' aircraft and how often it flies or how far
it goes. All of those decisions are in the hands of the fractional
company managing the program.
charter is clearly the much more economical and convenient choice.
There are many plans for selling blocks of air travel
time, and more are invented every day. But rarely are there any
advantages over ad hoc private air charter. The problem with schemes
like charter block membership is that, like fractional ownership, they
require the prospective company to pay a great deal of money up front.
The saving you will make by
traditional private air charter, as and when you need it, is substantial
- and without any commitment at all.
Air Charter has reviewed the various options
available and the independent findings are listed below: