fractional aircraft ownership agreements

Fractional aircraft ownership agreements allow multiple individuals or businesses to jointly own a share of an aircraft, reducing costs and responsibilities associated with sole ownership. Each owner purchases a fraction, typically based on the number of hours they expect to fly annually. This agreement covers maintenance, management, and operational costs shared among owners. Additionally, owners often benefit from access to professional pilots and concierge services. This model makes private aviation more accessible, allowing participants to enjoy the benefits of owning an aircraft without the full burden of sole ownership while still enjoying the convenience and luxury of flying privately.