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Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. Several management companies provide fractional ownership programs for aircraft, including NetJets, Flexjet, Volato, [1] PlaneSense, and AirSprint. Alternatively, owners can join together to purchase their ...
The 1980s only saw the introduction of derivatives and no major new designs. Also there was an advent of fractional ownership in the late 1980s for business jets. For much of the 1980s, sales of new aircraft slumped. 1990s first flight. On 29 April 1991, the Cessna CitationJet was first flown.
Fractional ownership. Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved.
AirSprint is a Canadian company that offers fractional ownership and management of private business jet aircraft. AirSprint was founded in 2000 as the first fractional aircraft ownership company in Canada by current Chairman, Judson Macor. Today, AirSprint operates the youngest fleet of fractional aircraft in North America and is the largest ...
NetJets Inc. is an American company that sells fractional ownership shares in private business jets. [6] Founded as Executive Jet Airways in 1964, it was later renamed Executive Jet Aviation. NetJets became the first private business jet charter and aircraft management company in the world.
The Tax Cuts and Jobs Act, passed during the Trump administration, allowed for 100% bonus depreciation and expensing of private jets — which allowed taxpayers to write off the cost of aircraft ...
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