{"id":63046,"date":"2017-07-04T16:38:53","date_gmt":"2017-07-04T16:38:53","guid":{"rendered":"https:\/\/www.stratosjets.com\/blog\/\/"},"modified":"2023-11-23T10:27:15","modified_gmt":"2023-11-23T10:27:15","slug":"fractional-ownership","status":"publish","type":"post","link":"https:\/\/www.stratosjets.com\/glossary\/fractional-ownership\/","title":{"rendered":"Fractional Ownership"},"content":{"rendered":"<p>The fractional ownership of an aircraft occurs when several owners share the private jet timeshare cost. This includes purchasing, leasing, and operating the vessel. Essentially, the owners purchase a share of the aircraft instead of having to fully pay for it on their own. Oftentimes the owners will have a certain amount of guaranteed hours of use available to them per year for their paid share.<\/p>\n<h2>Additional Ownership Costs<\/h2>\n<p>Although an owner may own a portion of the aircraft, there are a few other factors added into the private jet timeshare cost. This can include things like:<\/p>\n<ul>\n<li>Monthly maintenance fees<\/li>\n<li>Hourly operating fees<\/li>\n<li>Cleaning fees<\/li>\n<li>Remarketing fees (if the share is sold back after contract completion)<\/li>\n<li>Catering costs<\/li>\n<\/ul>\n<h2>Fractional Ownership Perks<\/h2>\n<p>There are a number of reasons why a person may consider becoming a fractional owner of an aircraft. Some of the perks can include:<\/p>\n<ul>\n<li>Access to an entire fleet of planes and jets<\/li>\n<li>The ability to sell the share back once the contract is over<\/li>\n<li>Ability to book a flight with only a few hours\u2019 notice<\/li>\n<\/ul>\n<p>However, some argue that hiring a private jet charter can be more cost efficient than partial ownership of an aircraft. Which is a better option depends largely on the needs of the client.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fractional ownership of an aircraft occurs when several owners share the private jet timeshare cost.","protected":false},"author":2,"featured_media":60986,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1402],"tags":[978],"acf":[],"_links":{"self":[{"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/posts\/63046"}],"collection":[{"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/comments?post=63046"}],"version-history":[{"count":1,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/posts\/63046\/revisions"}],"predecessor-version":[{"id":94021,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/posts\/63046\/revisions\/94021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/media\/60986"}],"wp:attachment":[{"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/media?parent=63046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/categories?post=63046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/tags?post=63046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}