On-Demand Private Jet Charter vs. Private Jet Fractional Ownership

Commercial flying can be stressful and unpredictable. That is why many people choose private jets instead of traditional commercial flights.

With a private jet, your flights are more on your terms. There are numerous options available in the private sector, including on-demand private jet charters and private jet fractional ownership.

In this blog, we are going to compare these two options so you can choose which option would work best for your lifestyle.

What Is Private Jet Fractional Ownership

Private jet fractional ownership is often compared to being part of a timeshare. With fractional jet ownership, you own part of a jet or fleet of jets and are allotted a certain amount of flight hours. Fractional jet ownership first got its start in 1986 when Warren Buffet started NetJets. It became a great option for those who enjoyed the luxury of private flying but could not or did not want to pay for the entire cost of a personal jet.

However, like a timeshare situation, difficulties arise with the “sharing” part of fractional ownership. Some owner groups have trouble sorting out popular flying times and scheduling conflicts.

Pros and Cons of Fractional Ownership

Private fractional jet ownership has some distinct benefits and drawbacks. You will need to evaluate each of these to decide if this is the type of private jet experience you want.

These are some of the benefits of fractional ownership: 

• You share in the cost of ownership, jet maintenance, and depreciation.
• The cost of fractional jet ownership is lower with low utilization.
• You may get the benefits of a fleet, while only paying for a share in one jet.

Even with these benefits, there are considerable drawbacks to fractional ownership:

• You have a long-term commitment with a typical contract between 3 and 7 years.
• Managing shared flight hours during heavy travel dates.
• The upfront cost of ownership is usually more than $100,000.
• The more you fly, the more expensive your ownership may be.
• Lack of flexibility for some destinations, including international flights.

What Is On-Demand Private Jet Chartering

On-demand private jet charters are not a new idea. However, in recent years the way they work has greatly improved thanks to advancements in technology and customer service. With on-demand private flying, you will work with a private jet broker who will help you find the flights you need. Private flying can give you a more customized flying experience than flying commercially.

Pros and Cons of On-Demand Private Jet Charters

The popularity of on-demand private jet chartering continues to grow. Businesses and private individuals are recognizing the benefits that come from private flights. If you are looking for a new way to fly, on-demand private flights are an excellent choice.

Here are some of the benefits of on-demand private flights:

• You only pay for the flight hours you use.
• Ideal for flyers that only use 50-500 flight hours per year.
• No upfront costs, time commitments, or contracts.
• No investing in a depreciating asset.
• Greater flexibility in choosing your desired aircraft, flight days, and hours.

While on-demand private flying has numerous benefits, there are still some downsides:

• May require more planning to finalize flight details.
• Less flexibility for canceling flights.
• You will need a broker who can provide backup flights to ensure flight reliability.

Trust Jettly to Help You Transition from Fractional Jet Ownership to the Freedom of On-Demand Flying

If you have been dissatisfied with your fractional private jet ownership, or you want to try private flying for the first time, Jettly can help you find the joy of flying again. We make it easy to book private charter flights through our on-demand booking options. Jettly even offers membership packages that give you access to even more private flying benefits.

Ready to explore the friendly skies again? Contact us for flight pricing or to become a Jettly member. 

‍