Arik Kislin lends insight into Fractional Aircraft Ownership

June 9, 2010 - PRLog -- Fractional ownership is like resort time-sharing.People can purchase a portion of a particular jet aircraft and are charged a purchase fee, a monthly maintenance fee, and a per hour flight time fee.

Here’s how it works:

   * Acquisition Fee: a one-time purchase fee. The fractional fees generally start at 1/16th for 50 hours of flight time per year .
   * Monthly Maintenance Fee: a set monthly fee to cover general aircraft operating costs such as hanger fees, license, maintenance, support, and crew.
   * Flight Time Fee: a set per hour flight cost to cover the flight fuel, maintenance, catering, and airport landing fees.  
   * Other Charges: fuel surcharges, Federal Excise Tax on flight hours, and fees associated with international travel.
   * Contract: there is generally a term agreement of at least a five year commitment.

"You receive all of the advantages of ownership, but pay only a portion of the jet's upkeep. Moreover, you never have to worry about the mundane aspects of maintaining, crewing and caring for a jet,"said Arik Kislin, Principal at Linx Industries.

Fractional Ownership guarantees availability for a fair share of the aircrafts available time and, if the users are able to plan ahead and schedule in advance, it offers some significant cost advantages. It requires a concentration of users in a given geographical area. Clients can select the right aircraft for each trip: heavy jets for long trips; light jets for shorter trips. The flexibility to use a different size jet from among the finest corporate jets in the industry is just one of the reasons to consider Fractional Ownership.

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About Arik Kislin
Arik Kislin is a self-made real estate investor, developer and entrepreneur. Arik Kislin is a principal with Linx Industries, a diversified investment company which includes JetFlight International, a Private Aviation Charter and Management Company, The Gansevoort Hotel Group, and Ocean Blue Management. Mr. Kislin began investing in a financial services firm active in the distressed debt market which manages assets in excess of $2 billion. Arik Kislin is a member of the New York Friars Club.