Among the number of private jet travel options out there today, fractional jet ownership remains as relevant as ever due to its inherent ability to provide added value on so many crucial levels. Owners are able to purchase only the amount of aircraft needed — starting at 1/16 of an aircraft for 50 hours of flight time annually — with each flight tailored specifically to their requirements and managed personally by their chosen fractional program provider. Each owner has the option to utilize multiple aircraft at the same time, which can prove critical when moving large groups. Ultimately, those who invest in fractional jet ownership need a level of control and flexibility that simply cannot be matched by non-ownership aviation solutions.
Now, as cautious optimism continues to spread, we are seeing a growth trend. A number of those who left during the economic crisis now have the financial security to re-enter the market. Yet, today's fractional customer has changed. Amid the growing transparency and availability of information, customers are becoming better educated about aviation management services and products. They are savvier than ever before, looking for true value and trusted allies to help them make a wise investment. For this reason, we have identified five essential criteria to consider when choosing a private aviation solutions provider. We call them the "Five A's of Fractional Jet Ownership."
It is critical to know the average age of the company's collection of aircraft, which impacts everything from inclusion of the latest technological advances and the highest safety standards, to overall cleanliness. For example, Flexjet offers access to the youngest aircraft in the fractional jet ownership industry, averaging approximately five years of age.
Will the aircraft be primarily used for short legs with an individual or for longer-range trips with a group onboard? Will they fly on dedicated program aircraft — those that are completely maintained by the fractional program manager — or those outsourced by charter programs in the general marketplace?
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