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Follow on Google News | Arik Kislin lends insight into Fractional Aircraft OwnershipFractional aircraft ownership is the most effective way of ownership of an aircraft with only a fraction of the expense.
By: Barbara Klein 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. # # # 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. End
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