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Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. Several management companies provide fractional ownership programs for aircraft, including NetJets, Flexjet, Cirrus Aviation Services, and AirSprint. Alternatively, owners can join together to purchase ...
NetJets, founded by three retired military pilots in 1964 as Executive Jet Aviation, is the granddaddy of fractional ownership and private jets. Since its inception, it has grown from a fleet of ten Learjet 23 aircraft to 10 types of planes and nearly 700 aircraft worldwide—the world's largest private jet fleet.
Flexjet is a provider of fractional jet ownership, leasing, and jet card services as well as private helicopter fractional, leasing and charter services. Directional Aviation, the private investment firm founded by aviation entrepreneur Kenn Ricci, has owned Flexjet since 2013. [2] Headquartered in Richmond Heights, Ohio, Flexjet is led by ...
Over 2,000 Cessna CitationJets have been delivered, making it the most popular line of business jets. View of the cabin, inside a business jet. A business jet, private jet, or bizjet is a jet aircraft designed for transporting small groups of people, typically business executives and high-ranking associates.
The Aircraft Owners and Pilots Association ( AOPA) is a Frederick, Maryland -based American non-profit political organization that advocates for general aviation. AOPA's membership consists mainly of general aviation pilots in the United States. [2] [3] AOPA exists to serve the interests of its members as aircraft owners and pilots and to ...
Owners are responsible for the management and maintenance of their aircraft and often employ a dedicated crew. The aircraft may be operated for personal or business use. [citation needed] Charter flights. Charter flights allow individuals or groups to rent an aircraft for a specific trip, without the need for long-term commitments.
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