Fractional owners are not responsible for employing pilots, cabin crew and flight operations coordinators or administering maintenance. The program provider also handles the day-to-day responsibility of paying airport and hangar fees and insurance, although fractional owners contribute an agreed-to monthly and hourly fees toward these costs. Annual increases are based on Consumer Price Index increases, thereby eliminating any large expenses that a dedicated aircraft owner might face. Fractional owners also do not have to pay a “deadhead cost” — that is, any costs incurred from positioning the aircraft to their departure point.
As an added benefit, some fractional plane ownership programs offer owners the option to upgrade or downgrade the size of the aircraft depending on their trip requirements.
