Fractional share
A fractional share is partial ownership of a specific aircraft, sold in sixteenths (about 50 hours a year) up to a half share, within a programme that manages a fleet of identical jets. You pay a capital cost for the share, a monthly management fee and an occupied hourly rate, and in return get guaranteed access to any aircraft in the fleet with short notice, usually 8–10 hours. Contracts run five years, after which the provider buys back the share at a residual value that is rarely generous. Fractional ownership fits people flying 50–400 hours a year who want ownership-like tax treatment without running a flight department; below 50 hours a jet card or charter is cheaper.