- Flexjet sells partial possession of personal planes for a set variety of flying hours.
- This enables individuals to fly privately for cheaper than the price of full jet possession.
- I toured certainly one of Flexjet’s $23 million Embraer Praetor 600s. It prices about $10,000 hourly.
Proudly owning a non-public jet is financially not possible for most individuals. However there’s one other approach to fly non-public that may be rather more accessible: fractional ownership.
This mannequin permits firms or people to separate “ownership” of a private plane by shopping for right into a set quantity of yearly hours after which paying the hourly price after they fly. The operator covers ongoing prices like staffing and upkeep.
That is the core enterprise mannequin of Flexjet, a US-based non-public plane operator with a fleet of greater than 270 planes. It affords a variety of choices, together with Embraer gentle jets, Sikorsky helicopters, Bombardier Challengers, and the ultra-long-range Gulfstream G650.
Amongst Flexjet’s most up-to-date additions to its US portfolio is the $23 million Embraer Praetor 600. It is an improved variant of Embraer’s Legacy fleet and builds on its Praetor 500 sister jet with ultramodern avionics, a bigger cabin, and an extended vary.
Enterprise Insider toured a Flexjet Praetor 600 at Westchester County Airport in New York on Wednesday to see what it affords prospects.
