Originally Posted by flyinryan
Now, I went to
www.netjets.com, and found that I can have fractional ownership in a Raytheon-Hawker 400XP (an entry-level biz-jet) for the low, low price of $406,250 per year. That's a 1/16th ownership, or 50 hours per year.
flyinryan, your math isn't quite right. The $406,250 is actually the 1/16 share in the airplane. You own it and you can sell that share just like a car (complete with depreciation.) Netjets than charges you a $11,640 monthly management fee and $1544 per occupied flight hour. That comes to $4337.50 an hour plus depreciation. If we assume a generous $15,000 a year depreciation (for a 1/16 share) that makes it $4,637.50 an hour.
Fractional ownership doesn't really make sense if you're only flying 50 hours a year. You really need flying 250+ hours a year to start justifying it. It would cost you much less to charter the same airplane. You can get into the small jets for about $1500 an hour and it goes up to over $5,000 for Gulfstreams and the like. Your basic point, that chartering jets is very expensive is right on. It
might be cheaper than expensive F fares. But only in following situations:
1) Shorter flights
2) Out-and-back in the same day
3) More than 1 or 2 passengers