Jet-Alliance refers to our program as a "Fractional Alliance". It is similar to other fractional jet ownership programs, but without so many fingers in the pie. We formed our concept around the needs of our own family and the other families we serve in our wealth advisory businesses. We simply share in the actual costs of ownership and operations of the aircraft that we own together. Included in these costs is a modest administrative fee to Jet-Alliance. As a result, others can now join our Alliance and actually experience "affordable jet ownership".
The purchase price starts at under $100,000 for a 1/16th ownership in an Eclipse 500 Jet. Ownership fees start at $1,355 per month to cover the costs of insurance, taxes, pilot salaries, and other fixed expenses. Finally, there are usage fees amounting to $715 per occupied hour of aircraft operations to cover fuel and engine reserves. There are no charges for aircraft repositioning or "deadheads".
The concept of fractional jet ownership is simple. It's based on the principle of sharing costs with others. For those who still pay attention to finances, it is difficult to justify the sole ownership of an aircraft. Given that most privately-owned executive jets are unused 96% of the time, the justification of owning a jet is further reduced.
It makes better sense to partner with a few others and keep the aircraft flying a higher percentage of the time at a much lower cost to each owner. The only problem occurs when one of your partners has the aircraft in use, just when you need it. The solution is simple; instead of a few owners partnering around a single aircraft, a larger number of owners partner around a fleet of identical aircraft. Thus, when the aircraft you own is in use by another owner, another plane from the fleet is made available to you whenever you need it, 24/7.
When you combine the above concepts with the pricing efficiencies now available with the revolutionary Eclipse 500 Jet, more people can finally afford travel by private jet and avoid the hassles of public transportation. Eclipse Aviation is the first manufacturer to offer equipment in the new Very Light Jet (VLJ) category of aircraft. Jet-Alliance is acquiring a fleet of Eclipse 500 Jets to accommodate its Members' transportation needs.
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