Private Jet Ownership

Paper Summary:

For many years, the benefits of owning a private jet have been limited only to the largest companies and the wealthiest individuals. Private jets are expensive to purchase, require intensive (and costly) maintenance, and demand that highly skilled professionals be available to serve as crew.

From the Paper:

"Introduction
For many years, the benefits of owning a private jet have been limited only to the largest companies and the wealthiest individuals. Private jets are expensive to purchase, require intensive (and costly) maintenance, and demand that highly skilled professionals be available to serve as crew. Despite these drawbacks, the advantages, such as having access to international and domestic travel without relying on commercial carriers' schedules, can be significant. In recent years, however, there has been a growing trend toward fractional ownership of aircraft. This approach (which is similar to time sharing) makes it possible for companies and individuals with more limited resources to have access to private jets than has been historically possible. This research focuses on the marketing of fractional ..."

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