If you have the bank account for it and are considering fractional ownership in a private plane, ask yourself:

1. How much more productive time will I gain? Having access to your own plane certainly reduces the amount of time required to fly because you don't have to wait at the airport for boarding or layovers, go through security, be delayed for overbooking, etc.
2. How much do you fly? As a rule of thumb, if you fly between 50 to 500 hours a year and/or you need to be able to fly out of multiple locations, then fractional ownership can meet your needs
3. Can you afford it? Generally, fractional ownership costs at least $200,000 for the smallest share of a plane, which entitles you to a certain number of hours each year for a multiple-year contract. Also, expect monthly maintenance costs and other fees.

Action Steps
The best contacts and resources to help you get it done

Tips & Tactics
Helpful advice for making the most of this Guide

• If you already own one or more private aircraft and need more flexibility or more flying time, but don't quite need another plane, then fractional ownership can solve your problem.
• Amenities on the plane include such things as refreshments, daily newspapers, entertainment centers, and super-comfortable seats.
• When considering companies, ask about how much advance notice is needed to schedule a flight, any restrictions such as locations, holidays, number of passengers, etc., penalties for cancellation of contracts or flights, etc. These details vary widely.
• Check with your accountant before you buy. The IRS regulates the use of private planes stringently.