Fractional jet ownership is one of the fastest-growing sectors in private aviation. For those who fly frequently but want to avoid the full cost and responsibility of whole aircraft ownership, fractional programs offer the perfect balance of access, control, and convenience.
In this comprehensive guide, you’ll learn what fractional jet ownership is, how it works, who it’s right for, and what to expect as a fractional owner. We’ll also introduce you to the all-new Magellan Jets Fractional Ownership program, featuring the Bombardier Challenger 850; one of the largest and most luxurious heavy jets in the skies.
What Is Fractional Jet Ownership?
Fractional jet ownership allows individuals or companies to purchase a portion, or “fraction”, of a private jet. This share entitles the owner to a set number of flight hours annually, typically ranging from 50 to 400 hours, depending on the size of the share and the aircraft type. Contracts usually range from 3 to 7-year terms.
Rather than owning, managing, and maintaining a full aircraft on your own, fractional ownership lets you enjoy many of the benefits of private jet ownership, like guaranteed access, luxury service, and consistent aircraft, without the overhead or operational responsibility.
How It Works
- You purchase a share in a specific aircraft model through a professional Part 91K Operator.
- Your share equates to a set number of guaranteed flight hours per year.
- The operator handles the logistics of aircraft maintenance, crew hiring, scheduling, and compliance.
Why Is Fractional Jet Ownership So Popular?
According to industry reports, fractional private jet usage has grown by over 60% since 2019, driven by a desire for more consistent, more private, and more reliable travel for frequent fliers. Fractional programs appeal to a range of users, from corporate executives to athletes, entertainers, and high-net-worth families.
Key Benefits:
- Cost Efficiency: Get the benefits of jet ownership without the need to fly 500+ hours a year. Fractional ownership is ideal if you fly closer to 50 hours annually. Pay only for the hours you need.
- Peace of Mind: No need to worry about aircraft upkeep or regulatory compliance.
- Time Savings: Guaranteed availability means less time planning and waiting.
- Predictability: Fixed hourly rates and stable contract terms simplify budgeting.
- Luxury and Consistency: Fly in the same aircraft model every time with concierge-level service.
Is Fractional Jet Ownership Right for You?
This model is ideal for:
- Private flyers who consistently travel between 50 and 400 hours annually
- Businesses needing consistent access to private aircraft
- Families who want predictable, safe travel
- Celebrities, athletes, musicians, and politicians requiring consistency and privacy
- Anyone who wants the benefits of aircraft ownership without the management burden
Introducing Magellan Jets Fractional Ownership
Magellan Jets, a trusted leader in private aviation, has launched a new Fractional Ownership program centered around the Bombardier Challenger 850; an aircraft known for its unmatched size, comfort, and performance.
Program Highlights:
- Each share is 60 hours per year with a 3-year term
- Guaranteed access to a Challenger 850 with no blackout dates
- Flights across the U.S., Canada, and the Caribbean
- Exclusive brand new 19-Passenger interior, gourmet dining, and high-speed Wi-Fi
- Seamless operations and white-glove service delivered in partnership with Slate Aviation
Aircraft Spotlight: The Bombardier Challenger 850
The Challenger 850 is one of the most spacious heavy jets in the world, combining a 2,000-mile range with a wide-cabin design. It accommodates up to 19 passengers in luxurious comfort and offers:
- Brand new interiors including dedicated working, sleeping, and dining areas
- Attentive in-flight service with a fully uniformed flight attendant
- Curated plated dining and top-shelf refreshments
- Spacious luggage capacity (202 cubic feet / 3,500 lbs)
- Gogo LG Advanced Wi-Fi with onboard entertainment library
- Internal storage capacity including coat closets and fully equipped galley service
This aircraft is ideal for executives flying to board meetings, multiple family vacations, entertainers on tour, and frequent travelers in our service area who simply won’t compromise on comfort.
Check to see if you’re in our preferred service area here.
Fractional Jet Ownership FAQs
What is Fractional Jet Ownership?
Fractional jet ownership is a private aviation model where you purchase a share of an aircraft, gaining access to a set number of flight hours per year with a 3–7-year commitment. A management company handles all maintenance, operations, and crew, allowing you to focus solely on your travel needs.
Magellan’s program offers fractional shares in the Challenger 850 starting at 60 hours annually, a flexible 3-year term, with no blackout dates and a strong emphasis on hospitality. Their partnership with Slate Aviation ensures a seamless, fully personalized experience.
What happens if I don’t use all my hours within the year?
Most programs offer limited rollover options or allow you to sell back a percentage of unused hours, though policies vary.
Clients of the Magellan Jets Fractional Program can roll over or sell back up to 25% of unused hours annually with no penalty. Magellan even offers profit-sharing opportunities to qualified participants.
What happens if I use all my hours within the year and need more?
Most fractional ownership programs offer supplemental hours at a contracted rate or provide access to additional aircraft through their broader fleet. However, surcharges are standard, rates may vary, and availability is not guaranteed, especially during peak travel periods.
Magellan Jets provides seamless access to supplemental lift through its Jet Card and On-Demand Charter programs, ensuring you’re never grounded when your hours run out. You’ll continue to receive the same elevated service, guaranteed aircraft availability, and transparent pricing, even beyond your original share.
Are there tax benefits to fractional ownership?
Yes. Business flyers may be eligible for tax deductions, including depreciation and Section 179 benefits. Always consult your tax advisor.
Magellan provides clear documentation and support to help clients, and their advisors navigate potential tax opportunities.
How is safety managed in fractional programs?
Leading providers follow FAA regulations and partner with top-rated operators. Safety standards vary, so due diligence is essential.
Magellan adds its own internal layer of oversight via its Flight Operations and Safety Teams, in addition to partnering only with rigorously vetted operators like Slate Aviation. Learn more about Magellan Jets’ safety standards here.
What is a Part 91K Operator?
A Part 91K operator refers to an aircraft operation governed by FAA Part 91 Subpart K, which specifically regulates fractional ownership programs.
Can I exit a fractional jet ownership program early?
Most fractional contracts run for 3–7 years. Exiting early often comes with restrictions or penalties, though some programs offer buy-back options.
Magellan offers guaranteed repurchase terms and early exit flexibility, providing financial peace of mind if your travel needs change.
Reserve Your Share. Redefine the Way You Fly.
Whether you’re upgrading your current travel solution or exploring private aviation for the first time, Magellan Jets Fractional Ownership delivers reliability, flexibility, and luxury.
Speak to a Magellan Jets Personal Aviation Advisor today to reserve your share and elevate your travel experience.
