Fractional & Shared Aircraft Ownership at Oxford
There are a number of ways to gain access to aircraft at Oxford without either full ownership or chartering the air taxis, jets, turboprops or helicopters that are based here.
At the higher end of the business aviation spectrum, for over 15 years now in Europe, the Netjets company has dominated the fractional ownership market. This is an alternative to chartering on an ad-hoc basis, where availability might occasionally be a problem, or outright aircraft ownership with all the burden of running an aeroplane yourself. One simply buys a share of an aircraft which is then managed and operated by a third party on your behalf.
Schemes also exist to share the use of aircraft on a non equity stake basis such as the Oxford Airport-based Jet Connections Non Equity Sharers Program (NES), an innovative scheme allowing lower cost access for up to three additional parties helping to share the fixed costs of ownership for the owner whilst enjoying access paying merely the direct operating costs rather than premium charter rates.
In the case of Netjets, one has a choice of different aircraft types and different levels of equity in a specific type. Dependant on the size of the shareholding, one is entitled to varying amounts of time on the aircraft. Most such schemes also provide an aircraft to meet your needs from any two points in Europe without having to pay the additional cost of positioning the aircraft to pick you up or to return back to a nominal home base (unlike most charter options). Typically, with as little as 10 hours notice, one can pick up a phone and say you want an aircraft to collect you say from Oxford to go to Nice - and that's it, the aircraft will be there at the prescribed time and you simply drive up to the jet's door and get on board - no check-in, no lost luggage, just arrive and go.
At the lower end of the aviation market, a number of lower-cost alternatives have been established, some for non-pilots and others for those with their own pilot's licence, but for whom whole aircraft ownership is too costly or burdensome. These alternatives are bringing the entry level costs of private or business usage of modern aircraft right down to levels which to date have never been attainable.
Below are highlighted some such 'general aviation' schemes as well as the better known business jet-based shared use alternatives:
Netjets Europe - have a fleet of over 100 aircraft now in Europe with over 600 pilots and 1000 fractional share holders. The largest and most popular fractional ownership provider in the world, Netjets are almost daily visitors to Oxford with Citation Bravos, Excels and Hawker 400 & 800s. In 2007 it is anticipated that Falcon 2000s and 900s will also enjoy Oxford access. A great majority of Netjets Europe's clients are based in the city of London where access to London City Airport has been a significant driver behind their recent growth.
Tel: +44 (0)207 361 9620
Jet Connections have launched an innovative scheme allowing for up to three additional parties to share the use of an aircraft without taking an equity stake in the asset. For further details look here.
Telephone: +44 1865 377 542
Light General Aviation (all inclusive service)
UK charter operator Lydd Air has recently launched its own Airshare fractional ownership program, offering shares in pre-owned piston and turboprop twins. Initially the company is offering shares in a pair of Piper PA-31 Chieftains and a Beech Baron 58. It anticipates adding a Beech King Air 200 to the fleet. Prices range from £25,000 for a one eighth share in a Chieftain. Direct operating costs are around £460 an hour for the same aircraft.
For independent advice and help in identifying the viable options to meet your own individual needs, call us here at the airport on 01865 290 710, or e-mail at firstname.lastname@example.org
Other shared ownership or fleet access programs include:
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