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CRAFT Challenger 350 N396PD nose-on at sunset, airstair down

Ownership Cost

Fractional Jet Ownership Companies Compared

The main fractional jet ownership companies, how their shares, monthly fees and hourly rates work, what each one publishes about its jet cards, and how to compare them.

Israel SlodowitzFounder & CEOUpdated October 4, 2026 · Published November 21, 2025 · 9 min read
A CRAFT Challenger on the ramp

Fractional ownership lets you buy a share of an aircraft that matches how much you fly. A 1/16 share usually carries about 50 occupied hours a year; the company manages the aircraft as part of a fleet, so you fly an aircraft of that type with its crews, not necessarily your own tail. It costs much less than owning a whole jet, and much more commitment than a jet card.

This guide covers the main fractional companies, how their costs work, what each one publishes about its programs, and how to compare them fairly. CRAFT does not sell fractional shares; where we fit is at the end.

How fractional jet ownership works

When you buy into a fractional program, you buy part of a specific aircraft and a contract to have it managed. The company handles scheduling, maintenance, crews and insurance. You book with a set amount of notice, and an aircraft of your share's type is dispatched. Most programs guarantee availability outside a list of restricted or peak days, and many let you fly a different size of aircraft at an adjusted rate.

Your share sets your annual hours: about 50 for a 1/16, about 100 for a 1/8. Fractional ownership tends to suit people who fly a steady 50 hours or more a year. For a fuller walk-through, see how fractional ownership works and jet card vs fractional ownership.

Private aviation models compared

FeatureWhole ownershipFractional ownershipJet cardCharter
Upfront costAbout $3M to $75M or moreAbout $0.4M to $2MAbout $0.1M to $0.5M, prepaidPay per trip
Equity in an aircraftYes, 100%Yes, a shareNoNo
Guaranteed availabilityYour own aircraftA fleet, outside restricted daysDepends on the cardNo
Who manages the aircraftYou, or a management companyThe fractional companyNot applicableNot applicable
Annual hours where it tends to fit200 or moreAbout 50 to 400About 25 to 100Any
Depreciation for business useYesYesNoNo

Upfront costs are approximate, as publicly reported in early 2026, and vary widely by aircraft. Confirm current terms with each provider. For what a whole aircraft costs to own and run, see private jet ownership cost.

The fractional companies at a glance

CompanyWhat it sellsShare price (1/16)Monthly feeOccupied hourlyAircraft
NetJetsFractional shares, leases and a jet cardAbout $0.5M to $0.9MAbout $10K to $30KAbout $8K to $9K, light jetLight to long-range
FlexjetFractional shares, leases and a jet cardAbout $0.5M to $1MAbout $7K to $13KAbout $2.5K to $9KPhenom 300 to Gulfstream G700
PlaneSenseFractional shares and a jet cardAbout $0.4M (PC-12), about $0.85M (PC-24)About $6K to $9KAbout $5KPilatus PC-12 and PC-24
AirshareFractional shares billed by the day, and a day-based cardOn requestOn requestBilled by the dayPhenom 300 and Challenger 350
Jet LinxJoint ownership of a specific aircraft, and a jet cardVariesAbout $7K to $12KVariesAircraft at local bases
Wheels UpMemberships with a prepaid deposit, not sharesNot applicableMonthly feePublished by aircraftPhenom 300 and Challenger 300 series

Share prices, monthly fees and hourly rates in this table are approximate, as publicly reported in early 2026, and are not checked against each company's current contracts. Confirm current terms with the provider. Wheels Up's published rates are in its section below.

Provider features

FeatureNetJetsFlexjetPlaneSenseAirshareJet LinxWheels Up
Ownership modelFractionalFractionalFractionalFractional, day-basedJoint ownershipMembership
Dedicated crew optionNoYes (Red Label)NoNoYesNo
Unused hoursPer contractPer contractPer contractPer contractChartered out to offset costsNot applicable
Depreciation for business useYesYesYesYesYesNo

Ask each company to show the terms for your contract in writing; programs change their rules, and the details above are a guide, not a contract.

The fractional companies

NetJets: the largest fleet

NetJets describes itself as the world's largest private jet company and has been owned by Berkshire Hathaway since 1998. It sells fractional shares and leases across light, midsize, super-midsize and large-cabin aircraft, with global scheduling and a long list of service options. Its fleet depth is the main reason buyers choose it.

As publicly reported in early 2026, a 1/16 light jet share cost about $0.5 million to $0.9 million, with monthly management fees of about $10,000 to $30,000 and occupied hourly rates of about $8,000 to $9,000 on light jets, before the 7.5% federal excise tax. These are approximate; confirm current terms with NetJets. NetJets also sells a jet card, and what it publishes about the card is below.

NetJets: what it publishes
ProgramNetJets Card (fractional operator)
Cabins5 jet types, light to long-range
Entry price, as published$215,000 (275 days of access)
Minimum25 hours, prepaid 25 at a time; 24 months to use them
CalloutAs little as 48 hours
Peak daysUp to 320 days of access a year (entry price is for 275 days)
How you payPrepaid hours; unused hours end at the contract end date
From NetJets' own website, checked September 29, 2026. Industry press reported in late July 2026 that NetJets had limited new Jet Card sales. Terms change: confirm current terms with NetJets before you buy. Full NetJets review · NetJets on our provider index

For more, see NetJets fractional ownership, NetJets alternatives and NetJets vs Flexjet.

Flexjet: dedicated crews

Flexjet is the other large U.S. fractional program, with a fleet that runs from the Phenom 300 to Gulfstream ultra-long-range jets. Its Red Label program assigns dedicated crews to specific aircraft, which owners who value familiar faces rate highly.

As publicly reported in early 2026, a 1/16 share cost about $0.5 million to $1 million, monthly fees about $7,000 to $13,000, and occupied hourly rates about $2,500 to $9,000 depending on the aircraft. These are approximate; confirm current terms with Flexjet. Earlier reports also describe an option for owners to sell part of their unused hours within the program; ask Flexjet whether it applies to your contract.

Flexjet: what it publishes
ProgramFlexjet 25 (fractional operator)
CabinsLight (Phenom 300) to ultra-long-range (G700)
Entry price, as publishedQuote only
Minimum25 hours; offered once per client as a trial of Flexjet
CalloutAs little as 5 days
Peak daysNot published
How you payDebit-style prepaid card: hours × primary-aircraft rate + 7.5% FET, with an hourly fuel adjustment
From Flexjet's own website, checked September 29, 2026. Terms change: confirm current terms with Flexjet before you buy. Full Flexjet review · Flexjet on our provider index

See Flexjet alternatives and Flexjet vs CRAFT.

PlaneSense: Pilatus aircraft and short runways

PlaneSense centres its program on the Pilatus PC-12 turboprop and PC-24 jet, both suited to shorter runways and smaller airports. As publicly reported in early 2026, shares cost about $0.4 million (PC-12) and about $0.85 million (PC-24), with monthly fees of about $6,000 and about $9,000 and occupied hourly rates of about $5,000. These are approximate; confirm current terms with PlaneSense.

PlaneSense also sells CobaltPass, a jet card of 25 hours over a 24-month term. As of October 2, 2026, its website says the price includes hourly fees, fuel, landing and FBO fees, that the PC-12 card is sold out and the PC-24 card is available, and that pricing is on request. See PlaneSense CobaltPass on our provider index.

Airshare: billed by the day

Airshare bills fractional ownership by the day rather than the hour, which can suit executives who visit several cities in one day. Its fleet includes Phenom 300s and Challenger 350s, with most flying in the central U.S. Its day-based card, EMBARK, is 10 travel days over 24 months with a program fee up front, as published on its website as of October 2, 2026. See Airshare EMBARK on our provider index.

Jet Linx: joint ownership of a specific aircraft

Jet Linx offers joint ownership: a share of a specific aircraft, typically with one other owner, managed from a local base. It can charter the aircraft when the owners aren't using it to offset costs. As publicly reported in early 2026, monthly fees ran about $7,000 to $12,000; confirm current terms with Jet Linx. Its jet card, as published on its website as of October 2, 2026, has fixed pricing, no peak-day surcharges, a 12-month rate lock and no repositioning fees, with the purchase size not posted. See Jet Linx on our provider index.

Wheels Up: a membership, not a share

Wheels Up is not a fractional program: you buy a membership and fund a deposit, then pay for each flight. It introduced Signature Membership in September 2025, with a choice of fixed or dynamic pricing on its Phenom 300 and Challenger 300 series aircraft.

Wheels Up: what it publishes
ProgramSignature Membership (operator + marketplace)
CabinsPhenom 300 and Challenger 300 series; global charter through Air Partner
Entry price, as published$200,000 minimum deposit + monthly fee
Minimum$200,000 minimum prepaid deposit, plus a monthly fee
CalloutNot published
Peak daysDynamic plan prices by season, day and destination; a fixed-rate plan is also offered
How you pay$200,000 minimum prepaid deposit
From Wheels Up's own website, checked September 29, 2026. Terms change: confirm current terms with Wheels Up before you buy. Full Wheels Up review · Wheels Up on our provider index

As published on Wheels Up's rate chart, checked September 29, 2026, fixed-plan rates at the minimum $200,000 fund are $9,295 an hour for the Phenom 300 and $13,495 for the Challenger 300, with lower rates on bigger funds. The chart doesn't say whether tax or fuel is included. See Wheels Up alternatives and Wheels Up vs CRAFT.

Understanding fractional ownership costs

CostWhat it coversTypical range
Share priceA one-time purchase of part of an aircraftAbout $0.4M to $2M
Monthly feeCrews, hangar, insurance and maintenance planningAbout $6K to $30K a month
Occupied hourly rateEach hour you flyAbout $2K to $9K or more
Fuel and taxA fuel charge and the 7.5% federal excise tax, on most programsVaries
DepreciationThe share is usually bought back below its purchase priceVaries by aircraft and market

Ranges are approximate, as publicly reported in early 2026. Confirm current terms with each provider.

Annual cost by hours flown

Hours a yearLight jetMidsize jetLarge cabin
50 hoursAbout $0.2M to $0.35MAbout $0.3M to $0.5MAbout $0.5M to $0.65M
100 hoursAbout $0.3M to $0.5MAbout $0.5M to $0.7MAbout $0.7M to $1M
200 hoursAbout $0.55M to $0.85MAbout $0.8M to $1.2MAbout $1.2M to $1.7M

These are approximate estimates, as publicly reported in early 2026: the share price spread over five years, monthly fees and hourly rates, before depreciation. Actual costs vary by program and aircraft; confirm current terms with the provider and ask a tax advisor familiar with aviation about depreciation. For more, see fractional jet ownership costs.

Aircraft classes

ClassPassengersRangeOccupied hourly (fractional)Best for
Light jets2 to 6About 1,500 miAbout $1.8K to $2.5KRegional trips of 1 to 2 hours
Midsize jets6 to 8About 2,000 to 3,000 miAbout $3K to $4.5KCross-country trips of 2 to 4 hours
Super-midsize (e.g. Challenger 300/350)8 to 10About 3,000 to 3,500 miVaries by program; ask the providerCoast to coast, stand-up cabin
Large cabin10 to 16About 3,500 to 7,500 miAbout $5.5K to $9K or moreInternational trips and larger groups

Hourly figures are approximate occupied rates on fractional programs, as publicly reported in early 2026, and leave out the share and monthly fee. Confirm current terms with the provider. For what a flight costs by cabin and flight time on charter, see private jet cost by the hour; to check range on a route, try the range map.

Matching a provider to how you fly

How you flyWorth a lookWhy
Frequent global travelNetJets, FlexjetFleet depth and international coverage
Want the same crewsFlexjet, Jet LinxDedicated crew programs
Rural airports or short runwaysPlaneSensePilatus aircraft built for short fields
Near-whole ownershipJet LinxJoint ownership of one aircraft
Several cities in one dayAirshareBilling by the day
25 to 100 hours, no shareA jet cardNo share or monthly fee; see the best jet cards compared

Exit terms

ProviderHow you exitTypical term
NetJetsShare sold back at a formula or market priceAbout 3 to 5 years
FlexjetShare sold back or remarketedAbout 3 to 5 years
PlaneSenseResale or buybackAbout 3 to 5 years
Jet LinxSell your interestVaries
Wheels UpEnd the membershipPer membership terms

Terms are approximate, as publicly reported in early 2026; confirm current terms with each provider before you sign.

Quick guide by hours flown

Under 25 hours a year: charter or a jet card usually makes more sense; a share's fixed costs are spread over too few hours.

About 25 to 100 hours: compare a jet card with a 1/16 share in a light or midsize jet. Jet card vs fractional ownership shows how to add up both fairly.

About 100 to 200 hours: a 1/8 to 1/4 share, where fleet depth and guaranteed availability matter most.

200 hours or more: compare a larger share with whole aircraft ownership.

Where CRAFT fits

CRAFT is a Part 135 operator of five Challenger 300 and 350 aircraft, ARGUS Platinum Rated and listed on the Wyvern registry. We do not sell fractional shares. We sell the Fleet Jet Card, which buys hours at published rates on a Challenger flown by CRAFT crews, and we charter the same fleet trip by trip. Here is the card next to other super-midsize cards, on the same basis:

Jet cards in the super-midsize class, per hour on one basis

  • Sentient Jet SJ25+ Super-Mid

    As published
    $11,529/hr
    Base; fuel surcharge and FET added
    With fuel and FET
    $12,716–$13,254/hrEst.
    Fuel EST. $300–$800/hr; FET added at 7.5%, as the program states
  • CRAFT Fleet Jet Card(ours)

    As published
    $12,950/hr
    Fuel and FET included
    With fuel and FET
    $12,950/hr
    Published price; fuel and FET included
  • Wheels Up Signature Challenger 300

    As published
    $13,495/hr
    Fixed plan; tax and fuel not stated
    With fuel and FET
    $14,507/hrEst.
    Fuel not stated; none added; FET added at 7.5%; program doesn't state tax
EST. = the published price for 25 hours, plus a fuel surcharge of $300–$800/hr where a program adds one but doesn't publish it, plus 7.5% federal excise tax where the program adds tax or doesn't state it. Each company's rate is from its own website, checked September 29, 2026; CRAFT operates the Fleet Jet Card. Also sold in this class, with no per-class price published: Flexjet 25, NetJets Card, VistaJet VJ25, VistaJet Program. Every class, like for like

If you own, or plan to buy, a jet, Leaseback puts it on our certificate while we carry crew, maintenance and compliance. CRAFT is also the exclusive operator for the Glidepath Exchange Fund, whose members fly the CRAFT Challenger fleet. Investors contribute a concentrated stock position to the fund and diversify it without triggering a taxable event. Glidepath is offered by a separate company; CRAFT operates the flights. Read about Glidepath.

To compare jet cards from every company that publishes its rates, see the jet card providers we track, and use the charter cost calculator to price a trip.

Frequently asked questions

What are the largest fractional jet ownership companies?

NetJets and Flexjet are the two largest fractional programs in the United States. PlaneSense (Pilatus PC-12 and PC-24), Airshare (Phenom 300 and Challenger 350) and Jet Linx (joint ownership of a specific aircraft) are smaller programs with different models. Wheels Up sells memberships rather than shares.

How much does a fractional jet share cost?

There are three layers: the share price, a monthly management fee and an occupied hourly rate. As publicly reported in early 2026, a 1/16 share of a light jet cost about $0.4 million to $0.9 million depending on the program and aircraft, with monthly fees of about $6,000 to $30,000. These figures are approximate; confirm current terms with each company.

How many hours do you get with a 1/16 share?

A 1/16 share usually carries about 50 occupied hours a year, and a 1/8 share about 100. Some programs bill by the day instead of the hour, so ask how your allocation is counted.

Do fractional jet shares lose value?

Usually, yes. At the end of the contract the company typically buys the share back at the aircraft's market value at that time, which is normally below what you paid because aircraft depreciate. Ask for the buyback formula in writing before you sign.

Which costs less, a jet card or a fractional share?

It depends on how much you fly. A jet card has no share purchase and usually no monthly fee, so it suits about 25 to 100 hours a year or uncertain hours. A share spreads its fixed costs over more hours, so it suits a steady 50 hours or more. Compare both on the total you pay over the same period, divided by the hours you fly.

Does CRAFT sell fractional shares?

No. CRAFT operates five Challenger 300 and 350 aircraft under its own Part 135 certificate and sells the Fleet Jet Card and charter on that fleet. Owners can place their own aircraft on CRAFT's certificate through Leaseback, and CRAFT is the exclusive operator for the Glidepath Exchange Fund, which is offered by a separate company.

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