How is fractional ownership different from time sharing?
Typical aircraft time sharing arrangements involve the usage of a single aircraft or small pool of aircraft, which is subject to prior or conflicting usage by other time share participants. Time sharing arrangements typically don’t provide on demand availability. FAR [i.e., 14 Code of Federal Regulations] 91.501(c)(1) defines a Part 91 time sharing agreement as a wet lease (i.e., with crew services) by an aircraft owner to a lessee, with specified permissible charges. Fractional ownership is typically regulated by FAR 91K at 91.1001 et seq., and is not subject to such economic regulation.
