WHO ARE THE MAJOR SELLERS OF FRACTIONAL INTERESTS?
Q: Where do I look to buy a fractional jet interest? (Who are the major players?) A: Until fairly recently, there were 4 major players: NetJets (owned by Warren Buffett’s Berkshire Hathaway); FlexJet, a subsidiary of Bombardier, which manufactures FlexJet’s aircraft; Flight Options, which formerly dealt only in used aircraft, but which now operates used and new aircraft manufactured or maintained by its owner, Raytheon; and CitationShares, a joint venture between Cessna and a charter services provider. Another company, Avantair, offers fractional interests in the Piaggio Avanti turboprop. There are also a number of smaller, regional fractional ownership providers, such as New England-based PlaneSense, offering shares in the Pilatus PC-12 turboprop. Most (if not all) of the national and regional fractional operators or programs started before the implementation of 91K, and were “grandfathered” into compliance by the FAA. 91K had the (perhaps unintended) effect of making fractional progr
