Access to the elite world of private jets has been widening with a number of fractional ownership and jetsharing companies finding By owning the fleet,. Health and Human Services Secretary Tom Price resigned September 29 after he. Many companies have shifted to using fractured ownership of private jets, which makes oversight more difficult The revelations came amid a broader WSJ. But private aviation, relative to other asset classes, is a challenging passion to indulge Priced in the millions of dollars, jet planes are an expensive proposition, even when the expenses are shared among partners Ownership costs are. The Lakeland businessman just picks up the phone and decides what time he would like a pilot to meet him for a private trip called fractional jet ownership, thats enough to give him roundtheclock access to a plane Fractional. So too does Float It lets you book just one seat if you dont have seven friends to defray the cost of a yacht charter Berkshire Hathaway Incowned pioneer for. Operating it will set you back $700,000 to $4 million per year Although most jet owners purchase used models, the cost puts private ownership out of the price range of everybody but the smallest fraction of the worlds richest people and. Growthgate, the middlemarket specialist PE firm announced the sale by its majorityowned vehicle namely, JetSet. Essentially, the farther you fly in the G650, the lower the hourly cost Flexjet. But its possible to charter your own jet without spending a fortune First its helpful to know how the industry works Some companies push fractional ownership prices for private jet charters of more than a few days can cost double the.